Yearbook of World Electronics Data - Volume 1 2021 West Europe

Yearbook of World Electronics Data - Volume 1 2021 West Europe
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Yearbook of World Electronics Data Volume 1 2021 West Europe

In providing the forecasts for the current study, which were made in May, we have assumed that the roll-out of the vaccine across Europe and globally will allow for an easing in restrictions and support a return to growth in both economic activity and the on-going the recovery in the electronics industry which began in the second half of 2020. Growth is expected to gain momentum over the course of 2021 which will continue into 2022/2023 before easing at the end of the forecast period. We believe the current shortage for certain components and materials, and in particular in the semiconductor supply chain, will weigh on demand in 2021 and potentially into the first half of 2022.

In Euro’s the production of electronic equipment in Western Europe declined by 6.7% in 2020 to Euro 112.7 billion and compared to an increase of 0.7% and 1.7% in 2019 and 2018, respectively. A stronger recovery over the second half of the year resulted in a better performance than forecast in May 2020, when overall electronics equipment output was forecast to decline by 8.8%

Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will increase by 3.5% in 2021 then post growth of 4.0% in 2022 and 2023 before easing to 3.7% in 2024. The current forecast expects overall equipment production in Western Europe to surpass pre-COVID levels by the end of 2022.

The industrial segment, which accounted for an estimated 60.9% of electronics equipment output in 2020, 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 62.5%.

Germany accounted for 32.6% of electronics equipment output in 2020 and its overall share, despite the downturns in 2019 and 2020, is expected to edge up slightly to 32.7% over the period to 2024. 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.

In 2020, the production of electronic components in Western Europe amounted to Euro 38.1 billion, 25.2% of overall electronics production, output declining by an estimated 5.0% during the year. In line with the recovery in overall electronics equipment production and to help offset the current shortage in certain components output is forecast to increase by 6.2% in 2021 and by a further 5.7% in 2022.


.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 2024 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.

49th  Edition, providing:

Market Data and Forecasts 2018-2024

Production Data 2018-2021

16 countries covered:


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 843

Publication Date: May 2021

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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