The Consumer Technology market is composed of organizations involved in the manufacture, design and development, assembly, and servicing of consumer technology equipment and components including mobile, communication devices, business equipment, appliances, electronics, computers, etc.
Consumer Technology is one of the fastest evolving and most innovative industries and also one of the most competitive. The research and development of new, superior products is of significant importance in the consumer technology market. The growth is also characterized by the improving purchasing power of individuals across emerging economies coupled with the growing penetration of energy-efficient appliances. The rapid proliferation of wireless technologies such as Wi-Fi, NFC, and Bluetooth, provides ample growth opportunities to the consumer electronics market. The focus on customer convenience and the enhancement of the user experience are encouraging the vendors to introduce latest features and technologies in the devices.
One of the ways the consumer technology manufactures have found that they can handle this growth is with strategic partnerships. In a June 2016 report, PricewaterhouseCoopers (PwC) discusses the evolving technology equipment manufacturing landscape, noting that contract manufacturing is undergoing a shift. As original equipment manufacturers (OEMs) increasingly outsource product design and development to electronics manufacturing services (EMS) partners, they are able to reduce overall costs as well as shift fixed costs to variable costs, a key benefit in the race to control manufacturing costs. (Trey Cooper)
Consumer Technology manufacturing are facing many different challenges and opportunities in this market. They will need to find ways to balance controlling costs, meeting customer demands to become energy efficient, produce new technologies and develop eco-friendly electronics. Staying ahead of the major trends is important for survival in this competitive market.
Key Trends and Challenges Impacting the Market:
- Green Electronics – Regulations/Certifications
- Energy Efficiency Products
- Strategic Partnerships
- Logistics and Agility
The Wiring Harness Manufacturer’s Association Manufacturer Members are aware that the consumer technology market wire harness needs may be standard or custom. WHMA’s Manufacturer Members will have the capabilities to provide a wide range of wire assemblies to meet diverse applications. Many of the features in the wire harnesses are high conductivity, optimum finish and uniform thickness.
WHMA’s Manufacturer Members are recognized in the Cable and Wire Harness Industry through their understanding and practice of the “IPC/WHMA-A-620 Standard” – the worldwide benchmark for quality workmanship. By choosing one of WHMA’s Manufacturer Members to design your wire harness will give you the confidence that you are getting an experienced wire harness manufacturer who has an understanding of industry standards and regulatory requirements and will be a valuable partner for your business.
Benefits to the Electronics Market:
- Quality Control
- Compliance to ISO and Regulatory Requirements
WHMA’s Consumer Technology
Absolute Quality Mfg
American Cable & Harness
American Precision Avionics
Cord Master Engineering Co., Inc.
Custom Cord & Harness Assemblies
Delta Group Electronics
E C Linc
Fin-Con Assembly Grp
Galaxy Wire & Cable
InterConnect Wiring, L.P.
Mfg Resource Group
Marsh Electronics Inc.
Michael Stephen Mfg
Miracle Electronic Devices
Omnetics Connector Corp
Specialized Harness Prod
Sunflower Electrical Sys
Tech Allied Products