Contract electronics segment could expand in 2013

Electronics stores supply shoppers with state-of-the-art gadgets, and these outlets could enjoy significant profits in 2013 if industry analysts' predictions hold true. According to Venture Outsource, contract electronics industry experts are predicting $404.5 billion in profits for segment manufacturers and suppliers this year - a 4.5 percent year-over-year increase. 

Additionally, industry leaders expect major gains for the industry over the next several years. In the next three years, contractor electronics segment revenues could reach $451.9 billion, but industry firms may still seek support from a wide range of talented professionals. 

Car manufacturers are embracing state-of-the-art electronics to improve their automobiles and provide innovative models to clients around the world. Embedded Computing Design notes that worldwide car sales increased 6 percent in the first six months of 2012 thanks in part to world-class electronics that have been instrumental in the automotive segment's success since the 1980s. 

If electronics industry companies employ trained, experienced professionals, these businesses could become global leaders. A number of industries can benefit from top-notch electronics, and firms that supply quality devices to buyers can enjoy long-term success. 

Content provided by executive search organization, MRINetwork.