Yearbook of World Electronics Data - Volume 1 2025 - West Europe

In providing the forecasts for the current study, which were made at the end of July/beginning of August, we have:

• Taken into accounts developments in the European and global economy, and the on-going impact of tariffs on growth.
• That the impact of inventory balancing across several segments and notably industrial eased over the final months of 2024 with orders normalising in the first half of 2025.
• Component prices and shortages normalised in 2024 although tariffs have put pressure on prices in 2025.
• Consumer spending will remain subdued due to the combination of higher inflation and on-going geopolitical uncertainty.
• AI and data centre consumption will be a key driver of growth in the overall computer market in 2025 and 2026. We also expect demand to feed through to higher computer equipment production.

As a result, we expect growth in the European electronics industry to strengthen in the second half of 2025 and then gain momentum over the period to 2028. However, as in previous years significant downside risks remain which could still push a sustained recovery into the first quarter of 2026. 

In Euro’s the production of electronic equipment in Western Europe increased by an estimated 0.2% in 2024 to Euro 131.2 billion, down from growth of 1.7% in the prior year, growth in the computing and communications segments – primarily radar and navigation/defence – offsetting falling industrial output.

Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will increase by 2.2% in 2025, 3.7% in 2026 and then accelerate to 4.0% in 2027 and 4.2% in 2028.

In 2024, the production of electronic components in Western Europe amounted to Euro 49.3 billion, 27.3% of overall electronics production. After two years of double-digit growth electronic component production declined by 2.0% in both 2023 and 2024 on the back of weaker demand and prices normalising following the period of higher prices fuelled by shortages. In 2024, active components accounted for 61.7%, passive 31.9% and other 6.4% while Germany accounted for the largest share of production at 34.9%, followed by Ireland 14.9%, France 14.2%, Italy 11.2% and the UK 5.7%.

The latest edition of Reed Electronics Research's annual survey provides an in-depth outlook for the West European electronics industry through to 2028. 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

• Summaries provided in Euros & US dollars

• The option to receive the Excel and Word electronically 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.

• Market Data and Forecasts 2022-2028

• Production Data 2022-2025