Country Report - Norway

Country Report - Norway
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Output for the Norwegian electronics industry increased by 8.5% in 2019 and compared to the previous year’s growth of 4.9%. A 9.6% increase in electronics equipment output in 2019 offset by a 4.1% decline electronics component production. Products for Norway's important offshore oil and gas sector have created major opportunities for electronics in the field of control and instrumentation and as a result this sector, the industry’s largest, has become increasingly well-established on the international market. Production increased by 4.4% and 4.2% in 2018 and 2019, respectively but is forecast to decline by high double-digits in 2020 as a result of weaker demand as the spread of COVID-19, in particular on the oil and gas sector, impacts both domestic and international demand. Output is expected to gradually recover in 2021 and then accelerate over the period to 2023. As highlighted, Norwegian companies have a strong presence globally in the supply of fixed and wireless communications and radar and navigation equipment (including defence). The segment accounted for 29.6% of electronics output in 2019 of which the majority, 80.2%, was related to the communications and radar segment. Following a decline of 3.0% in 2017 output increased by 6.0% in 2018 and by a further 6.7% in 2019 but is forecast to decline by 3.5% in 2020. The country’s position as a supplier of defence equipment helping partially offset the impact of COVID-19. Medical accounted for 10.4% of electronics production in 2019 and following a significant increase in exports posted growth of 59.0% for the year as a whole, this following the prior year’s growth of 13.9%. Although easing in 2020, production is still expected to show double-digit growth with emphasis on equipment for the treatment of the pandemic. Medical will remain the fastest growing segment within the Norwegian electronics industry over the period to 2023 with growth of around 7.0% annually.

Table of Contents

Economic Overview
Industry Structure
Production Data 2017-2020
Market Data 2017-2023
Methodologies/Guide to Statistics

Product Coverage

Computing
Office Equipment
Control & Instrumentation
Medical & Industrial
Radio Communications
Telecommunications
Consumer
Semiconductors
Passive Components
Other Components

The Norwegian Electronics Industry Report provides essential market intelligence for all sizes of company from small enterprises to major global groups and for financial/management consultancies, government agencies and academia requiring a reliable overview of the electronics industry in Norway.

Last Update: May 2020

 

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