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Economic 360 for Indonesia: Growth Prospects and Emerging Opportunities in the Electronics Industry
Frost & Sullivan, Feb 2011, Pages: 73
Indonesia is a democratic county with stable political system. The economy was relatively resilient during the financial down turn and is expected to remain stable during the forecast period. Indonesia is a regional production base for a number of electronic products. Along with fulfilling the fast growing domestic demand, electronics industry in Indonesia also exports a significant amount of goods. Rising incomes and low labor costs are expected to be the key drivers of the electronics market. Increasing demand for PC’s & smart phones and new government incentives for the electronic component sector present growth opportunities for this industry.
Research Overview
The electronics industry has been at the forefront of economic development and has been accorded high priority by governments in developed and developing countries. The escalating demand for consumer electronics, hardware and audio-video devices has raised the profile of the industry in world economies. The United States, Japan and the European Union, which are renowned for manufacturing electronic goods commodities, play a significant role in electronics trade. Meanwhile, Latin America and the Middle East have nascent electronics industries, and are dependent on imports. The electronics industry is highly dynamic and is typified by continuous innovation and product development. This, in turn, has led to a surge in demand from countries with low production potential. Electronics such as semiconductors and integrated circuits are gaining traction in tandem with consumer durables.
Indonesia is a regional production base for many electronic products. Apart from fulfilling the fast-growing domestic demand, the electronics industry in the country also contributes significantly to exports. The country’s accession to the World Trade Organisation (WTO) has created a favourable environment for electronics trade and domestic manufacturing. This, coupled with a convenient demographic structure, is fostering the growth of the electronics industry. Indonesia’s strong dependence on its domestic market and astute monetary and fiscal policy measures to control budgetary deficits and inflationary pressures helped it tide over the global economic downturn. These robust economic fundamentals are reflected in the growth of its electronics industry, which is characterised by a well-developed consumer electronics sector and an emerging electronic components sector. The country’s intense competitiveness in the household electronics sector, along with rising incomes and low labour costs, is expected to boost investments in the industry. The escalating demand for PCs and smart phones and new government incentives for the component industry are further promoting investments. A conducive policy environment, burgeoning electronics demand, substantial potential for the manufacture of consumer durable goods and availability of a large labour pool will help create an advanced electronics industry in Indonesia.
Frost & Sullivan’s Electronics Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its electronics industry. Apart from 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.
Benefits
The following benefits are offered by this research:
Identify New Market Opportunities
The trends of the economic environment of Indonesia have been analysed along with their impact on the electronics industry. This analysis will provide valuable information to industry participants on opportunities in specific sectors of the industry.
Comprehend Future Industry Trends
The research service gives an insight into Indonesia’s electronics industry, discusses its dependence on the prevailing economic scenario and describes the various infrastructure developments in the industry. This will enable participants to gauge the future direction of the market and help them devise appropriate strategies to improve their share.
Understand the Economic Environment
A detailed analysis of the economic framework of Indonesia’s electronics industry provides insights into the economic parameters as they exist and the future direction of the same. This is particularly beneficial in the case of the electronics industry, as these economic indicators form an important criterion for industry performance.
Devise Country Entry Strategies
The research service provides valuable information and analysis of the strengths and weaknesses of the economy of Indonesia, which are relevant to the electronics industry. This is particularly useful in devising country-specific strategies for industry participants.
Evaluate Industry Segment Potential
This research service is focused on the electronics industry in Indonesia with detailed coverage of the economic and infrastructure indicators affecting the industry and their future direction. It provides both country and industry trends and forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will also help corporate planners in developing accurate business plans.
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