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 industry is highly globalised, with exports estimated to account for £1.8 billion of revenue and imports for approximately £6.2 billion of domestic demand in 2015-16. However, exports and, to a lesser extent, imports are inflated by re-exports, which are exports of imported products... 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