The booming electronic industry in Indonesia is the most active electronic market in ASEAN. The Indonesia International Electronic Components, Equipment and Technology Exhibition INATRONICS is hosted by the well-known exhibition company GEM INDONESIA in Indonesia and supported by the AEIS Singapore Electronics Industry Association and relevant government units in Indonesia. It is the only international electronic equipment, components and technology exhibition in Indonesia. INATRONICS is the most representative exhibition of electronic equipment, components, and technology in the local area. In 2023, it will gather 650 exhibitors with an exhibition area of 15000 square meters, attracting 20000 professional buyers from around the world to visit, making INATRONICS the best shortcut for global electronic manufacturers to enter the Indonesian market. MYSUN has invested a large amount of research and development funds in recent years, expanding its product line, and making the new energy industry a new direction for the company's business growth in the next 10 years. As an emerging market in the new energy industry, MYSUN has identified Indonesia as the first stop for vigorously expanding the overseas market of new energy wires and cables.
Indonesia has a population of 240 million, and the domestic consumer market has great potential. Industry insiders say that television and mobile phones are currently the top two imported 3C electronic products in Indonesia. Mr. Rachmat, Managing Director of the Indonesian Electronic Association, stated that a well-known multinational electronic product manufacturer has increased its capital and set up assembly plants in Indonesia. In addition to selling in Indonesia, it has also utilized the advantages of the ASEAN Free Trade Agreement (AFTA) to expand into neighboring country markets. In addition, Indonesian manufacturers have also begun to develop their own brands, such as Polytron, Cosmos, Miyako, and Sanken, all of which have good reputation. Most of these manufacturers have transformed from early agents to assembly plants or self developed manufacturing, rapidly expanding domestic channels and markets with their own brands.