Electronics & Electrical Industry:
Introduction – Early Years:The first considerable application of administered electricity in Cleveland was telegraphy, which made its first impression in the city back in 1847 on the property of Lake Erie Telegraph Co. The boxes of fire alarms were the second most effective demonstration of the much-improved power that was introduced in the city, and by the end of 1865, almost 24 of them were running. The telephone was not introduced until 1877. Besides all of these modes of communication, some of the other areas of the progress made in the electronics industry were traction, lighting, and industrial motors. These transformations took place in the 19th century making electronics more viable and stable for the usage of humankind. The entrepreneurial team of Cleveland back in those days were sharp enough to realize the opportunities in the electrical market, and they made sure that they would take full benefit from them. In the field of lighting, Charles F.Brush was a renowned inventor, entrepreneur, and innovator. His most important contribution in the field of electricity was the commercial exploitation and practical development of the arc based light. Although the arc based light was later created in England back in 1808, Charles Brush prepared its application by creating an upgraded dynamo to facilitate a stable current, and by making suitable changes in the arc itself that ameliorated the light quality and improved the life of carbon-based electrodes. He also made the circuit for the lamp to facilitate the arc lighting systems in the late 1870s and was primarily used in factories, stores, and even hotels. However, the significance of this equipment was realized for the first time when Charles Brush demonstrated lighting for streets to the public in 1879, in Cleveland’s Public Square. The intensity of the light generated by his 12 lamps created a spark among the common people who completely rejected gas-based lighting. As a result, Brush was successful enough in selling his invention to several power stations across Boston, Baltimore, San Francisco, Philadelphia, and New York.
Market Trends Of The Electronics Industry:Ever since the time the electronic revolution facilitated the people around the world, the growing competition among the industrialists and organizations have grown at a rapid rate leading to a raging innovation and investment and assisting to give rise to the economy digitally. The economy digitally has aided the development of various electrical appliances and parts like watches, smartphones, refrigerators, TVs, security systems, and environment-friendly electric vehicles. According to a report generated by Electronic and Electrical Manufacturing Market Briefing, by TBRC (The Business Research Company), the worldwide electronics and electrical market is predicted to surpass around $3 trillion by the end of 2020, with Pacific-Asia being the dominating market in terms of the geographical region and China being the largest market as a country. India is also predicted to grow its market with a heavy 17 percent growth rate in the years to come. Apart from facilitating and providing market growth and segmentation by a country or region, the report also focused on the on-going electronics trends and the future trends in the coming period. Some of the electronics trends are as follows:
1) Ooutsourcing The Product Design:OEMs or original equipment manufacturers are interestingly moving the design for production and processes for development to EMS (electronic manufacturing service). The design of the product, which was part of the specialized market for designing, is predicted to expand its network and revenue to $157 billion by the end of 2020, as per the TBRC. As per the report, the market is also being contracted to decrease the costs completely and change from being fixed prices to the variable prices. Electronic Manufacturing Services organizations are providing more design based services for finished products and sub-assemblies. Original Equipment Manufacturers are also linking with EMS organizations and creating new models like the JDM (joint design manufacturing) and channelling the ODM (outsourced designed manufacturing).
2) Automation and Robotics:
Majority of the electronically enabled organizations are using automation and robotics to enhance the productivity and efficiency. Sensors are currently being deployed in other machines to ingress a large amount of valuable data for enhancing efficiencies and decreasing the potential breakdowns. For example, as per a report prepared by BCG back in 2016, nearly 1.2 million industrial robots are forecasted to be positioned in various industrial sectors by the end of 2025, while the electronic equipment is forecasted to surpass $2.1 trillion by 2020, thereby predicting a demand in the robotics technology and automation to revamp the process or productivity and decrease down the cost of production. 3) The process of VR in Electronics Manufacturing: VR technology now is being embraced by plenty of electronic manufacturing organizations to upgrade the effectiveness of manufacturing. This technology in the electronics manufacturing industry is at times regarded as a digital stimulation, design, and integration. VR based technology enables the organizations to check-up on different design objects at imaginable scales, therefore deleting the defects in the product during the process of designing. Monitoring the growth rate of the electronics and electronic equipment market all over the world, which according to TRBC is valued to be around 5.2 percent, VR based technology has a huge execution scope during the predicted period.
Key Players: Some of the key players in the electronics and electrical industry are as follows: