The European and global electronics industry has recovered following a sharp downturn at the end of 2008 and the first half of 2009, new statistics show.
This recovery was led by emerging markets, but has since gained momentum with the industry showing strong growth in all regions, the Yearbook of World Electronics Data, Volume 1: West Europe revealed.
The final months of 2010 however showed signs that growth was slowing and the outlook for the coming couple of years will depend on sustained growth in the global electronics economy.
A transformation from high volume to shorter run production has occurred in Western Europe, and future success is thought to stem from industrial, medical, high-end communications and automotive areas where Europe has a strong global position.
Electronic output in the UK however has declined sharply since peaking in 2000, falling by an estimated 63 percent in the period to 2009.
This is due to the migration of production to low cost countries. The industry is heavily orientated towards production of professional electronic equipment, accounting for 79 percent of the industry’s output in 2009.
The computer segment in the UK accounted for 8.2 percent of the total in 2009, and declined by 27.3 percent after a modest increase of 0.1 percent the previous year. The report suggests production is forecast to decline in the UK by eight percent in both 2010 and 2011.
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