• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power
Aerial view of the First Philippine Industrial Park in Santo Tomas, Batangas

Country insight: Philippines economy ‘entering golden age’

April 16, 2018 by Sam Francis

The Philippines is a large, archipelagic country located approximately 3,000 kilometres from China.

Its population numbers more than 100 million and its main two ethnic groups are Visayan and Tagalog, each of which accounts for around 30 per cent of the population.

The other eight or so sizeable ethnic groups go from around 10 per cent to 1 per cent of the population. 

The Philippines’ estimated total nominal gross domestic product for 2018 is almost $400 billion, which obviously works out to be $4,000 per person.

This makes the country’s economy the 34th largest in the world.

And while it has been making headlines because of its controversial president, Rodrigo Duterte, the country is generally thought of as stable, and a good place to establish businesses.

The Philippines economy is forecast to grow at around 7 per cent a year this year and next, and according to the Philippine Star, the Asian Development Bank says the country is entering “a golden age for economic growth”.

Among the reasons for the optimism is the way the Philippines has embraced new technology.

In its report, Asian Development Outlook 2018, the ADB says that more than half of all new types of jobs in the Philippines – and India and Malaysia – have been created in the information technology sector.

The ADB adds that consumer optimism in the Philippines is rising along with expectations for improved peace and security, as well as hopes for the government’s newly announced investment in infrastructure and affordable housing.

And while industrial production has remained relatively stable, the predicted increase in consumer spending is expected to combine with government investment to drive growth in some sectors.

It may be largely an agrarian society, but the Philippines’ biggest export earnings are from high technology.

The semiconductor and electronics products sector, for example, seems to be the Philippines’ largest exporter.

The country’s total annual exports generate about $60 billion revenue a year.

The leading categories of exports are:

  • integrated circuits, which accounts for 40 per cent of export revenue;
  • analogue or hybrid computers, accounting for around 7 per cent; and
  • diodes, which account for around 5 per cent.

The Philippines is described as a newly industrialised nation, but its electronics exports have increased from basically nothing 20 years ago to a record $33 billion in 2017, as calculated by the Semiconductor and Electronics Industries in the Philippines Foundation Inc (Seipi).

Even more ambitious plans are being developed for this critical industry to generate $40 billion a year by 2025 and $50 billion in 2030.

Industry leaders say this can be achieved by adding services to the electronics products.

Seipi president Dan Lachica told the Philippines Star: “On one hand, we can continue what we are doing like the normal expansion with the normal evolution of products, but that hasn’t really taken us much beyond $30 billion.

“So what we would really like to do is to infuse giving new services to bring that to $35 billion, $40 billion and beyond.”

Exactly what those services will be are probably the subject of much debate and discussion, but one of the fastest-growing sectors for electronics products and services globally is manufacturing because of the growing levels of internet connectivity.

Machines new and old are being connected to what’s called the industrial internet of things and generating a variety of data, most crucially perhaps about its condition and performance.

This has enabled the monitoring and management of large numbers of machines from a central location in a highly efficient way, even enabling predictive maintenance – addressing problems that the machine may be having before it causes a total failure of the entire production process.

The industrial sector in the Philippines employs approximately 15 per cent of the 40 million total labour force but generates around 30 per cent of GDP.

Manufacturing output has been increasing steadily over the past few months because exports have been rising.

Global increases in the prices of raw materials may undermine some of the growth going forward, but according to economic analyst IHS Markit, “firmer sales prompted Filipino factories to scale up production”.

Scaling up, or increasing, production usually means more investment in robotics and automation, and manufacturers will be surveying what’s available on the market at trade shows such as Manufacturing Technology World.

Manufacturing Technology World is actually more than one trade show – it’s a series of three events in three different cities in the Philippines: Manila, the capital, Cebu and Davao.

Each one will feature a broad range of technologies which are used in manufacturing, and this year the organisers have added two new segments:

  1. Automation & Robotics; and
  2. Fluid Power.

In the Automation & Robotics segment, the show will feature the following technologies:

  • assembling systems and industrial robots;
  • assembly and handling systems;
  • automation systems, equipment and components;
  • connection / interface technology;
  • factory automation machinery;
  • image processing sensors;
  • industrial automation equipment;
  • lasers and related technology;
  • linear drives;
  • process analysis technology;
  • robotics and system integration; and
  • other technologies.

The Fluid Power segment is divided into four sub-categories, along with relevant technologies in each, as follows:

  • Industrial hydraulics: accumulators, actuators, clamps, conductors & connectors, fittings (adapters), feedback devices, gauges, heat exchangers, program sequencers, control (electronic) & software, filters, hydrostatic drives, industrial hydraulic safety products, plugs, power units, pumps, seals, valves-control.
  • Mobile hydraulics: reservoir, shaft couplings, shock absorbers, switches, cylinders, brakes (spring/hydraulic/multi-disc), conductors & connectors, portable filters, manifolds, mobile hydraulic safety products, variable placement pumps, lip seals, regenerative valves.
  • Water hydraulics: bladder accumulators, fluid maintenance, fluids, power take-offs, power units, pumps and gears.
  • Pneumatics: actuators/cylinders, grippers, air preparation components, after coolers, clamps, fittings, gauges, manifolds, motors, mufflers, switches, tubing, vacuum products, valves.
  • Registration for all three events is now open and last year, the show hosted approximately 400 companies and 22,000 registered trade visitors.

The organising company, Global Link, says: “Manufacturing Technology World is the largest and most comprehensive manufacturing technology trade show in the Philippines featuring Agritech Cebu and Davao; Metal, Hardware and Woodmach; and Philtronics [Philippines electronics].”

The venue for the show will be convention centres and hotels, while most of the high-tech and innovative companies are generally based at locations such as the First Philippine Industrial Park in Santo Tomas, Batangas (main picture).

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Features Tagged With: electronics, exports, philippines, semiconductors

Join the Robotics & Automation News community

Primary Sidebar

Latest articles

  • Visteon and Steradian partner to develop autonomous car functions
  • Hyundai launches delivery robot pilot programs
  • BMW unveils first battery cell coating line at Leipzig factory
  • Interactive cyber-physical human: Generating contact-rich whole-body motions
  • Robotic nursing assistant market set to expand 15 percent a year through to 2032
  • Bin-picking systems market forecast to grow to $5.6 billion by 2033
  • Material handling robot market predicted to grow to $13 billion by 2033
  • Ottonomy unveils new delivery robot
  • ABB robots help tackle Covid by automating testing, research and diagnostics
  • Svaya Robotics launches ‘India’s first collaborative robot’

Most Read

  • Foxconn plans to build autonomous vehicles on Nvidia computing platform
    Foxconn plans to build autonomous vehicles on Nvidia computing platform
  • Manufactured in the metaverse: Mercedes-Benz designs virtual factories with Nvidia Omniverse
    Manufactured in the metaverse: Mercedes-Benz designs virtual factories with Nvidia Omniverse
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants
    UPS and Gap units partner to offer ‘unmatched automation and supply chain capabilities’ to apparel merchants
  • Kuka unveils new compact autonomous mobile robot for intralogistics
    Kuka unveils new compact autonomous mobile robot for intralogistics
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • Top 20 programmable logic controller manufacturers
    Top 20 programmable logic controller manufacturers
  • Thermo Fisher Scientific partners with Celltrio to build fully automated cell culture system
    Thermo Fisher Scientific partners with Celltrio to build fully automated cell culture system
  • DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks
    DHL becomes first to install Boston Dynamics’ Stretch robot to unload trucks

Overused words

ai applications automated automation automotive autonomous business china companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse

Secondary Sidebar

Latest news

  • Visteon and Steradian partner to develop autonomous car functions
  • Hyundai launches delivery robot pilot programs
  • BMW unveils first battery cell coating line at Leipzig factory
  • Interactive cyber-physical human: Generating contact-rich whole-body motions
  • Robotic nursing assistant market set to expand 15 percent a year through to 2032
  • Bin-picking systems market forecast to grow to $5.6 billion by 2033
  • Material handling robot market predicted to grow to $13 billion by 2033
  • Ottonomy unveils new delivery robot
  • ABB robots help tackle Covid by automating testing, research and diagnostics
  • Svaya Robotics launches ‘India’s first collaborative robot’

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

April 2018
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Mar   May »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT