PUBLISHER: Reed Electronics Research | PRODUCT CODE: 1795409
PUBLISHER: Reed Electronics Research | PRODUCT CODE: 1795409
In providing the forecasts for the current study, which were made at the end of July/beginning of August, we have:
As a result, we expect growth in the European electronics industry to strengthen in the second half of 2025 and then gain momentum over the period to 2028. However, as in previous years significant downside risks remain which could still push a sustained recovery into the first quarter of 2026.
In Euro's the production of electronic equipment in Western Europe increased by an estimated 0.2% in 2024 to Euro 131.2 billion, down from growth of 1.7% in the prior year, growth in the computing and communications segments - primarily radar and navigation/defence - offsetting falling industrial output.
Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will increase by 2.2% in 2025, 3.7% in 2026 and then accelerate to 4.0% in 2027 and 4.2% in 2028.
In 2024, the production of electronic components in Western Europe amounted to Euro 49.3 billion, 27.3% of overall electronics production. After two years of double-digit growth electronic component production declined by 2.0% in both 2023 and 2024 on the back of weaker demand and prices normalising following the period of higher prices fuelled by shortages. In 2024, active components accounted for 61.7%, passive 31.9% and other 6.4% while Germany accounted for the largest share of production at 34.9%, followed by Ireland 14.9%, France 14.2%, Italy 11.2% and the UK 5.7%.
The latest edition of Reed Electronics Research's annual survey provides an in-depth outlook for the West European electronics industry through to 2028. Published since 1973 the 'Volume 1 of the Yearbook of World Electronics Data' provides: