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 Electronic Industry | A Preview

Electronic Industry in China

The electronic information industry in China grew rapidly after the liberalization of the economy under the national strategic policy of accelerating the "informatization" of its industrial development. In 2005, China's electronic information sector made up 16.6% of the country's economic growth and its added-value output formed 7% of the GDP. China’s electronic information industry has grown three times faster than the national GDP growth rate and has grown faster than the machinery manufacturing and metallurgy industries. As of 2011, China is the world's largest market for personal computers. Major Chinese electronics companies include BOE, Changhong, Haier, Hisense, Huawei, Konka, Lenovo, Panda Electronics, Skyworth, SVA, TCL, and ZTE. The added-value base of the Chinese electronic information industry is about 900 billion yuan (approximately US$112 billion). The value added ratio is (amount of value added / total sales x 100%) only 23.4%, compared to the whole national average of 27.1%. The number of electronic information industry-related companies in China jumped from 7,500 in 2001, to 17,600 in 2003 and 67,000 in 2005, with approximately 56,000 of these being manufacturing companies. The number of employees engaged in the industry grew from 3.01 million in 2001 to 4.08 million in 2003 and 7.61 million in 2005 (out of whom 5.51 million are employed in the manufacturing industry). Know More >>

 Electronic Industry in India

The electronics market in India is one of the largest in the world and is anticipated to reach US$ 400 billion in 2022 from US$ 69.6 billion in 2012. The market is projected to grow at a compound annual growth rate (CAGR) of 24.4 per cent during 2012-2020. The electronics sector consists of consumer and industrial electronics, computers, communication and broadcasting equipment, strategic electronics and electronic components. Total production of electronics hardware goods in India is estimated to reach US$ 32.7 billion in FY13 and US$ 104 billion by 2020. The communication and broadcasting equipment segment constituted 31 per cent, which is the highest share of total production of electronic goods in India in FY13, followed by consumer electronics at 23 per cent. The Government of India has set up Electronic Hardware Technology Parks (EHTPs), Special Economic Zones (SEZs) and a brought about a favourable climate for foreign direct investment (FDI). It has also increased liberalisation and relaxed tariffs to promote growth in the sector. In addition, the government's National Electronics Policy 2012 aims to increase exports in the electronic system design and manufacturing sector from US$ 5.5 billion to US$ 80 billion by 2020. The growing customer base and the increased penetration in consumer durables segment has provided enough scope for the growth of the Indian electronics sector. Also, digitisation of cable could lead to increased broadband penetration in the country and open up new avenues for companies in the electronics industry. Know More >>

 What INCCS can do for you..

  Sector specific language services

At INCCS, we provide specialized technical translation & interepration for electronic industry. Our language translators are equipped with technical vocabulary and in-depth knowledge of electronic industry in India & China, ensuring that you get technically correct, contextually accurate and localized content with lowest delivery lead times and cost. Know more about INCCS language services here>>

  Tailored Sourcing & Procurement Services

If you are a manufacturing industry engaged in the electronic industry, INCCS sourcing experts can help your business generate sustainable savings through strategic sourcing of various inputs in your assembly line viz., engineering machinery & equipment, Maintenance-Repair-Operations (MRO) items, Consumables, Industrial equipment, Plant upkeep supplies, and Direct Materials (raw materials, components & Parts). If you are a retailer / trader, we have an unsurpassed large database of best-in-class manufacturers and can match you the best quality suppliers of automotive parts and equipments. Know more about INCCS sourcing & procurement services here>>

  Specialized Market Research and Export Services

At INCCS, we have dedicated specialized market research teams for every industry vertical we cater to including electronics industry. Our sector experts assure you of the most accurate and actionable market insights to help you decide which Asian markets to enter, when and how. If you do decide to enter the challenging electronics markets of China and India, our regional experts can help your from start to end, from building your market entry strategy to product launch. Our range of services include international lead generation, developing local contacts for wholesale distribution or partnership, partner search, support of negotiations or M&A, brand development, assistance with local certification, export finance, overseas marketing and promotion, online marketing including website development and local SEO, developing local language contextually-correct marketing communications, public relations, product launch, trade show support services, and international end-user / customer support. Know more about INCCS export & marketing services here>>

  Effective International liaison services

We at INCCS, help firms build everlasting strategic relationships through our bouquet of liaison services including organizing business delegations and assistance in participation in trade fairs, exhibitions and conferences that help you in every step including Domestic travel arrangements,Accommodation arrangement, Organisation of promotional events, factory visits and Preparation and Management of buyer-seller meetings. Our specialized language translators with in-depth knowledge of automotive industry and technical vocabulary would be at your service throughout your stay to ensure that you close the deals before you leave.  Know more about INCCS liaison services here>>

  Customized Project Management Services

If you are aiming to set up a manufacturing unit catering to electronics industry, allow INCCS to partner in your success. We at INCCS are staffed with six-sigma black belt experts and PMP professionals having demonstrated expertise of project execution in electronics industry. Our concept to commissioning model (C2C model) promises smooth execution of your project from start to end including project planning, reporting and communication, budgeting and cost control, scheduling risk management, stakeholder engagement and regulatory approvals, design management change management, construction monitoring, project acceptance and turnover, and final project close out. Know more about INCCS C2C project management services here>>

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"INCCS was great! I was very skeptical at first about sharing my sourcing needs with some one else for fear of having to pay through my nose for the Crane my company wanted commissioned, but INCCS really came through for me. Not only did they give me a great choice of eligible vendors who met our needs, they also helped us save mega bucks by negotiating so hard it felt as if they were the ones buying and not us!!"

Ritesh Sharma