Country Report - Singapore

Country Report - Singapore
Product Code: GEPMCR25
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The decline in output in the semiconductor segment, in response to weaker demand globally, was the main contributing factor in electronics output declining 5.9% in 2019, this after two years of double-digit growth on the back of buoyant global semiconductor market and higher average selling prices. Semiconductors accounted for 71% of electronics output in 2019, production declining by 8.9% and compared to the prior year’s increase of 15.8%. Growth is forecast to increase by 3.6% in 2020 although this is dependent on the assumption that the impact of the pandemic will ease leading to a gradual recovery in demand over the second half of the year. The control and instrumentation segment increased by 15.0% in 2018 before easing to growth of 7.2% in 2019. Production is forecast to decline by 4.0% in 2020 although the sector will benefit from increased demand for semiconductor capital equipment both domestically and globally. The production of medical electronics remains small but is expected to show a modest increase in 2020 following the previous year’s fall of 1.7%. Developments in the Singapore electronics industry are now, and in the future, closely linked to the cyclical nature of the global semiconductor market. Over the medium-term it is expected that further equipment manufacturing will be relocated to lower cost countries. Singapore, however is becoming a centre for regional management, R&D and selective high-end capital-intensive production with the focus on the semiconductor segment.

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 Singapore 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 Singapore.

Last Update: August 2020

 

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