Yearbook of World Electronics Data - Volume 1 2022 West Europe

Yearbook of World Electronics Data - Volume 1 2022 West Europe
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Yearbook of World Electronics Data Volume 1 2022 West Europe

In providing the forecasts for the current study, which were made in June, we have taken into account developments in the European and global economy following the outbreak of war in Ukraine and the impact of rising inflation. However, significant downside risks still remain which could lead to growth in 2022 and 2023 being lower than forecast. We currently expect growth, despite strong underlying demand, to be subdued over the course of the second half of 2022 and into 2023 before gaining momentum in the second half of the year and then accelerate over the remainder of the forecast period. We believe the current shortage for certain components and materials, will ease over the second half of 2022 as demand weakens, in line with lower consumer spending and business confidence.

In Euro’s the production of electronic equipment in Western Europe increased by an estimated 5.9% in 2021 to Euro 118.1 billion and compared to the pandemic led decline of 7.2% in the prior year.

Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will increase by 3.7% in 2022, ease to 3.3% in 2023 and then accelerate to 3.7% and 3.9% in 2024 and 2025, respectively. The current forecast expects overall equipment production in Western Europe, despite the anticipated slowdown in the second half of the year, to surpass pre-COVID levels in 2022.

The industrial segment, which accounted for an estimated 61.7% of electronics equipment output in 2021, has been a key driver of growth following the COVID-19 led-recession. By the end of the forecast period its share of the total will account for 63.0%.

Growth in the communications segment declined by 5.8% in 2020 before rebounding in 2021 with growth of 4.0%. Defence spending which was expected to be reduced as governments look to reduce the deficit arising from measures introduced to support the economy through the crisis is expected to now be maintained, if not increased, following the war in Ukraine. The aerospace segment, which was hit hard by the collapse in the commercial aviation sector as a result of the pandemic, is expected to return to pre-COVID levels in 2024/2025. Computer output will continue to decline over the forecast period as will the production of video and audio equipment.

In 2021, the production of electronic components in Western Europe amounted to Euro 44.6 billion, 27.4% of overall electronics production, output increasing by 15.5% during the year. Increased output to offset the shortage of components, in particular semiconductors, and higher average selling prices contributed significantly to growth during the year. Output is forecast to increase by a further 8.2% in 2022 before moderating over the period to 2025.

In 2021, active components accounted for 60.9%, passive 32.3% and other 6.8% while Germany accounted for the largest share of production at 35.4%, followed by Ireland 15.7%, France 15.1%, Italy 10.5% and the UK 5.4%.

At Euro 234.8 billion in 2021 the West European market for electronic equipment and components was 7.8% higher than the Euro 217.8 billion reported in the prior year and is forecast to reach Euro 242.6 billion in 2022, this despite the anticipated slowdown in the second half of the year.

 

Published since 1973 the Volume 1 of the Yearbook of World Electronics Data provides:

- A single source solution allowing you to track the electronics industry in 16 countries in Western Europe

- 13 major product groups

- Market and production forecasts

- A medium-term outlook for the West European electronics production through to 2025 by country. 

- Summaries provided in Euros & US dollars

- CD-option allows you to manipulate the data quickly and easily: produce your own subsets or summaries of the data, create your own forecasts or cut and paste the data into your own in-house reports and presentations.

50th  Edition, providing:

Market Data and Forecasts 2019-2025

Production Data 2019-2022

16 countries covered:

Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Netherlands
Portugal
Norway
Spain
Sweden
Switzerland
UK

A hardcopy version of this report is available. To order please request the hardcopy version within the comments box within the online purchasing or use the form available at the end of the Sample Download

Download Full Contents and Sample pages.

ISBN 1 905429 886

Publication Date: June 2022

Report Only:                                      £995

Report + CD-Rom                            £1295

Corporate Licence:                          £1990

The Corporate License allows electronic distribution (excluding distribution to third parties) of the report throughout your organisation, making it a cost effective and essential tool for your business.

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