Country Reports: Europe

In Euro’s the production of electronic equipment in Western Europe declined by 0.3% in 2019 to Euro 119.9 billion and compared to an increase of 1.8% in the prior year and a decline of 2.4% in 2017.

Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will decline by 8.8% in 2020, post growth of 4.1% in 2021 and then ease to 3.7% and 3.6% in 2022 and 2023. As the impact of the pandemic extends through into the second half of the year it is now expected to lead to a more substantial decline in 2020 that would carry over into 2021 and delay the rebound to the later part of the year or into the first months of 2022. 

The industrial segment which accounted for an estimated 60.1% of electronics equipment output in 2019 will be the main driver of growth after demand recovers from the COVID-19 led-recession. By the end of the forecast period its share of the total will account for 61.8%. Growth in the communications segment is forecast to decline by 5.8% in 2020. Upgrades to support increased demand for data and support home working, in particular in the first half of the year, is expected to be offset by lower capex by operators and a delay in the roll-out of 5G.  Defence spending is expected to be maintained through the pandemic although budgets could be reduced in the later part of the forecast as governments look to reduce the deficit arising from measures introduced to support the economy through the crisis. In contrast, the aerospace segment will, in the short-term be hit hard by the collapse in the commercial aviation sector. Computer output will continue to decline over the forecast period as will the production of video and audio equipment.

Germany accounted for 32.4% of electronics equipment output in 2019 and its overall share, despite the downturns in 2019 and 2020, is still expected to edge up over the period to 2023. France and the UK which are traditionally strong in communications will like the majority of countries also benefit from the growth in the industrial segment in the later part of the forecast.

Electronics equipment output in the 13 countries tracked by Reed Electronics Research’s annual survey of electronics production in Central and Eastern Europe increased by 7.3% in 2019 to reach Euro 47.0 billion but as a result of COVID-19 is forecast to decline by 5.1% in 2020. The expected rebound in the final quarter of the year is now expected to be pushed back into 2021 and like developments in Western Europe not gain momentum until the second half of the year.

Within CEE volume manufacturing in the core 3C segments is focused on the Czech Republic, Hungary, Poland, Slovakia and Turkey. In 2019, the share of 3C accounted for of overall production ranged from 62% in Hungary, to 77% in the Czech Republic, 77% in Slovakia, 79% in Poland and Turkey 83%.

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 - Czech Republic
Although still down from the peak of US$15.5 billion in 2011 electronics output after declining t..
£225.00
Ex Tax: £225.00
Country Report - Hungary
In terms of electronics production Hungary is the second largest producer in CEE with, in US doll..
£225.00
Ex Tax: £225.00
Country Report - Poland
Electronics production in Poland reached US$11.3 billion in 2019, a modest decline of 0.1% compar..
£225.00
Ex Tax: £225.00
Country Report - Turkey
The Turkish electronics industry is primarily focused on the computing and consumer video segment..
£225.00
Ex Tax: £225.00
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