Country Reports: Europe

In Euro’s the production of electronic equipment in Western Europe increased by a forecasted 1.0% in 2018 to Euro 117.8 billion and compared to an increase of 2.6% in the prior year and a decline of 1.7% in 2016.

The electronics industry in Western Europe entered 2018 with a strong carry over effect from the previous year, however a slowing economy in both Europe and globally in the second half of the year resulted in slower than expected growth for the year as a whole. As in 2017, the shortages of components held back growth in 2018 although the situation has eased in the first months of 2019 and it is expected that availability of most components will improve over the course of the year. Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will decline by 0.4% in 2019, post growth of 1.5% in 2020 and then accelerate to 2.6% and 2.7% in 2021 and 2022. However, there are significant downside risks that could result in a more substantial decline in 2019 that would carry over into 2020 and delay the rebound to the later part of the year or into the first months of 2021. 

The industrial segment which accounted for an estimated 59.5% of electronics equipment output in 2018 will be the main driver of growth over the period to 2022, when it will account 61.0% of the total. Growth in the communications segment if forecast to post growth of 0.8% in 2019 on par with the prior year. Over the period to 2022 the production of communications equipment is expected to benefit from increased defence spending and the opportunities arising from the Internet of Things and the next generation of wireless technologies. Computer output will continue to decline over the forecast period as will the production of video and audio equipment.

Germany accounted for 32.9% of electronics equipment output in 2018 and its overall share is expected to edge up over the period to 2022. France and the UK which are traditionally strong in communications will like the majority of countries benefit from the growth in the industrial segment. The restructuring of the communications sector in the Nordic countries, and in particular Finland and Sweden is on-going but the impact should fade over the period to 2022 as recent reorganisations are completed.

Electronics equipment output in the 13 countries tracked by Reed Electronics Research’s annual survey of electronics production in Central and Eastern Europe is forecast to increase by 1.6% in 2017 and reach Euro 41.8 billion. The recovery during the year, growth declined by -0.6% and 1.8% in 2016 and 2015, respectively will be led by high double-digit growth in the industrial segment, a potentially stronger outlook for computer production during the final months of the year and flat growth in communications output after several years of declining production.

Currently individual reports can be supplied electronically for the key countries within the European electronics industry although we can supply information on other countries covered within the Yearbook database on demand. To discuss specific requirements, including discounts for multiple purchases please contact andrew.fletcher@rer.co.uk

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Country Report - Denmark
Output in the Danish electronics industry increased by 5.0% in 2017 and based on preliminary gove..
£225.00
Ex Tax: £225.00
Country Report - Finland
Output in the Finnish electronics industry increased by 2.8% in 2017, up marginally from 2.7% in ..
£225.00
Ex Tax: £225.00
Country Report - France
After dipping to Euro 20.95 billion in 2014, its lowest level since 2000, output in the French el..
£225.00
Ex Tax: £225.00
Country Report - Germany
In 2017, electronics production rose by 4.8% a significant improvement on the prior year’s leve..
£225.00
Ex Tax: £225.00
Country Report - Italy
After increasing by 2.4% in 2016 electronics output grew by 3.2% in 2017 but is expected to ease ..
£225.00
Ex Tax: £225.00
Country Report - Norway
Output for the Norwegian electronics industry declined by 4.1% in 2017 and compared to an increas..
£225.00
Ex Tax: £225.00
Country Report - Spain
Electronics output in Spain increased by 4.3% in 2017, the fourth year of robust growth (2016: 4...
£225.00
Ex Tax: £225.00
Country Report - Switzerland
Electronics production declined by 0.6% in 2017 and compared to declines of 3.5% in 2016 and 5.0%..
£225.00
Ex Tax: £225.00
Country Report - Sweden
In 2017, electronics output fell by 5.0% a greater than expected decline in the control and instr..
£225.00
Ex Tax: £225.00
Country Report - United Kingdom
EAfter modest growth of 0.3% in 2016 output in the UK electronics industry rebounded in 2017 and ..
£225.00
Ex Tax: £225.00
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