Outsourcing Of Product Designs In The Global Electric Lighting Equipment Manufacturing Market

The electrical and electronic manufacturing industry comprises establishments that are involved in manufacturing of equipment such as electric motors, primary and storage batteries, generators, semiconductors and household appliances.

The electrical and electronics manufacturing market in this report is segmented into electrical equipment, electronic products, and navigational, measuring, electro medical and control instruments manufacturing.

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The global electric lighting equipment manufacturing market has been growing in the past years with a CAGR of almost 4%. The year 2017 recorded growth in this market with a net market value more than 14% higher than that of 2013, as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global electric lighting equipment manufacturing market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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OEMs are increasingly moving product design and development processes to EMS partners. Product design is being outsourced to reduce overall costs and shift from fixed costs to variable costs. EMS companies are offering more design services for sub-assemblies and finished products. OEMS are collaborating with EMS partners and moving into new models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM). JDM model is further divided into high touch JDM and low touch JDM. High touch JDM is limited to DFx and valor analysis, whereas low touch JDM include board design and development. ODM model focuses on qualification and system integration testing, thus indicating a shift in electronic equipment manufacturing process.

Companies included in the report are General Electric Corporation, Panasonic Corporation, and Philips.

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