Industry Analysis & Industry Trends
Consumers love electronic gadgets. Demand for consumer electronics, such as flat-screen TVs, headphones and high-definition sound systems, is growing as prices fall and new products are released. However, the steep drop in prices has negatively affected the value of sales. Additionally, 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 2014-15, up 0.5% on the previous year. The industry is highly globalised, with exports estimated to amount to £1.8 billion and imports to approximately £6 billion in 2014-15. Imports satisfy a very large share of the domestic market... purchase to read more
Industry Report - Starting a New Business Chapter
The industry is estimated to have high barriers to entry due mainly to requirements in many cases for large investments in production facilities, distribution networks and in research and development (R&D). In addition, established brands and the availability of economies of scale can offer large incumbents competitive advantages relative to newcomers. Furthermore, high labour costs and a lack of depth in local supply chains in the United Kingdom compared with those in Asian regions and Eastern Europe, can make it difficult for local manufacturers to compete.
This is a high-technology industry, often incorporating patented intellectual property. In some segments, it is necessary to make significant investments in R&D and recruiting highly skilled engineers can be costly... purchase to read more