Industry Analysis & Industry Trends
The Consumer Electronics Manufacturing industry has been adversely affected by decreasing demand for consumer electronics, such as TVs, headphones and high-definition sound systems, despite lower prices and new product releases. This dip in demand has been exacerbated by falling consumer confidence and constrained disposable income in the current year. Price contractions have resulted in an overall decline in the value of sales. 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 amount to £1.1... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The UK Consumer Electronics Manufacturing industry is considered to be in decline, as production shifts to low-cost jurisdictions. Industry value added (IVA) is forecast to contract at a compound annual rate of 3.2% for the 10 years through 2021-22, while GDP is expected to grow at a compound annual rate of 2.3% for the same 10-year period. In addition, the number of operators and employees in the United Kingdom is projected to decline. Import penetration in the UK consumer electronics is very high and is expected to remain high.
Conversely, on a global scale the industry is considered to be in a growth phase of its life cycle, with innovation, the introduction of new products and growing demand from emerging countries resulting in strong growth in sales volumes. Nev.. purchase to read more