Industry Analysis & Industry Trends
Industry Report - Starting a New Business Chapter
Overall, this industry has medium barriers to entry, with the largest barrier being the capital investment required to manufacture these devices. As Chinese manufacturing grows increasingly cheap, however, this barrier has receded. Nonetheless, this industry still demands significant investments in R&D to develop workable products, as well as considerable marketing muscle to gain recognition over firms with established positions in adjacent industries such as light bulb and fixture manufacturing. Furthermore, new entrants will have to compete with those firms' seasoned supply chains and inventory management systems... purchase to read more