DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/8bb0f8/assessment_of_elec) has announced the addition of Frost & Sullivan's new report "Assessment of Electronics Industry in Southeast Asia" to their offering.
Government Strategies Provide a Leg up for the Electronics Industry in Southeast Asia
Proactive government initiatives coupled with the presence of state-of-the-art infrastructure and an efficient workforce is fuelling growth in the electronics industry in Southeast Asia. In recent years, many companies have expanded their operations by setting up manufacturing centres in this region to make the most of its low labour and production costs. The electronics industry is a major contributor to the gross domestic product (GDP) in Singapore, Malaysia and Thailand and it is expected to continue its upward growth trajectory until 2017. For all major economies in the Southeast Asian region, budget allocations for the electronics industry are significant. Singapore, Malaysia and Thailand have a very dynamic trade infrastructure and have signed free trade agreements (FTAs) with major trading countries, notes the analyst of this research service. The import tax tariff rates for electronic goods in these countries are highly competitive and the tax rates are eased or lowered by the government to enable the electronics industry to thrive.
Although the prospects for the market look upbeat, there are some challenges stalling forward momentum. The lack of initiatives and limited investments in skills development in countries such as Malaysia and Thailand are impediments to growth. Most of the workforce in the electronics industry in Malaysia and Thailand are diploma holders or certified technicians. The percentage of the Malay and Thai workforce with significant engineering capabilities and research skills is lower than Singapore's. Going forward, Malaysia and Thailand need to roll out skills development programmes within the electronics cluster to boost the prospects for this market, concludes the analyst. Focusing on promoting research and development within the engineering community will enhance the capabilities of the workforce, leading to growth in the overall electronics industry.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Semiconductors
- Consumer electronics
- Electronic components, peripherals, personal computers (PCs), hard disk drives (HDD), storage
By Geographic Region:
- Singapore
- Malaysia
- Thailand
Key Topics Covered:
1. Executive Summary
2. Total Southeast Asia Electronics Industry
3. Singapore Electronics Industry
4. Malaysia Electronics Industry
5. Thailand Electronics Industry
6. Strategic Conclusion
7. About Frost & Sullivan
For more information visit http://www.researchandmarkets.com/research/8bb0f8/assessment_of_elec