The industry has endured difficult conditions over the past five years. Low-cost producers across Asia and lower demand stemming from falling downstream manufacturing levels have contributed to industry declines. Industry revenue is projected to fall by an annualised 5.0% over the five years through 2014-15, as industry firms move production offshore and domestic demand weakens. In 2014-15, industry revenue is estimated to contract by 3.8% to $1.4 billion.
Revenue declines over the past five years have reduced industry enterprise and establishment numbers, as businesses moved operations offshore or exited the industry.
Companies in the industry are predominantly engaged in the manufacturing of a wide range of audio or visual equipment, components and receiving sets; sound reproducing and recording equipment; radio and television parts, components and receiving sets; earphones and headphones; and other electronic equipment, parts and components.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.