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Article: Frost & Sullivan: Lower Import Duties and Rising Customer Demand to Boost Russian Electronics Manufacturing Market.(Industry overview)
- Article from:
- Leisure & Travel Week
- Article date:
- June 13, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Russia has been looked upon as an unfavourable market for electronics manufacturing by foreign electronics manufacturers in the past. This negative perception has been in spite of the country's cost-competitive advantages as well as its growing domestic market. However, liberalisation coupled with heightened demand from key end-user segments such as consumer electronics is aiding the growth of the electronics manufacturing market in Russia.
New analysis from Frost & Sullivan (http://www.smt.frost.com/), Russian Electronics Manufacturing Markets, finds that the market earned revenues of $1.85 billion in 2008 and estimates this to reach $4.91 billion in 2015. The ...