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The electronic equipment manufacturing industry is classified into two major categories: electronic products manufacturing and electrical equipment manufacturing. The scope of the electronic equipment industry is not limited to mass market consumer products like televisions, personal computers or smartphones etc., but also includes embedded electronics in IT infrastructure, telecommunications equipment, the automotive, military and aerospace equipment, and medical equipment industries.
The total value of the electronic equipment sector globally in 2015 was $XX billion. Related to a world population of more than XX billion in 2015 this equates to about $XX per person globally. Given that World Domestic Product was approximately $XX trillion in 2014, the market makes up about XX% of the global economy.
The demand for professional electronic equipment is expected to increase in the coming decade. According to a report on world electronic industries (2012 – 2017) by DECISION, the rapidly increasing need for security, rising defense budgets in the developed nations and high demand for air travel, is expected to drive the demand for electronic equipment used in the defense and aerospace industry.
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