Mardi 04 Juillet @ VIPress.netManufacturing: Europe will still represent 20% of the World electronic equipment production in 2010
It took 5 years to the electronics industry to finally reach the same level it had prior the telecom crisis in 2001. With 1 069 billion euros in 2005, the electronics industry finally surpassed its previous record year in 2000 when it reached 1 000 billion euros for the first time in its history, the 2001 crisis now belongs to the past, according to the new edition of "[L]http://abo.vipress.net/rp.php?u=http://www.europelectronics.net/focus&p=1234ZZZZ5678|World Electronic Industries: 2005-2010[/L]", published in July by DECISION.
More interesting are the growth perspectives over the medium term. With 6% average growth from 2005 to 2010, the electronic equipment production still grows 2 times faster than the World Growth Domestic Product, fuelled by the development of electronics in every application segments, from mass markets to professional electronics. Pervasion is still in progress.
With very good positions in Automotive, Industrial and Aerospace & Defence industries, Europe does offer good perspectives in terms of electronic production. With an average growth of 3.7% from 2005 to 2010, It will still represent about 20% of the World electronic equipment production in 2010, equivalent to North America but behind China which will produce 28% of the world electronic equipment by the end of the forecast period.
DECISION believes that the global electronic production landscape is reaching a new equilibrium between the more developed and the emerging countries. Production vs. market ratios per zones should stabilize over the forecast period with Asian countries still producing about 60% more than their local demand.
First signs of this new trend are already there as illustrated by the investments of Asian leaders of the flat TV industry in new flat screen TV assembly and module plants in Eastern Europe.
How simplistic it may seem, there is one undisputed explanation to this new development of the world electronic industry: Production follows the Market!
[L]http://abo.vipress.net/rp.php?u=http://www.europelectronics.net/focus&p=1234ZZZZ5678|Click here to see charts and more details[/L]
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