Industry Analysis & Industry Trends
The world is an increasingly connected place. People communicate through a host of devices and services such as smartphones and computers. Connections are made via radio and TV, and infrastructure such as alarm systems are now often connected to the authorities. Communication equipment is used to provide these connections and its manufacture is consequently an increasingly important aspect of the global manufacturing sector.
Despite increased global demand, the industry is declining as cost pressures have forced many manufacturers to relocate offshore. Strong imports and technology convergence have led to increasing competition for local manufacturers that operate in a highly globalised industry. Industry revenue is expected to fall at a compound annual rate of 4.3%... purchase to read more
Industry Report - Starting a New Business Chapter
There are a number of barriers to entry into the industry. These include the fast rate of technological change, high research and development costs, the power and economies of scale of existing operators, and the cost of recruiting skilled staff. Market knowledge and representation can also be important in accessing offshore and local markets.
The fast pace of technological change can hinder entry for new operators. Gaining access to the latest technology is essential to remaining competitive, and this requires considerable investment in research and development.
The dominance of existing players can prevent the success of new entrants to the industry. Exi.. purchase to read more