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Electronic Growth Driven by Smartphones and Tablets

By: Emma Packford-Garrett
Posted: 29th October 2013
Category: General Blog Posts

Smartphones and tablets, most of us own either one or both. Personally, I would struggle without a Blackberry and I don’t know what I would do without my Kindle. (How else can you take a library of books away with you whilst only using the space of a single paperback?) Both these gadgets have almost rendered my dear laptop redundant and I am sure that I am not the only one that feels this way either. The electronics market as a whole seems to be in agreement with me.

Our fondness for such gadgets has resulted in the worldwide electronics industry coming back with a moderate growth. The period of December 2012 and January 2013 showed a 3.8% growth in direct correlation to that of the previous year whereas the previous year to year figures showed a decline. Where the PC was a major factor in the semiconductor and electronic industry for the past 3 decades the growth has been stagnant over the last 2 years. PCs are slowly being displaced in the market by tablets as well as creating their own market at the same time. Since Apple’s iPad encouraged the current wave of tablets in 2Q 2010 shipments grew to over 50 million units in 4Q 2012.

The other major force behind the growth in industry is mobile phones. Smartphones are culpable for growth, whilst production of basic phones declined by 15%, smartphone production grew by 41%and is set to grow a 7.3% year over year from 2013. Smartphones have greater semiconductor content than that of basic phones in turn aiding to the growth of the semiconductor market. It is being advised that by the end of 2017 smartphones will represent virtually all of the mobile phone market in many of the most developed economies in the world.

With an expected continual economic growth in the industry over the next few years it is reckoned that the key elements will be smartphones and tablets. So accept your new upgrade and allow yourself the gratification of helping the growth of the electronic industry in doing so.