With the global economy moving out of recession led by the impact of the various
The electronics industry in Western Europe is expected to rebound in 2010 after the sharp downturn in 2009 driven by government stimulus packages and returning consumer confidence.
This is the headline message from the latest industry survey by Reed Electronics Research (RER).
In 2009 electronics output, according to Reed Electronics Research’s annual survey of the region, is estimated to have fallen by 14.0%.
“The recovery is expected to gain momentum in the second half of the year as corporate investment picks up, although confidence remains fragile with considerable downside risks,” says the RER report.
West European Electronics Production - % Growth by Sector 2009-2013
Source: Reed Electronics Research
Higher margin product areas such as medical, industrial, aerospace & defence, renewable energy and high-end comms will drive the recovery.
“Automotive, as it recovers from the almost unprecedented decline in vehicle production, will once again be a key driver in particular in Germany,” said RER.
As a result electronics production in Western Europe is expected to stabilize with low single-digit growth in the period to 2013 when electronics output will reach Euro 151 billion.
Equipment will account for 76% of the total at the end of the forecast period and components 24%.
For further information contact andrew.fletcher@rer.co.uk or visit www.rer.co.uk.