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E L I T E C H A N N E L PA R T N E R simulation@rand.com | RandSIM.com | 888.483.0674 Trends in Electronic Manufacturing and their Impact on Businesses Trends Impacting Electronic Component Manufacturers According to a Frost & Sullivan study of the EMC Market, "The rising density of electronics-based products due to the emergence of concepts such as digitalization, smart homes, connected devices for IoT is intensifying the demand for electromagnetic compatibility (EMC) test equipment, design software, and testing services." These are the current trends: 1. Electrification – When people think of electrification, they think of electric vehicles, but it goes further than that. It is the electrification of anything that was combustion engine driven or the electrification of things that can be automated. 2. Autonomous Systems/Safety – The number of sensors necessary for autonomous systems to function is growing and the sensors are getting more and more complex. 3. Connectivity – There is a dramatic acceleration in the number of network-connected devices to meet the demands of people who want to be connected at all times. 4. Privatization of Space – It has been predicted that in the next five years, more items will be launched into space than have been launched in the history of mankind. Many will be launched by private entities. 5. Miniaturization of Electronics – Companies are getting more and more power into smaller spaces. 6. Supply Chain Disruption – For many companies, traditional supply chain strategies and procedures don't align with today's reality. The Impact of Trends on Business More electronic components mean more required testing. Getting time in the testing lab can be difficult, and if a product fails, the cost to redesign, rebuild, and retest can be astronomical, not to mention frustrating to the engineering and manufacturing teams, leadership, and investors. Companies that find design problems early have a strong advantage over those that don't. They save time and money, reduce time spent in testing labs, get better products to market faster, and create a more enjoyable work environment for employees. Here's an example of how finding a problem in the Ford Mustang Mach E after the car was on the market cost the company an estimated $2 billion in profits in 2023: On a call with investors, Jim Farley, the CEO of Ford said, "We didn't know that our wiring harness for Mach-E was 1.6 kilometers longer than it needed to be. We didn't know it's 70 pounds heavier and that that's [cost an extra] $300 a battery. We didn't know that we underinvested in braking technology to save on the battery size."

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