Electronic Component Manufacturing in China
Electronic Component Manufacturing in China: your opportunity
With the rapid development of China's information communications technology (ICT) sector, China has become the world's largest manufacturing center for electronic products, including televisions, computers, handsets and DVD players. Subsequently, China's output of certain electronic components, especially commonly used and medium- and low-end electronic components, is the highest in the world. Revenue for the Electric Component Manufacturing industry in China was set to grow 6.2 percent in 2015 to USD 196.2 billion, with average annual increases of 7.3 percent in the past five years.
Industry revenue growth will be strong in the years to 2020, but slower than over the past five years as the industry matures and competition intensifies.
The Electronic Component Manufacturing industry in China is in the growth phase of its life cycle. This is shown by the industry's value added in the ten years from 2010 to 2020 growing at an estimated 6.6 percent per year, faster than China's GDP growth over the same period of about 6.5 percent annually.
The number of enterprises operating in the industry has been rising. With China's accession to the World Trade Organization, many well-known foreign enterprises that produce PCs, mobile phones and other communication devices have established manufacturing centers in China. In addition, domestic private manufacturers have developed rapidly in recent years.
Source: IBISWorld’s Electronic Component Manufacturing Market Research Report | Feb 2016 (www.ibisworld.com)