India has huge potential to become the second-largest smartphone market in the world. While smartphone penetration is still limited in India at the current stage, there is an enormous opportunity in the country as its 1.31 billion population is only less than that of China. In 2014, smartphones accounted for only 16.6% of the total mobile phone shipments in India.
LED manufacturers are branching into the niche application markets as the competition in their industry expands. Currently, entering the automotive LED market is regarded as a blue ocean strategy because the market has relatively few contestants and allows for higher pricing. According to the latest Gold Member Report – 2016 LED Market Demand and Supply Analysis by LEDinside, a division of TrendForce, the worldwide market value of exterior automotive LEDs for 2015 is expected to reach US$1.21 billion.
Revolutionary advances in information and communication technology (ICT) have led to the explosive growth of mobile devices and brought about the age of the Internet of Things (IoT). These developments also led to a massive overhaul of the manufacturing sector that is based the principles of “Industry 4.0”. As of now, countries have showcased their respective Industry 4.0/digital manufacturing initiatives – the U.S., Germany, Japan and others – are still in the exploration stage in terms of solutions and products offered by their industries. Mass commercialization has yet to take place.
