Industry Analysis & Industry Trends
Revenue for the Smart Phone Manufacturing industry in China has been increasing at an average annual rate of 53.9% in the past five years. In 2014, revenue is expected to grow 21.2% to $68.9 billion, mainly driven by increased exports and growing demand for third and fourth-generation (4G) smart phones. Exports are estimated to account for 86.3% of industry revenue in 2014.
With the rapid development of 3G technology, the abundant smart phone product portfolio, and competitive product pricing, demand for smart phones has been growing strongly. In late 2013, the Ministry of Industry and Information issued 4G licenses to China Mobile, China Unicom and China Telecom, further spurring demand for smartphones and the development of the industry.... purchase to read more
Industry Report - Starting a New Business Chapter
Since the Chinese government replaced licensing requirements with a registration process in 2005, restrictions on smart phone manufacturing have been reduced. However, due to the high technology and capital requirements, as well as increased homogenization among products, entry barriers to the industry remain high.
In the Smart Phone Manufacturing industry, current players have an absolute cost advantage over potential entrants. As the requirement for production materials and manufacturing technology is high, advantages brought by economies of scale are significant. Suppliers also prefer to supply to larger manufacturers, making it difficult for new entrants to purchase components... purchase to read more