Country Report - Singapore

Country Report - Singapore
Product Code: GEPMCR25
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Despite the impact of COVID-19 resulting in a 6.5% decline in electronics equipment output, growth in the semiconductor segment resulted in overall electronics output increasing by 1.9% and compared to the prior year decline of 3.8%. Semiconductors accounted for 71% of electronics output in 2020, production increasing by 5.4% and compared to the prior year’s decline of 6.5%, a stronger than expected recovery in the second half of the year supporting growth. Growth is forecast to accelerate to 24.4% in 2021 as the global electronics industry rebounds and component shortages lead to significantly higher prices. 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 1.4% in 2020 although the sector will benefit from increased demand for semiconductor capital equipment both domestically and globally. Output is forecast to increase by 8.0% in 2021, the result of still buoyant demand for semiconductor capital equipment combined with a recovery in other product categories. The production of medical electronics remains small and due to the fall in elective procedures declined by 6.1% in 2020 but is forecast to rebound with growth of 7.0% in 2021.

Table of Contents

Economic Overview
Industry Structure
Production Data 2018-2021
Market Data 2018-2024
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: September 2021

 

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