IBISWorld Report Indicates Revenue for Mobile Communications Equipment Manufacturing Industry in China to Reach $85.11 Billion by 2016
A report from IBISWorld, a market research organization which specializes in long range forecasting of industries and the business environment, has revealed that total revenue of the mobile communications equipment manufacturing industry in China is expected to reach $85.11 billion at the end of 2016. The revenue of the industry saw a dip at an average annual rate of 1.1 percent from 2006 to 2011. AFter a relaxation in control by the Chinese government in 2003 over the production of cellular phone handsets, the production rates within the domestic market have gone up from 245.9 million sets to an approximate 1.30 billion sets in 2011.
Production of cell phones in the domestic markets saw a decrease in 2008 which then saw a subsequent increase to 617.9 million sets in 2009 based on effective 3G mobile phones promotional campaigns. The total output reached one billion sets in 2010. All of these have impacted expansion within the Mobile Communications manufacturing industry in China.
Products which include mobile communication terminal equipment in addition to GSM mobile phones and CDMA handsets, cellular base stations, as well as handset accessories and a wide range of other mobile communication terminal equipment are manufactured by companies within the mobile communications equipment manufacturing industry in China. Revenue for 2011 was set to increase by 3.2 percent to $74.48 billion which was primarily driven by increase in exports for 3G mobile phones. In 2011 alone, 78.3 percent of the industry revenue was attributed to exports.
Headquartered in Los Angeles, IBISWorld is a market research organization which provides long range forecasts for industries and the business environments. The company delivers detailed database of intelligence data and analysis of 200 Chinese industries. Providing critical market information, IBISWorld enables clients to take optimized business decisions based on enhanced insight of the current and future trends prevalent within the market.
Calvin Azuri is a contributing editor for TMCnet. To read more of Calvin’s articles, please visit his columnist page.Edited by
Rich Steeves