An Overview of Electronic Industry

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Electronics is a wide ranging industry, with its traditional markets changing as it moves into other sector. The worldwide electrical and electronic and computers industry is the most flourishing and extremely diversified sector consisting of manufacturers, suppliers, dealers, retailers, electrical engineers, electricians, electronic equipment manufacturers, and trade unions. This sector has been growing at a rapid pace with the invention of innovative technologies and an ever-increasing customer inclination towards electronic goods and services.

Key Segments of Electrical and Electronics Industry The global electrical and electronics sector is highly fragmented, comprising of various auxiliary sectors namely;

1. Computer and office equipment; Consists of various establishments engrossed in manufacturing and supplying of assorted range of computer hardware, peripherals, software and office automation equipment.

2. Consumer appliances and; Constitutes of units involved in designing, manufacturing, marketing, and distribution of household appliances, audio, video and gaming products. Some of the consumer electronics products are televisions, lcd, stereos, speakers, video recorders, CD players, radios, cameras, wireless devices, kitchen appliances etc.

3. Telecommunications; Can be divided into two main sub sectors, i.e. communication equipment and communication services.

4. Industrial electronics; Is made up of various establishments committed to designing, developing, manufacturing and selling of broad range of electronic components and systems used in equipment and automated processes serving in an industrial environment.

5. Electronic components; Comprises of various establishments engaged in designing, manufacturing, marketing, supporting, selling and distributing of broad range of electronic components such as bolts, clamps, fasteners, rivets, lighting, semi-conductor, integrated circuits, microprocessors, cables and wires, switches, sensors, keyboards, sockets, timing devices, laser modules, solar devices, test and inspection equipment, scientific and technical instruments etc.

1. Global Scenario

The electronics industry is very dynamic and new products are launched every day in the global market. The demand of the consumers is always increasing and the companies are using state of the art technologies to stay live in the competition by making new innovations and technological advancements. Due to new innovations the society is always in demand for a better product which can not only satisfy their basic needs but also can take care of their wants too. The ever changing electronics sector holds great potential not only for the new-extracts, but also for the existing industry giants.

The worldwide electrical and electronic industry is the most flourishing and widely diversified sector, which consists of manufacturers, suppliers, dealers, retailers, electrical engineers, electricians, electronic equipment manufacturers and even trade unions. Now, the electronic goods have become a status symbol and prestige issue of owning a newly developed product, within the society to showcase their standard of living and status to others. Thus, as a whole the electronic industry is witnessing a rapid growth. The global electronics sector is highly fragmented comprising of various auxiliary sectors namely electronic components, computer and office equipment, telecommunications, consumer appliances and industrial electronics. The United States of America makes the largest contribution of electronic products in the world, contributing a total share of 21 %and also occupies the largest market share with 29% in the global market.

2. Indian Scenario The electronics industry started its journey in India in 1965 with an orientation towards space and defence technologies. This was rigidly controlled and initiated by government. This was followed by the developments in consumer electronics mainly with transistor radios, black & white TV, calculators etc. 1982 was another important year in the history of Indian electronics sector, when the government of India allowed importing colour televisions to the country to coincide with the broadcast of Asian games in new Delhi. Later on, in 1985 saw the advert of computers and telephone exchanges, which were succeeded by the digital exchanges in 1988. The period between 1984 and 190 was the golden period for electronics during which the industry witnessed continuous and rapid growth. In 1991, the 1st electronic crisis was triggered by the gulf war which was then followed by political and economic uncertainties within the country. In mid 1990s, the country has witnessed the biggest boom in the software industry while, the same time the hardware sector was treated indifferently by the successive governments.

The electronic industry in India constitutes just 0.7 per cent of the global electronic industry. Hence, it is miniscule by international comparison. However, the demand in the Indian market is growing rapidly and investments are flowing in to argument manufacturing capacity. Presently, the output of the electronic headwear industry in India is worth more than US $ 11.6 billion.