Electronics Market Goes Into Overdrive

Imagine smart cities with smart infrastructures laying the foundation for a virtual world — where people interact with each other in virtual avatars, smart clouds, and connected homes, with wireless and artificial intelligence present in every aspect of electronics. It sounds futuristic, but in reality, all mega trends are pointing in that direction.

{complink 9171|Frost & Sullivan} research indicates that increasing urbanization, creation of smart cities, and geo-socialization will elevate the current level of innovation in terms of product design, product usability, manufacturing equipment, supply chain strategies, and business models.

Electronic products will be designed to alter people's thinking and analytical patterns, interactions, social skills, and ways of life. Information and communication will become powerful tools that will have a key influence on electronics product design and connectivity. More impetus has come from top companies like {complink 379|Apple Inc.} and {complink 2294|Google} to merge products in computing such as computers or laptops with tablets and smartphones.

The electronics industry is unique as it is both revolutionary as well as evolutionary. Constant innovation, faster obsolescence, creation and transfer of knowledge, cyclical demand, and price erosion have become parlance for any value chain participant. The electronics industry is transitioning rapidly with mega trends round the corner, year-on-year. Flexible electronics, nanomaterials, smart materials, and 3D integration are just a few of the technologies that will have significant impact on the evolution of the electronics landscape.

There is a lot happening in the area of smaller components, printed electronics, and on the equipment side — the increased footprint of modular equipment versus traditional equipment. Technological advances in different vertical markets also leads to smart manufacturing techniques in smart factories, and equipment is no longer limited for a specific footprint or product design. All of these factors are taking electronics product design and electronics manufacturing to unprecedented levels. Therefore, the question is, what’s next?

Companies, globally, are investing and allocating research and development (R&D) budgets to identify product roadmaps, designs, business strategies, and growth drivers. The most obvious challenge, then, is to identify a strategy or design roadmap to finally invest money in. Many forward-thinking companies are overcoming inertia. By becoming more flexible, they are successful in identifying business units or markets and products that offer relatively stronger opportunities.

We would like to hear from you. What factors determine product roadmaps and design and R&D budget allocation in your company? What products, manufacturing technologies, connectivity solutions, or next-generation business models will influence technology and reshape electronics industry? Where do you think the future lies?

Frost & Sullivan and EBN are collaborating on a survey to identify evolutionary trends in the electronics industry and their implications for the whole electronics value-chain, including component manufacturers, equipment manufacturers, and end-users. Take the survey by clicking here. Thank you for your time. We appreciate it!

9 comments on “Electronics Market Goes Into Overdrive

  1. elctrnx_lyf
    April 19, 2012

    I think the biggest trend in many of different product segments is the connectvity part. Now all the devices want to connect and talk to other devices prefereably through wireless nerworks. So I believe there will much more products in the future embedded with technologies like Zigbee and low power blue tooth. 

  2. Adeniji Kayode
    April 19, 2012

    you are right, that is because no manufacturer want to be left behind.They all want to be relevant in the future and to the future.

  3. syedzunair
    April 19, 2012

    I agree, R&D is an important factor and regular surveys need to be conducted to get insight on the technologies that will have an impact in the future. Based on the survey results enterprises can divide the R&D budgets to different research projects. 

  4. Wale Bakare
    April 19, 2012

    We shall see all happen at very faster pace – there all here now. Unique thing is that, we are getting used to it.

  5. Adeniji Kayode
    April 20, 2012

    @ Wale, You are right but do we really have a choice, and there is no going back too-to what?we are both leading each others both elcetronics and consumers.

  6. jbond
    April 20, 2012

    I think that most people don't realize how much of these “futuristic” products are already out there. These items are introduced one at a time and slowly integrated into society, so most people just take it for granted.

  7. Daniel
    April 23, 2012

    There are two types of R&Ds, one for enhancing the existing system and the other for new products. In both cases extensive study and investments are required. But now a day’s most of the companies are showing more interest in adding an ‘x’ factor to the existing popular devices. This will help them to reduce investments and a better mileage in return.

  8. Barbara Jorgensen
    April 23, 2012

    As cool as these devices sound, there is a downside to engineering for the sake of engineering. Companies used to have the luxury of inventing becuase it was challenging and fun. We'd all like to see those days again, but I think utility and ROI will continue to be driving forces behind the development of electronics.

  9. Adeniji Kayode
    April 24, 2012

    I agree with you on that, which means that concerning electronics,the future is always here even though it might unfold bit by bit.

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