Market Research Report
The Yearbook of World Electronics Data: Volume 1 - West Europe 2018
|Published by||Reed Electronics Research||Product code||235235|
Delivery time: 1-2 business days
|The Yearbook of World Electronics Data: Volume 1 - West Europe 2018|
|Published: April 1, 2018||Content info:||
Stronger growth in both the global and European economies resulted in output strengthening throughout 2017 and this momentum should carry through into 2018. In 2017, the shortage of components held back growth and although the situation is expected to ease it will continue to have a dampening effect during the year. Based on current indicators we are forecasting growth in electronic equipment output of 2.6% in 2018 before easing to 1.8% in 2019 and then accelerating to 2.3% and 2.6% in 2020 and 2021, respectively. By the end of the forecast period electronics equipment production in Western Europe is forecast to reach Euro 126.9 billion, up from an estimated Euro 115.7 billion in 2017.
Risks related to the outcome of Brexit negotiations remain, as do downside risks associated with geopolitical tensions and a shift towards more inward looking and protectionist policies and in particular the prospects of a global trade war as tensions between the US and China escalate.
Since the global crisis in 2009 growth in electronics equipment production has been driven by the industrial segment, a trend which will continue over the period to 2021.
Industrial - control and instrumentation, medical and industrial - accounted for 58% of electronics equipment output in 2016 with this forecast to increase to 61% in 2021.
The production of communications equipment, including defence, declined in 2017 but is forecast to increase in 2018 and then gain momentum over the period to 2021.
In 2016, the production of electronic components in Western Europe amounted to Euro 38.1 billion, 24.9% of overall electronics production, output increased by 4.1% during the year on the back of rising demand and the ramp-up of production at Intel's wafer fab in Ireland.
Of the total in 2018, active components accounted for 56%, passive 35% and other 9% while Germany accounted for the largest share of production at 35%, followed by France 15%, Italy 10% and the UK 8%.
Published since 1973 the Volume 1 of the Yearbook of World Electronics Data provides:
45th Edition, providing:
16 countries covered:
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