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Electrical & Electronics

Overview of the industry

The electrical and electronics industry is a novel yet high-value and high-revenue segment. It focuses on producing electrical and electronic wares. Examples include communication equipment, components, computers, etc. It also features services related to such products. These include repair, distribution, marketing, development, research, etc. It results in a sector that spans over 18 million professionals.

Is the sector of high value?

As mentioned, it is a high-value and revenue-generating sector. For instance, it has recently reached a market value of $3.5 trillion. The segment has such high value because of several reasons. Among them is its extensive inter-sector network. Many industries rely on it. For instance, its wares are vital to the telecommunications, healthcare, and transportation sectors. This also applies to the defense, food, consumer goods, construction, and pharmaceutical industries. Likewise, it is vital for the energy, entertainment, chemistry, IT, and oil industries.

Is the sector innovative?

It is a segment that is driven and inspired by the latest innovations. It is due to the continuous requirements for new wares. Novel solutions are often presented at trade expositions. These are held every one to two years. They take place in countries such as the Federative Republic of Germany and the Kingdom of Spain. They also occur in the French Republic, Turkey, and the Swiss Confederation. Likewise, they are held in the Italian Republic and Taiwan. Such trade events attract hundreds of thousands of participants.