Tough Year Ahead but Optimism Remains
The European and global electronics industry, which started 2008 facing slower economic growth and high energy and commodity prices, ended the year clouded in even more uncertainty. The actual extent of the deterioration in the market in the final months of the year has had a marked impact on the outlook for 2008/2009, with companies across the industry lowering revenue and profit projections.
With clearly limited visibility the prospects of a recovery in the second half of 2009 are now fading. Consumer and business confidence remains weak and the escalation in the global financial crisis is putting severe constraints on the needed credit to fund expansion and growth. As the global nature of the downturn intensifies demand in key export markets is also weakening and putting further pressure on revenues and margins.
As a result and based on the annual survey of the West European industry electronics output in Western Europe is forecast to decline by 12% in 2009 to Euro 154 billion, down from Euro 175 billion in 2008 and Euro 273 billion only nine years earlier at the height of the telecom/Internet boom.
Between 2000 and the end of 2009 electronics output in Western Europe is forecast to fall by 44%, with all countries in the region experiencing significant downturns. France, Spain and the UK , with their strong telecom and IT bias are expected to see production fall by 51%, 48% and 63%, respectively in local currency. Germany had until the latest downturn been able to withstand the sharp decline due to the country’s dominant position in automotive and industrial products although output is forecast to show double-digit declines in 2009.
Despite the current outlook the long-term future for the electronics industry in Western Europe remains positive. As we emerge from the current downturn only a few volume manufacturing plants will remain with companies focused on higher margin products in key sectors such as medical, industrial, aerospace & defence, energy, high-end communications and computing. Automotive, as it recovers from the almost unprecedented decline in vehicle production, will once again be a key sector as vehicle manufacturers look to electronics to meet the ever increasing demand for greener and safer vehicles.
OEMs in these sectors will continue to look at reducing costs, whether through outsourcing or locating to lower cost locations, but despite this it is envisaged that electronics production in Western Europe will start to stabilize in the 2011/2012 timeframe and provide opportunities across the supply chain.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/Yearbook-of-World-Electronics-Data-2009%3A-Volume-1-West-Europe.html
Electronics.ca Publications is a world-class research network and publishing company whose focus is technology and market research for the electronics industry. Our network spans dozens of areas of electronics expertise, and taps the knowledge of researchers and analysts internationally. We deliver critical information on the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets, to name a few.
+1 514 429 1520
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tough Year Ahead but Optimism Remains here
News-ID: 71482 • Views: 922
More Releases from Electronics.ca Publications
Robotic Market To Reach Reach $171.7 Billion By 2020
ELECTRONICS.CA PUBLICATIONS announces the availability of a new study "Robotics Market Shares, Strategy, and Forecasts, Worldwide, 2014 to 2020?. The 2014 study has 1191 pages, 607 tables and figures. Worldwide robotics markets are increasingly diversified, poised to achieve significant growth as every industry segment adopts mobile automated process new companies get more businesses test for substance abuse. The robots are taking over, they have remote control to control a device
Home Security Solutions Market Worth $34.46 Billion by 2017
MONTREAL, June 14, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Home Security Solutions Market - Global Forecast and Analysis 2012 -2017". Security, as such, is becoming a huge market worldwide; mainly due to the rising crime rates in different parts of the world. As a result, the electronic security equipments are expected to find potential opportunities in this market.
HUD Market Size Estimated to Reach $2.91 Billion by 2017
MONTREAL, June 6, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Head-Up Display (HUD) Market 2012-2017 Global Forecast and Analysis By Technologies, Components and Applications". The Head-up display market report categorizes the global HUD market on the basis of them being used in various components, technology, applications, geographical analysis; forecasting revenue and analyzing trends in the market. The global head-up display
Global Quantum Dots (QD) Market worth of $7480.25 Million by 2022
MONTREAL, May 21, 2012 ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the release of a comprehensive global report on Quantum Dots market. According to the report titled, "Quantum Dots (QD) Market - Global Forecast & Analysis 2012 - 2022" the total market for Quantum dots is expected to reach $7480.25 million by 2022, at a CAGR of 55.2% from 2012 to 2022. Quantum Dots (QD) is
More Releases for Euro
Euro Ophthalmology 2019
The 2nd European Congress on Ophthalmology going to be held amid March 21-22, 2018 at Amsterdam, The Netherlands, which unites a one of a kind and worldwide blend of substantial and medium pharmaceutical, biotech and symptomatic or diagnostic organizations, leading universities and clinical research companies making the meeting an ideal stage to share understanding, encourage coordinated efforts crosswise over industry and the scholarly community, and assess rising advancements over the
Euro Surgical Pathology 2018
Rome, Italy welcomes you all to share Medical Knowledge and Experience at our upcoming "14th International Conference on Surgical Pathology and Cancer Diagnosis, May 17-18, 2018. Some of the main sessions "to-be-covered" are • Surgical Pathology and Diagnosis • Cancer Pathology • Breast Pathology • Gynecologic Pathology • Gastrointestinal and Liver Pathology • Neuro Surgery and Pathology • Oral and Maxillofacial Pathology • Dermatopathology • Genitourinary Pathology • Cytopathology & many more! Holiday Inn Rome - Aurelia Via Aurelia Km 8,400 00163 Roma Italy
20th Euro Congress on Psychiatrists and Psychologists
Theme: Achieving mental wellness by understanding human mind through Psychiatric approaches Description: Euro Psychiatrists 2017 (CME Accredited Event) will provide an opportunity for all stakeholders working on mental health issues to talk about their work. Euro Psychiatrists 2017 will congregate renowned speakers, principal investigators, experts, psychiatrist and researchers from both academia and health care industry will join together to discuss their views and research. Conference highlights 1. Psychiatry 2. Psychology 3. Child and Adolescent Psychology 4. Psychosis And Adverse
17th Euro Biotechnology Congress
Conference Series LLC extends its warm welcome to 17th Euro Biotechnology Congress during September 25-27, 2017 at Berlin, Germany with a theme “Novel Trends and Innovations in Biotechnology for Making Life Better”. Conference Series LLC through its Open Access Initiative is committed to make genuine and reliable contributions to the scientific community. Scope and Importance Euro Biotechnology Conference aims to bring together the Professors, Researchers, scientists, business giants, and technocrats to provide
Euro Façade Tech Glazing Systems
Virtually any type of glazing system can be used with structural glass facades. Check out the options with Euro Façade Tech. FRAMED Framed systems support the glass continuously along two or four sides. There are many variations of framed systems, most of which fall into two general categories. Conventional unitized curtainwall systems are seldom used with structural glass facades. STICK Stick-built glass facades are a method of curtainwall construction where much of the fabrication
Traveltext's alternative Euro 2016
You don’t even have to be a sports fan to know that this summer, the England football team will be heading off to the latest major international tournament with the hopes of a nation resting on the shoulders of the likes of Wayne Rooney, Jamie Vardy and Dele Alli. The fact that the tournament has expanded this year to include no fewer than 24 nations means that the eyes of Europe