The automation and electronics industry is one of the leading manufacturing sectors in all industrialized and industrializing countries of the world. Due to its pervasive applicability, the industry is strongly linked to macroeconomic conditions and is also considered an important indicator of the health of an economy. Growth and development in the industry has an impact on other end-user industries such as consumer electronics and computers and due to these strong linkages, trends in this industry are closely monitored. The economic health of a country has a strong influence on any industry and hence it is essential to study current and future economic trends to identify the available and potential growth opportunities.
The automation and electronics industry in Malaysia is a dynamic one and is expected to witness significant growth in the future. This projected growth can be attributed to a combination of factors such as stable economic development in Malaysia as well as throughout the world. In 2005, the country registered growth in excess of 5 percent with most economic indicators showing positive trends.
Favorable policies formulated by the Government are also expected to contribute to the growth of the automation and electronics industry. The Malaysian Government has consistently supported the industry by framing specific policies to attract foreign investment and promote private investment. Malaysia is also well on its way to becoming a knowledge-based economy. This is expected to open up exciting growth opportunities for industry participants.
Frost & Sullivan's Automation and Electronics Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its automation and electronics industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps in identifying new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors as well as conduct a more in-depth micro research.
