The Canadian electronics industry is composed of hundreds of products including phones, accessories, medical equipment’s, toys, games, computer, accessories, musical instruments, baby items, telephones, internet routers, communications and satellites, industrial electronics, and other consumer and industry products which are being assembled by hundreds of companies. The industry has seen a big dip after the fall of Blackberry but now due to the rising global demand and innovation, there has been a large untapped sector where the industry is currently heading and provides numerous opportunities to existing manufacturers to up their game a bit. The current figures of this industry stand somewhere around CAD 13 billion which is expected to reach CAD 15 billion till 2030.
Growing Opportunities for Electronics in Canada
The greatest opportunity Canada has is the growing number of fantastic research institutes and Universities that continue playing their part in bringing cost-effective solutions and new innovations in technology to the table providing a competitive edge for Canadian electronics manufacturers. The institutions and education play a dominant role in reshaping the growing electronics industry and is a key to enhancethe Canadian exports in the emerging markets. The most prominent sub-industry is the medical equipment which has always been resistant against all odds faced by the sector. Other key areas including aerospace technology for the building of better satellites and automobile industry which also includes electronics and is expected to further boost the industry’s growth. The overall growth expected is nearly 4 percent annually until 2030.
The emerging markets also provide an important destination for Canadian electronics manufacturers to target. These emerging markets are moving up in their living standards and therefore, have more demand for cheaper, innovative, and sustainable technological solutions. Apart from this, printable electronics is another dimension of this industry where Canada is focusing. Printable electronics are different from traditional silicon-based electronics manufacturing which require a lot of investments and therefore, not readily available for low-cost startups whereas printable electronics take lead here. Most of the manufacturing companies engaged in printable electronics are constantly looking to cut costs, increase efficiency and to introduce new technology with innovation to segregate themselves from others.
Electronics Trading Through Online Channels
The consumer electronics and also electronics used by professionals were generally better sold through traditional retail channels until the introduction of classified websites. These classified websites provide an efficient platform to be able to market new or used electronics, arts, antiques, bikes, business, clothing, free stuff, furniture, garage, shops, household items, jewelry, accessories, sports items, tools, tickets, coupons and other equipment which can be traded swiftly online. CatchFree.ca is a similar website which provides free classifieds ads in Canada and is able to reach out to far-fetched destinations in Canada. The website specializes in electronics and is considered one of the busiest and popular sites dealing in classifieds Canada. CatchFree.ca exclusively presents unbeatable offers through which users can trade with confidence without having to worry about scams and their personal identity. The website constantly maintains a secure layer by filtering out unrelated posts that enhance user experience altogether. Visit CatchFree.ca now and start trading through Canada’s favorite online buy and sell site.