[photopress:chinaelectronicsworker.jpg,full,alignright]The suggestion, the forecast is that by 2010 China’s consumer electronics market will have doubled. Analyst firm In-Stat reported that it thinks the industry will grow from $71.5bn in 2006 to $167bn in 2010.
It says its reasoning is based China’s mature supply chain, skilled labour force and convenient logistics.
In-Stat analyst Andy Zheng said, ‘About two-thirds of China’s electronics manufacturing revenue comes solely from foreign-funded or Sino-foreign joint ventures. The world’s top ten electronics manufacturers have all invested in China and consider China to be a key region in their global manufacturing facility layout.’
Compared to its mature manufacturing environment, the study rates China’s research and development ability, especially in chip design and solutions, as weak. Over 90 per cent of chips for electronic manufacturing still depend on imports.
Bear in mind that this is the forecast of an analyst where a hit rate of 50 percent accuracy is considered very fair. A forecast but not an absolute figure.
Source: VNU