Industry Analysis & Industry Trends
Consumers love electronic gadgets. Demand for consumer electronics, such as flat-panel TVs, headphones and high-definition video is growing as a result of falling prices and the release of new and enhanced products. However, the steep fall in prices has negatively affected the value of sales. In addition, consumer electronics are increasingly being manufactured in foreign countries where labour costs are low and supply chains are deep.
The UK Consumer Electronics Manufacturing industry is expected to generate revenue of £1.9 billion in 2013-14, down 7.7% from 2012-13. The industry is highly globalised, with exports estimated to amount to £1.8 billion and imports to amount to £6.0 billion in 2013-14. Imports hold a large share of the domestic market... purchase to read more
Industry Report - Industry Products Chapter
The Consumer Electronics Manufacturing industry constructs a wide range of products, from televisions, recording equipment, speakers, audio systems and video games consoles. The degree to which international competition has affected the competitiveness of UK industry greatly determines the type of products being manufactured. Two key areas in which the United Kingdom has remained competitive are high-end sound equipment and niche products serving small markets.
Headphones and speakers
Home sound systems, headphones and earphones account for 45% of industry revenue. Typically UK consumer audio manufacturers outsource production of their cheaper product lines to East Asian facilities and manufacture their premium products in the United Kingdom... purchase to read more