WEST EUROPE 2018 - rer.co.uk of World Electronic… · Yearbook of World Electronics Data Volume 1...

ComponentsComputersConsumerControl and InstrumentationMedical and IndustrialOffice EquipmentRadio CommunicationsTelecommunications

THE YEARBOOK OF WORLD ELECTRONICS DATA

2018Volume One

WEST EUROPE

Yearbook of World Electronics Data Volume 1 2018 An Overview of Electronics Production & Markets in Western Europe

2

Yearbook of World Electronics Data Volume 1 2018 – An Overview of

Electronics Production & Markets in Western Europe Introduction

Stronger growth in both the global and European economies resulted in output strengthening throughout 2017

and this momentum should carry through into 2018. In 2017, the shortage of components held back growth and

although the situation is expected to ease it will continue to have a dampening effect during the year. Based on

current indicators we are forecasting growth in electronic equipment output of 2.6% in 2018 before easing to

1.8% in 2019 and then accelerating to 2.3% and 2.6% in 2020 and 2021, respectively. By the end of the forecast

period electronics equipment production in Western Europe is forecast to reach Euro 126.9 billion, up from an

estimated Euro 115.7 billion in 2017.

Risks related to the outcome of Brexit negotiations remain, as do downside risks associated with geopolitical

tensions and a shift towards more inward looking and protectionist policies and in particular the prospects of a

global trade war as tensions between the US and China escalate.

Since the global crisis in 2009 growth in electronics equipment production has been driven by the industrial

segment, a trend which will continue over the period to 2021.

Industrial – control and instrumentation, medical and industrial – accounted for 58% of electronics equipment

output in 2016 with this forecast to increase to 61% in 2021.

The production of communications

equipment, including defence,

declined in 2017 but is forecast to

increase in 2018 and then gain

momentum over the period to

2021.

In 2016, the production of

electronic components in Western

Europe amounted to Euro 38.1

billion, 24.9% of overall electronics

production, output increased by

4.1% during the year on the back

of rising demand and the ramp-up

of production at Intel’s wafer fab in

Ireland.

Of the total in 2018, active components accounted for 56%, passive 35% and other 9% while Germany

accounted for the largest share of production at 35%, followed by France 15%, Italy 10% and the UK 8%.

The Yearbook of World Electronics Data – tracking developments in the global electronics industry

With a history spanning over 40 years Reed Electronics Research (RER) has provided an invaluable insight into

the global trends, regional variations and the underlying state of the global electronics market for all stages of the

supply chain - OEM, contract manufacturing and design, components and materials suppliers to financial

/industry analysts and government and academia.

Although encompassing a range of published and bespoke products the core of RER’s research programme is

one of the most comprehensive statistical databases covering the global electronics industry, with the resulting

Percentage Growth in West European Electronics

Equipment Production 2014-2021


3

analysis being published through four concise and clear demographic volumes, as a series of individual country

reports, through customised solutions to meet specific client requirements and, from 2012, as a series of Excel

databases providing the combination of both historical and forecasted data.

Yearbook of World Electronics Data - Volume 1 West Europe

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 US dollars and Euros.

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.

Who will benefit

The Yearbook is essential research providing key data for all areas of the electronics industry including:

Distributors and manufacturers of electronic components and materials.

Suppliers of electronic production equipment.

OEMs.

EMS Providers.

Government, including investment organizations.

Financial and industry analysts.

Academic institutes & universities tracking developments in the electronics industry.

The Yearbook of World Electronics Data

The Yearbook of World Electronics Data series presents market and production statistics for the GLOBAL

electronics industry. Available in four published volumes covering 53 countries and 13 major product groups, the

yearbook is used in the formulation of business and market planning, in tracking trends based on an clear

understanding on how the industry has developed historically and to provide a basis for medium and long-term

forecasting.

53 country coverage, 13 major product groups

… comparable country by country and product by product.

Methodology

The Yearbooks highlight market trends and opportunities and offer corroborative evidence for individual research.

Each new edition is fully revised and updated. Trade statistics are analyzed in detail, with over 500 separate

categories being employed. Production statistics are collected from Government and Manufacturer's Association

sources where these are available. Extensive use is also made of research reports, company reports, news items

and work by other consultants to supplement and cross check the official and semi-official sources.

Markets are forecast in real terms for the next five years, with production forecast for the next two years, using

constant exchange rates and excluding inflation. These are based on our extensive knowledge of the historical

performance of each product, the general economic outlook and the major growth influencing factors.


4

2018 Series

Volume 1 2018 West Europe

Synopsis: Economic Overview; Electronics Market Overview; Imports 2015-2016; Exports 2015-2016; Production

Data 2015-2018; Market Data 2015-2021

16 country coverage

Austria; Belgium; Denmark; Finland; France; Germany; Greece; Ireland; Italy; Netherlands; Norway; Portugal;

Spain; Sweden; Switzerland; UK

Publication Data: April 2018

Volume 2 2018 America, Japan, Asia Pacific


Data 2015-2018; Market Data 2015-2021

19 country coverage

Australia; Brazil; Canada; China, Hong Kong; India; Indonesia; Israel; Japan; Malaysia; Mexico, Philippines;

Singapore; South Africa; South Korea; Taiwan Thailand; Vietnam, USA

Publication Data: July 2018

Volume 3 2018 East Europe & World Summary


Data 2015-2018; Market Data 2015-2021

53 Country World Summary covering production data 2015-2018 and market data for 2015-2021

13 country coverage

Bulgaria; Croatia; Czech Republic; Estonia; Hungary; Lithuania; Poland; Romania; Russia; Slovakia; Slovenia;

Turkey, Ukraine

Publication Data: August/September 2018

For each country production and market data is supplied for the following product groups:

Computers

Consumer – Video; Audio; Personal

Control & Instrumentation

Medical & Industrial

Office Equipment

Radio Communications

Telecommunications

Components – Passive Components; Semiconductors; Other Components

Related Products & Services

With a history spanning over 40 years Reed Electronics Research (RER) has provided an invaluable insight into

the global trends, regional variations and the underlying state of the global electronics industry for all stages of

the supply chain - OEM, contract manufacturing and design, components and materials suppliers to financial

/industry analysts and government and academia.


5

Although encompassing a range of published and bespoke products the core of RER’s research programme is

one of the most comprehensive statistical databases covering the global electronics industry. In addition to the

Yearbook, the data can be supplied as a series of individual country reports, through customised solutions to

meet specific client requirements and as a series of Excel databases providing the combination of both historical

and forecasted data.

European Electronics Production 2000-2021

As part of its programme of research covering developments in the European electronics industry RER has

released a new statistical database providing a medium term outlook for electronics production in Europe.

Covering the period 2000-2021 the research allows you to track developments both geographically and by major

product group.

The database is provided as an Excel spreadsheet providing production data for 13 product groups and 29

countries split by Western Europe and Central and Eastern Europe. In addition, a PDF document provides a

European overview as well as allowing the user to quickly reference data for individual countries.

Global Electronics Production & Markets

Launched in 2012, Global Electronics Production & Markets provides top line analysis on the global electronics

industry for the period 1995 to 2021 for markets and 1995-2018 for production. Through two Excel databases you

can quickly analyze the structure of the global industry and how it has changed both geographically, through

RER’s unique coverage of 53 countries, and by thirteen major product groups. The database will be fully updated

in September 2018.

Country Reports

Drawing on data from its core statistical database RER provides a quick, reliable and cost-effective assessment

of the electronics industry for an individual country. For a full listing please visit www.rer.co.uk

Custom Research

Building on the flexibility of the two databases and the Yearbook series we can quickly search data by product or

country/region to provide solutions tailored to your specific needs or budgets. Ideal for input into internal

presentations/ documents the data is supplied via email.

European Electronic Markets Forecast

Market data is only one part of the equation when analyzing the European electronics industry. Updated monthly,

European Electronic Markets Forecast (EEMF) enables you to track with minimum time and cost, the key issues

and opportunities impacting the European electronics industry. From originally researched articles to the latest

company developments and market analysis EEMF is your virtual “Research Analyst” utilizing over 35 years of

industry and market research experience to provide you both in hardcopy and electronic formats not only reliable

but objective analysis and news on the European and global electronics industry.

Summary of Contents

Market Analysis: Up-to-the-minute analysis of the key sectors of the European and Global electronics industry

Industry News: The latest industry and company news split by:

Finance

Mergers & Acquisitions


6

Automotive

Electronic Manufacturing Services/PCB

Production

Semiconductors

Renewable Energy/CleanTech

Asia Pacific Electronics: Highlighting the growing importance of Asia on the global electronics industry, EEMF

provides a monthly summary of key developments within the region.

For additional information on the above publications or Reed Electronics Research’s complete range of

research products please contact or visit www.rer.co.uk

Andrew Fletcher, Research Manager

[email protected]

Reed Electronics Research

Boston House

Grove Technology Park

Wantage, Oxon OX12 9FF

United Kingdom

Tel: +44 (0) 1235 227310

Fax: +44 (0) 1235 420515

website: www.rer.co.uk


7

Yearbook of World Electronics Data Volume 1 2018

Contents

1 INTRODUCTION 15

2 SUMMARY DATA 17

2.1 Economic Overview 17

2.2 Electronics Overview 19

2.3 Imports 2015-2016 25

2.4 Exports 2015-2016 26

2.5 Consolidated Summary of Production 2015 27




2.9 Summary of EDP Production 29

2.10 Summary of Control & Instrumentation Production 30

2.11 Summary of Medical & Industrial Production 31

2.12 Summary of Communications & Radar Production 32

2.13 Summary of Telecommunications Production 33

2.14 Summary of Consumer Production 34

2.15 Summary of Components Production 35

2.16 Summary of Active Component Production 36

2.17 Summary of Passive Component Production 36

2.18 Summary of Other Component Production 36

2.19 West Europe Total Production 37

2.20 Consolidated Summary of Markets 2015 41







2.27 Summary of EDP Markets 45

2.28 Summary of Control & Instrumentation Markets 46

2.29 Summary of Medical & Industrial Markets 47

2.30 Summary of Communications & Radar Markets 48

2.31 Summary of Telecommunications Markets 49

2.32 Summary of Consumer Markets 50

2.33 Summary of Components Markets 51

2.34 Summary of Active Component Markets 52

2.35 Summary of Passive Component Markets 52

2.36 Summary of Other Component Markets 52

2.37 West Europe Total Markets 53

3 COUNTRY DATA 57

3.1 AUSTRIA 57

3.1.1 Economic Outlook 58

3.1.2 Electronics Industry Structure 62

3.1.3 Austria Production 62

Computing 2015-2018 62

Office Equipment 2015-2018 62

Control & Instrumentation 2015-2018 62

Medical & Industrial 2015-2018 62

Communications & Radar 2015-2018 63


8

Telecommunications 2015-2018 63

Consumer 2015-2018 63

Video 2015-2018 63

Audio 2015-2018 63

Personal 2015-2018 64

Components 2015-2018 64

Active 2015-2018 64

Passive 2015-2018 64

Other 2015-2018 65

3.1.4 Austria Markets 66







Consumer 2015-2021 67

Video 2015-2021 67

Audio 2015-2021 67

Personal 2015-2021 68


Active 2015-2021 68

Passive 2015-2021 69

Other 2015-2021 69

3.2 BELGIUM 70



3.2.3 Belgium Production 75







Consumer 2015-2018 76

Video 2015-2018 76

Audio 2015-2018 77

Personal 2015-2018 77


Active 2015-2018 78

Passive 2015-2018 78

Other 2015-2018 78

3.2.4 Belgium Markets 80







Consumer 2015-2021 81

Video 2015-2021 81

Audio 2015-2021 82

Personal 2015-2021 82



9

Active 2015-2021 83

Passive 2015-2021 83

Other 2015-2021 83

3.3 DENMARK 85



3.3.3 Denmark Production 90







Consumer 2015-2018 92

Video 2015-2018 92

Audio 2015-2018 92

Personal 2015-2018 92


Active 2015-2018 93

Passive 2015-2018 93

Other 2015-2018 94

3.3.4 Denmark Markets 95







Consumer 2015-2021 97

Video 2015-2021 97

Audio 2015-2021 97

Personal 2015-2021 97


Active 2015-2021 98

Passive 2015-2021 98

Other 2015-2021 99

3.4 FINLAND 100



3.4.3 Finland Production 105

Computing 2015-2018 105






Consumer 2015-2018 106

Video 2015-2018 106

Audio 2015-2018 106

Personal 2015-2018 106


Active 2015-2018 107

Passive 2015-2018 107

Other 2015-2018 107


10

3.4.4 Finland Markets 109

Computing 2015-2021 109






Consumer 2015-2021 110

Video 2015-2021 110

Audio 2015-2021 110

Personal 2015-2021 111


Active 2015-2021 111

Passive 2015-2021 112

Other 2015-2021 112

3.5 FRANCE 113



3.5.3 France Production 118

Computing 2015-2018 118






Consumer 2015-2018 120

Video 2015-2018 120

Audio 2015-2018 121

Personal 2015-2018 121


Active 2015-2018 121

Passive 2015-2018 122

Other 2015-2018 122

3.5.4 France Markets 124

Computing 2015-2021 124






Consumer 2015-2021 126

Video 2015-2021 126

Audio 2015-2021 126

Personal 2015-2021 127


Active 2015-2021 127

Passive 2015-2021 127

Other 2015-2021 128

3.6 GERMANY 129



3.6.3 Germany Production 134

Computing 2015-2018 134



11





Consumer 2015-2018 136

Video 2015-2018 136

Audio 2015-2018 136

Personal 2015-2018 137


Active 2015-2018 137

Passive 2015-2018 138

Other 2015-2018 139

3.6.4 Germany Markets 140

Computing 2015-2021 140






Consumer 2015-2021 142

Video 2015-2021 142

Audio 2015-2021 142

Personal 2015-2021 143


Active 2015-2021 143

Passive 2015-2021 144

Other 2015-2021 144

3.7 GREECE 146



3.7.3 Greece Production 150

Computing 2015-2018 150






Consumer 2015-2018 151

Video 2015-2018 151

Audio 2015-2018 151

Personal 2015-2018 152


Active 2015-2018 152

Passive 2015-2018 152

Other 2015-2018 152

3.7.4 Greece Markets 154

Computing 2015-2021 154






Video 2015-2021 155

Audio 2015-2021 155


12

Personal 2015-2021 156


Active 2015-2021 156

Passive 2015-2021 156

Other 2015-2021 157

3.8 IRELAND 158



3.8.3 Ireland Production 163

Computing 2015-2018 163






Consumer 2015-2018 164

Video 2015-2018 164

Audio 2015-2018 165

Personal 2015-2018 165


Active 2015-2018 165

Passive 2015-2018 165

Other 2015-2018 166

3.8.4 Ireland Markets 167

Computing 2015-2021 167






Consumer 2015-2021 168

Video 2015-2021 168

Audio 2015-2021 168

Personal 2015-2021 169


Active 2015-2021 169

Passive 2015-2021 169

Other 2015-2021 170

3.9 ITALY 171



3.9.3 Italy Production 176

Computing 2015-2018 176






Consumer 2015-2018 178

Video 2015-2018 178

Audio 2015-2018 178

Personal 2015-2018 178


Active 2015-2018 179


13

Passive 2015-2018 179

Other 2015-2018 180

3.9.4 Italy Markets 182

Computing 2015-2021 182






Consumer 2015-2021 184

Video 2015-2021 184

Audio 2015-2021 184

Personal 2015-2021 185


Active 2015-2021 185

Passive 2015-2021 185

Other 2015-2021 186

3.10 NETHERLANDS 187



3.10.3 Netherlands Production 191

Computing 2015-2018 191






Consumer 2015-2018 193

Video 2015-2018 193

Audio 2015-2018 193

Personal 2015-2018 193


Active 2015-2018 194

Passive 2015-2018 194

Other 2015-2018 195

3.10.4 Netherlands Markets 196

Computing 2015-2021 196






Consumer 2015-2021 198

Video 2015-2021 198

Audio 2015-2021 198

Personal 2015-2021 198


Active 2015-2021 199

Passive 2015-2021 199

Other 2015-2021 200

3.11 NORWAY 201



3.11.3 Norway Production 205


14

Computing 2015-2018 205






Consumer 2015-2018 206

Video 2015-2018 206

Audio 2015-2018 206

Personal 2015-2018 206


Active 2015-2018 206

Passive 2015-2018 206

Other 2015-2018 207

3.11.4 Norway Markets 208

Computing 2015-2021 208






Consumer 2015-2021 209

Video 2015-2021 209

Audio 2015-2021 209

Personal 2015-2021 210


Active 2015-2021 210

Passive 2015-2021 211

Other 2015-2021 211

3.12 PORTUGAL 212



3.12.3 Portugal Production 216

Computing 2015-2018 216






Consumer 2015-2018 217

Video 2015-2018 217

Audio 2015-2018 217

Personal 2015-2018 218


Active 2015-2018 218

Passive 2015-2018 218

Other 2015-2018 219

3.12.4 Portugal Markets 220

Computing 2015-2021 220







15

Consumer 2015-2021 221

Video 2015-2021 221

Audio 2015-2021 221

Personal 2015-2021 222


Active 2015-2021 222

Passive 2015-2021 222

Other 2015-2021 223

3.13 SPAIN 224



3.13.3 Spain Production 228

Computing 2015-2018 228






Consumer 2015-2018 229

Video 2015-2018 229

Audio 2015-2018 229

Personal 2015-2018 229


Active 2015-2018 230

Passive 2015-2018 230

Other 2015-2018 230

3.13.4 Spain Markets 232

Computing 2015-2021 232






Consumer 2015-2021 233

Video 2015-2021 233

Audio 2015-2021 233

Personal 2015-2021 234


Active 2015-2021 234

Passive 2015-2021 234

Other 2015-2021 235

3.14 SWEDEN 236



3.14.3 Sweden Production 241

Computing 2015-2018 241






Consumer 2015-2018 243

Video 2015-2018 243

Audio 2015-2018 243


16

Personal 2015-2018 243


Active 2015-2018 243

Passive 2015-2018 244

Other 2015-2018 244

3.14.4 Sweden Markets 246

Computing 2015-2021 246






Consumer 2015-2021 248

Video 2015-2021 248

Audio 2015-2021 248

Personal 2015-2021 248


Active 2015-2021 249

Passive 2015-2021 249

Other 2015-2021 250

3.15 SWITZERLAND 251



3.15.3 Switzerland Production 255

Computing 2015-2018 255






Consumer 2015-2018 256

Video 2015-2018 256

Audio 2015-2018 256

Personal 2015-2018 256


Active 2015-2018 257

Passive 2015-2018 257

Other 2015-2018 257

3.15.4 Switzerland Markets 259

Computing 2015-2021 259






Consumer 2015-2021 260

Video 2015-2021 260

Audio 2015-2021 261

Personal 2015-2021 261


Active 2015-2021 261

Passive 2015-2021 262

Other 2015-2021 262


17

3.16 UNITED KINGDOM 263



3.16.3 UK Production 268

Computing 2015-2018 268






Consumer 2015-2018 270

Video 2015-2018 270

Audio 2015-2018 271

Personal 2015-2018 271


Active 2015-2018 271

Passive 2015-2018 272

Other 2015-2018 272

3.16.4 UK Markets 274

Computing 2015-2021 274






Consumer 2015-2021 276

Video 2015-2021 276

Audio 2015-2021 276

Personal 2015-2021 277


Active 2015-2021 277

Passive 2015-2021 277

Other 2015-2021 278

4 APPENDICES 279

4.1 Consolidated Summary of West European Electronics Production 2015-2018 (Euro) 279

4.2 Consolidated Summary of West European Electronics Production 2015-2021 (Euro) 281

4.3 Europe’s Leading Electronics Companies 2016 285

4.4 Exchange Rates 287

4.5 Guide to Interpretation of the Statistics 288

4.6 Guide to Statistical Trade Classifications 292

4.7 Guide to the Definition of Electronic Product Headings 294

4.8 List of Sources 301


18

SAMPLE DATA

Over the following pages we provide sample data from the current edition of the report. This includes summary

data for both production and markets, and sample data from several countries.

CONSOLIDATED SUMMARY OF PRODUCTION 2016 Table 4.2

€M €M €M €M €M €M €M €M €M

Country Office Control Medical &Radio

Comms Telecomm- Compo-

Computing Equip & Instr Industrial & Radar* unications Consumer nents TOTAL

Austria 225 1 985 818 245 260 5 1487 4026

Belgium 525 - 728 381 350 124 6 713 2828

Denmark 154 - 1031 857 185 94 23 520 2863

Finland 29 - 646 525 380 280 - 417 2277

France 835 80 3147 1643 8830 1161 213 5613 21522

Germany 3045 108 21511 6728 2805 1840 1124 13282 50443

Greece 162 5 52 13 144 64 2 41 483

Ireland 1450 18 760 1338 202 106 19 4369 8262

Italy 585 29 3148 1516 2280 870 29 3847 12304

Netherlands 865 - 2256 2294 355 220 30 1093 7113

Norway 86 - 600 129 305 75 - 97 1292

Portugal 160 - 95 89 325 75 596 428 1768

Spain 250 6 310 430 750 450 18 853 3067

Sweden 73 - 1451 169 1692 1251 24 590 5250

Switzerland 326 5 3491 2026 376 273 3873 1606 11975

UK 1067 53 4773 2556 5390 317 76 3123 17355

TOTAL 9837 305 44984 21511 24614 7460 6039 38079 152828

CONSOLIDATED SUMMARY OF MARKETS 2016 Table 4.6

€M €M €M €M €M €M €M €M €M

Country Office Control Medical &Radio

Comms Telecomm- Compo-

Computing Equip & Instr Industrial & Radar* unications Consumer nents TOTAL

Austria 1501 45 734 667 572 318 624 997 5458

Belgium 2551 54 684 556 1108 438 469 1143 7003

Denmark 1375 37 406 218 380 275 254 674 3617

Finland 1140 48 448 190 359 97 239 833 3354

France 8285 314 2525 1806 6125 1931 2823 5037 28846

Germany 16770 437 9521 3459 4521 2294 5327 14909 57238

Greece 605 55 165 92 380 231 356 202 2086

Ireland 2100 23 234 260 444 188 218 1868 5335

Italy 5417 244 3343 1455 3952 1507 2156 3990 22064

Netherlands 5496 169 1646 921 1411 808 903 1885 13239

Norway 1048 45 438 272 480 181 382 367 3211

Portugal 1015 17 201 223 636 314 409 632 3447

Spain 3313 171 1472 846 3547 1497 1588 1785 14219

Sweden 1831 49 955 252 1254 463 563 1634 7001

Switzerland 3906 216 1490 584 1748 473 1097 1499 11014

UK 9856 393 3098 1754 7699 1639 3466 5029 32933


19

0

5

10

15

20

25

30

2014 2015 2016 2017 2018 2019

% Growth

3.8 IRELAND 3.8.1 Economic Outlook

Supported mainly by domestic activity Ireland’s economy is expected to grow at a solid

pace. GDP growth performed better than expected in the third quarter of 2017 as headline

figures were driven up by the activities of multinational companies in the country.

Underlying domestic activity, which excludes some of the impact of multinationals, grew

robustly by 4.9% in the first three quarters of 2017. GDP is estimated to have grown by

7.3% in 2017 and growth is expected to moderate to 4.4% in 2018 and 3.1% in 2019.

Trade figures remain heavily influenced by the activities of multinationals and are subject

to high uncertainty. In 2018 and 2019, discounting for further volatility in contract

manufacturing and imports of intellectual property services, exports are expected to

increase in line with global trade and imports in line with strong consumer demand.

Inflation remains subdued and is forecast to pick-up only gradually. In 2017, HICP inflation

increased by just 0.3%, mainly due to the fall in the pound, which lowered the prices of

goods imported from the UK. This offset the strong growth in the price of services and

energy. HCIP inflation is forecast to rise by 0.9% in 2018, mainly driven by higher services

and energy prices, and to 1.1% in 2019 with higher prices for services the prime driver.

Risks to the economic outlook are still mainly linked to the outcome of the negotiations

between the UK and the EU, and potential changes to the international taxation

environment.

Irish GDP Growth

Ireland’s Leading Economic Indicators

Actual Forecast

% Increase 2014 2015 2016 2017 2018 2019

Growth of GDP+ 8.3 25.6 5.1 7.3 4.4 3.1

Consumer Price Index* 0.3 0.0 -0.2 0.3 0.9 1.1 * Harmonised index of consumer prices, + % change on previous year includes intangible assets and transport

equipment

Source: EU 2018 Winter Economic Forecast


20

‐25.0

‐20.0

‐15.0

‐10.0

‐5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

% Growth

[]17%

Industrial27%

Comms4%

Consumer0%

Components52%

3.8.2 Electronics Industry Structure

Overview

The success of the Irish Development Agency (IDA) in attracting investment has played a major

role in the development of the electronics industry in Ireland. In 2016, the IDA reported 244 new

investments of which 91 were expansions to existing facilities and 99 were Greenfield projects. In

addition, 54 new research, development and innovation projects were approved by IDA clients.

In 2016, the number of IDA supported jobs in the computer, electronics and optical equipment

sector amounted to 20,213, and compared to 20,454 a year earlier. In addition, a further 28,911

people (2015: 26,903) were employed in the medical/dental instruments & supplies sector and

11,482 in metals and engineering (2015: 11,441).

Irish Electronics Production Growth 2009-2018

Sector Analysis

Irish Electronics Production by Sector 2017


21

0

500

1000

1500

2000

2500

3000

3500

4000

4500

2013 2014 2015 2016 2017 2018

Euro M

illions

Computing Industrial Communications Consumer Components

Although output for the computer segment increased by 2.7% in 2015 output declined by an

estimated 5.8% in 2016 and is forecast to decline by low single-digits throughout the period to

2021. This assumes that foreign multinationals will continue to support their Irish manufacturing

operations. In 2016, computing, excluding office equipment accounted for an estimated 17.6% of

overall electronics output down from 56% in 2005. In revenue terms computer related output has

fallen by around 83% since the peak in 2000 when it was valued at Euro 10.5 billion.

Summary of Irish Electronics Production

Euro Millions 2013 2014 2015 2016 2017 2018

Computing 1696 1516 1560 1468 1439 1405 Industrial 1951 2011 1986 2098 2198 2283 Communications 297 285 298 308 318 327 Consumer 61 51 21 19 18 18 Components 2093 1824 2531 4369 4233 4396 Total 6098 5687 6396 8262 8207 8429

Notes: Computing includes office equipment; Industrial combines control and instrumentation and medical and industrial; and

communications combines fixed and wireless communications (inc. defence). Due to computer rounding the summary figures

above may differ slightly from the figures presented in the main tables.

Irish Electronics Output by Major Product Group 2013-2018

Despite the uncertainties surrounding existing operations the Irish computer segment and the

broader electronics industry will continue to benefit from on-going investment in both

manufacturing and increasingly R&D.

Components represented the largest product group accounting for 51.6% of total output in 2017.

Although output for the Irish semiconductor industry has declined since the peak in 2000, with a

number of plant closures, several global players still have operations in the country, most notably

Intel, Analog Devices and Microsemi. The investment in 14nm technology at Intel’s fab in Leixlip

and the subsequent ramp-up in production has given a boost to the semiconductor sector with very

strong growth in both 2015 and 2016 although output has since stabilised.

The long-term future of the Irish semiconductor industry, certainly as a center of production, is

dependent on a few companies. Assuming that the facilities continue to receive the necessary

investment in the latest technologies we are expecting that the sector will continue to grow

throughout the period to 2021.


22

Passive component production declined by 14.0% in 2015 with a more modest fall of 2.9% in 2016.

In 2017 and 2018 output will benefit as companies increase production to meet the shortage of

components impacting the industry. However, over the longer-term we expect only modest growth

in the later part of the forecast as conditions return to normal.

In 2016, communications accounted for 3.7% of total output and although opportunities will

continue for manufacturing in niche markets it is not expected that the sector will see a significant

increase in medium to volume manufacturing over the period to 2021. However, the

communications sector, as with other areas of the Irish electronics industry, will benefit from inward

investment in R&D.

Ireland's control and instrumentation sector, although comparatively small, offers a range of

products produced by major corporations. The sector showed strong growth of 20.1% in 2014,

following two years of declining output, and posted a second year of double-digit growth in 2015.

Growth eased to 3.3% in 2016 before posting estimated growth of 8% in 2017 on the back of rising

exports. The medical electronics sector has increased from just under 1% of total electronics output in 1996

to 20.7% in 2013 but fell back to 13.8% in 2017. Production increased by 5.7% in 2016 and is

forecast to show low-single digit growth over the period to 2021.

Irish Electronics Production – Medium Term Forecast 2016-2021

Euro Millions 2016 2017 2018 2019 2020 2021

Computing 1468 1439 1405 1362 1321 1269 Industrial 2098 2198 2283 2345 2430 2523 Communications 308 318 327 333 341 349 Consumer 19 18 18 18 17 17 Components 4369 4233 4396 4325 4447 4593 Total 8262 8207 8429 8383 8556 8750

Notes: Computing includes office equipment; Industrial combines control and instrumentation and medical and industrial; and

communications combines fixed and wireless communications (inc. defence). Due to computer rounding the summary figures

above may differ slightly from the figures presented in the main tables. Forecast

Contract manufacturers have also established a significant presence in the country. Major global

EMS providers with a manufacturing base in Ireland include Benchmark Electronics, Celestica,

Flex, Jabil and Sanmina. There are also a number of medium sized companies offering electronic

manufacturing services. However, there has seen some consolidation within the sector with

companies either merging or closing facilities.

Between 2017 and 2021 computer production in Ireland is expected to decline by 11.8% as

companies look to reduce costs by moving manufacturing to lower cost locations. This will be offset

by growth in the industrial and communications segments.

The production of semiconductors, which has been boosted by the recent investments by Intel and

assuming other manufacturers remain committed to their Irish operations will show growth

throughout in the later part of the forecast period, this following an anticipated decline in 2019 in

line with the projected slowdown in the global semiconductor market.

Further investment across the electronics industry in expanding or establishing R&D capabilities is

expected to continue throughout the period to 2021.


23

Irish Electronics Production 2016-2021


24

3.6.3 GERMANY PRODUCTION

COMPUTING 2015 2016 2017 2018 Computers & Complete Euro 2016 1891 1820 1736 Systems $M 2240 2101 2045 1950 Peripherals-Storage Euro 206 194 187 178 $M 229 216 210 200 Other Peripherals & Euro 530 569 646 726 Equipment $M 589 632 725 816 Accessories & Parts Euro 415 391 454 522 $M 461 434 510 586 Total EDP Production Euro 3167 3045 3106 3162 $M 3519 3383 3490 3553

OFFICE EQUIPMENT 2015 2016 2017 2018 Photocopiers Euro 40 40 35 30 $M 44 44 39 34 Other Office Equipment Euro 71 68 62 55 $M 79 76 70 62 Total Office Equipment Euro 111 108 97 86 Production $M 123 120 109 96

CONTROL & INSTRUMENTATION 2015 2016 2017 2018 Total Industrial & Process Euro 9300 9400 9905 10351 Control $M 10333 10444 11129 11630 Instrumentation Analytical Instruments Euro 1750 1775 1896 2009 $M 1944 1972 2130 2257 Machine & Materials Test Euro 1560 1600 1638 1664 Instruments $M 1733 1778 1841 1869 Electrical Quantity Euro 420 440 443 443 Measuring Instruments $M 467 489 498 498 Other Instruments Euro 5306 5506 5627 5704 $M 5896 6118 6323 6409 Total Instrumentation Euro 9036 9321 9605 9819 $M 10040 10357 10792 11033


25

GERMANY PRODUCTION (cont)

CONTROL & INSTRUMENTATION 2015 2016 2017 2018 Accessories & Parts Euro 2738 2790 3077 3365 $M 3042 3100 3457 3781 Total Control & Euro 21074 21511 22587 23535 Instrumentation $M 23416 23901 25378 26444

MEDICAL & INDUSTRIAL 2015 2016 2017 2018 X-Ray & Medical Equipment Medical X-Ray Equipment Euro 1690 1430 1319 1305 $M 1878 1589 1482 1467 Industrial X-Ray Euro 380 372 378 412 Equipment $M 422 413 425 463 Medical Radiation Euro 27 31 30 32 Equipment $M 30 34 34 36 Industrial Radiation Euro 68 58 51 48 Equipment $M 76 64 57 54 Other Electromedical Equipment Euro 2040 2220 2129 2190 (inc Electrocardiographs) $M 2267 2467 2392 2460 Hearing Aids Euro 10 10 7 6 $M 11 11 8 6 Total X-Ray & Medical Euro 4215 4121 3915 3993 Equipment $M 4683 4579 4399 4487 Industrial Equipment Railway Signalling Euro 461 461 506 540 Equipment $M 512 512 569 606 Traffic Signalling Euro 191 217 222 220 Equipment $M 212 241 249 247 Security & Fire Alarms Euro 585 552 584 601 $M 650 613 657 676 Other Signalling Equipment Euro 290 277 315 348 $M 322 308 354 391 Other Industrial Equipment Euro 1050 1100 1188 1247 $M 1167 1222 1335 1401 Total Industrial Equipment Euro 2577 2607 2816 2956 $M 2863 2897 3164 3322 Total Medical & Industrial Euro 6792 6728 6731 6950 Production $M 7547 7476 7562 7809


26


COMMUNICATIONS & RADAR 2015 2016 2017 2018 Radar & Navigational Aids Euro 1453 1540 1530 1598 $M 1614 1711 1719 1795 Radio Comms inc Mobile Phones, Euro 1330 1265 1191 1178 Public Broadcasting & Parts $M 1478 1406 1338 1323 Total Communications & Radar Euro 2783 2805 2721 2775 $M 3092 3117 3057 3118

TELECOMMUNICATIONS 2015 2016 2017 2018 Telephone Sets Euro 420 340 311 289 $M 467 378 350 325 Other Telecoms Equipment Euro 1330 1500 1538 1601 $M 1478 1667 1728 1798 Total Telecommunications Euro 1750 1840 1849 1890 Production $M 1944 2044 2078 2123

CONSUMER 2015 2016 2017 2018 Video Equipment Colour Television Euro 164 183 189 185 $M 182 203 212 208 Digital Cameras Euro 336 390 372 368 $M 373 433 418 413 Video Tuners and Satellite Euro 15 15 15 12 Receivers $M 17 17 17 13 Total Video Equipment Euro 515 588 576 565 $M 572 653 647 635 Audio Equipment Mains Audio Equipment Euro 2 2 2 1 $M 2 2 2 2 Car Audio Euro 247 175 158 142 $M 274 194 177 159


27


CONSUMER (cont) 2015 2016 2017 2018 Other Audio Equipment Euro - - - - $M - - - - Total Audio Equipment Euro 249 177 159 143 $M 277 197 179 161 Personal Consumer Equipment Electronic Musical Euro 28 28 28 27 Instruments $M 31 31 31 31 Electric/Electronic Watches Euro 318 306 316 324 $M 353 340 355 364 Electric/Electronic Clocks Euro 22 22 17 13 $M 24 24 19 14 Electronic Flashlights Euro 3 3 2 2 $M 3 3 3 2 Total Personal Consumer Euro 371 359 363 366 Equipment $M 412 399 407 411 Total Consumer Production Euro 1135 1124 1098 1075 $M 1261 1249 1234 1207

COMPONENTS 2015 2016 2017 2018 Active Components X-Ray Tubes Euro 182 120 95 90 $M 202 133 107 101 Other Valves & Tubes Euro 45 45 42 40 $M 50 50 47 45 Diodes Euro 150 150 160 167 $M 167 167 180 188 Transistors Euro 702 687 765 802 $M 780 763 860 901 Thyristors Euro 219 211 224 228 $M 243 234 252 256 Photocells Euro 962 1083 804 820 $M 1069 1203 903 921 Other Discrete Semiconductors Euro 379 379 439 474 $M 421 421 493 533 Piezoelectric Crystals Euro 135 149 163 171 $M 150 166 183 192


28


COMPONENTS (cont) 2015 2016 2017 2018 ICs & Other Microcircuits Euro 170 165 165 160 -Hybrids $M 189 183 185 180 ICs & Other Microcircuits Euro 4582 4086 4300 4472 -Other IC's $M 5091 4540 4831 5025 Total Active Components Euro 7526 7075 7157 7424 $M 8362 7861 8042 8342 Passive Components Electrolytic Capacitors Euro 5 5 5 5 $M 6 6 6 6 Other Fixed Capacitors Euro 140 116 137 148 $M 156 129 154 166 Variable Capacitors Euro 2 2 2 2 $M 2 2 2 2 Fixed Resistors Euro 195 216 232 246 $M 217 240 261 276 Variable Resistors Euro 15 12 12 11 $M 17 13 13 12 Multi-Pin & RF Connectors Euro 1767 1862 2035 2137 $M 1963 2069 2287 2401 Other Connection Devices Euro 994 1048 1144 1195 $M 1104 1164 1285 1343 Inductors Euro 442 423 395 384 $M 491 470 444 431 Relays Euro 345 350 370 383 $M 383 389 416 430 Switches Euro 190 180 185 189 $M 211 200 208 212 Printed Circuit Boards Euro 984 990 1057 1094 $M 1093 1100 1188 1229 Total Passive Components Euro 5079 5204 5574 5794 $M 5643 5782 6263 6510


29


COMPONENTS (cont) 2015 2016 2017 2018 Other Components Microphones Euro 121 139 145 150 $M 134 154 163 169 Loudspeakers Euro 140 160 175 180 $M 156 178 197 202 Amplifiers Euro 170 180 184 188 $M 189 200 207 211 Aerials Euro 85 90 90 85 $M 94 100 101 96 Unrecorded Media Euro 150 130 110 100 $M 167 144 124 112 Cabinets for Radio, TV & Euro 4 4 4 3 Communications $M 4 4 4 4 Accessories & Parts for Euro 330 300 314 335 Consumer Equipment $M 367 333 353 376 Total Other Components Euro 1000 1003 1022 1041 $M 1111 1114 1148 1170 Total Components Production Euro 13605 13282 13753 14259 $M 15117 14758 15453 16022

TOTAL PRODUCTION - GERMANY 2015 2016 2017 2018 TOTAL PRODUCTION Euro 50417 50443 51941 53731 $M 56019 56048 58361 60372

Notes: 2015 and 2016 are current figures at current exchange rates. 2017 and 2018 are forecasts at 2017 constant values and

exchange rates (i.e. inflation is not included). Base year 2016


30

3.9.4 ITALY MARKETS

COMPUTING 2015 2016 2017 2018 2019 2020 2021 Complete Systems Euro 2555 2532 2530 2609 2671 2748 2836 $M 2839 2813 2842 2931 3001 3088 3186

Peripherals & Other Equipment Euro 1879 1821 1771 1779 1773 1776 1785 $M 2088 2023 1990 1998 1992 1996 2005

Accessories & Parts Euro 1039 1064 1035 1039 1036 1038 1043 $M 1154 1182 1163 1168 1164 1166 1172

Total EDP Market Euro 5473 5417 5336 5426 5481 5563 5663 $M 6081 6019 5995 6097 6158 6250 6363

OFFICE EQUIPMENT 2015 2016 2017 2018 2019 2020 2021 Photocopiers Euro 140 134 135 136 131 128 123 $M 156 149 152 152 147 144 139 Other Office Equipment Euro 97 110 114 117 116 117 116 $M 108 122 128 132 131 131 131 Total Office Equipment Euro 237 244 249 253 247 245 240 Market $M 263 271 280 284 278 275 269

CONTROL & INSTRUMENTAION 2015 2016 2017 2018 2019 2020 2021 Industrial & Process Control Industrial & Process Total Euro 1409 1465 1497 1532 1561 1601 1645 $M 1566 1628 1682 1722 1754 1799 1848 Instrumentation Analytical Instruments Euro 222 221 226 231 235 241 248 $M 247 246 254 260 265 271 279 Nucleonic Instruments Euro 19 20 20 19 19 18 18 $M 21 22 22 22 21 21 20 Signal Generators Euro 15 11 10 10 10 9 9 $M 17 12 12 11 11 10 10 Telecommunications Euro 27 18 18 18 18 18 17 Instruments $M 30 20 20 20 20 20 20 Machine & Materials Test Euro 117 119 120 122 123 125 127 Instruments $M 130 132 135 137 138 141 143 Electrical Quantity Euro 72 71 72 73 74 75 76 Measuring Instruments $M 80 79 81 82 83 84 85 Other Test & Measuring Euro 998 1021 1039 1059 1074 1096 1122 Instruments $M 1109 1134 1167 1189 1206 1232 1260 Total Instrumentation Euro 1470 1481 1505 1532 1551 1583 1617 $M 1633 1646 1691 1721 1743 1778 1817


31

ITALY MARKETS (cont)

CONTROL & INSTRUMENTAION (cont) 2015 2016 2017 2018 2019 2020 2021 Control & Instrumentation (cont) Accessories & Parts Euro 393 397 402 407 411 418 425 $M 437 441 451 458 462 469 477 Total Control & Euro 3272 3343 3403 3471 3523 3601 3687 Instrumentation $M 3636 3714 3824 3900 3959 4046 4143

MEDICAL & INDUSTRIAL 2015 2016 2017 2018 2019 2020 2021 X-Ray & Medical Equipment X-Ray Equipment Euro 182 150 151 152 152 154 155 $M 202 167 170 171 171 173 174 Other Electromedical Equipment Euro 686 721 744 767 786 811 838 $M 762 801 836 861 883 911 941 Hearing Aids Euro 48 50 50 50 49 49 49 $M 53 56 56 56 56 56 56 Total X-Ray & Medical Euro 916 921 945 969 988 1014 1042 Equipment $M 1018 1023 1062 1088 1110 1139 1171 Industrial Equipment Railway & Traffic Signalling Euro 38 81 82 82 82 82 83 Equipment $M 42 90 92 92 92 93 94 Other Signalling Euro 392 407 421 436 447 461 477 Equipment $M 436 452 474 490 503 518 536 Other Industrial Euro 43 46 46 47 47 47 47 Equipment $M 48 51 52 53 52 53 53 Total Industrial Equipment Euro 473 534 549 565 576 590 608 $M 526 593 617 635 647 663 683 Total Medical & Industrial Euro 1389 1455 1494 1533 1564 1604 1650 Market $M 1543 1617 1679 1723 1757 1802 1854

COMMUNICATIONS & RADAR 2015 2016 2017 2018 2019 2020 2021 Radar & Navigational Aids Euro 930 898 918 937 953 973 999 $M 1033 998 1032 1053 1070 1093 1123 Radio Comms inc Mobile Phones, Euro 3036 3054 3133 3207 3270 3351 3450 Public Broadcasting & Parts $M 3373 3393 3520 3603 3674 3765 3877 Total Communications & Euro 3966 3952 4051 4144 4223 4324 4449 Radar Market $M 4407 4391 4551 4656 4745 4858 4999


32


TELECOMMUNICATIONS 2015 2016 2017 2018 2019 2020 2021 Telephone Sets Euro 122 116 115 115 113 113 113 $M 136 129 130 129 127 127 127

Other Telecommunications Euro 1371 1391 1419 1450 1467 1501 1538 Equipment $M 1523 1546 1594 1629 1649 1686 1728 Total Telecommunications Euro 1493 1507 1534 1565 1580 1614 1651 Market $M 1659 1674 1724 1758 1776 1813 1855

CONSUMER 2015 2016 2017 2018 2019 2020 2021 Video Equipment Colour Television Euro 1161 1178 1154 1159 1124 1141 1130 $M 1290 1309 1297 1302 1263 1282 1270 DVD Players & Recorders Euro 43 40 33 28 24 20 16 $M 48 44 37 31 27 22 18

Video & Digital Still Cameras Euro 307 288 282 274 260 252 245 $M 341 320 317 308 292 283 275

Video Tuners & Satellite Euro 126 122 118 114 108 104 101 Receivers $M 140 136 133 128 121 117 113

Total Video Equipment Euro 1637 1628 1587 1575 1516 1517 1492 $M 1819 1809 1783 1770 1703 1704 1676 Audio Equipment Portable Audio Equipment Euro 37 38 37 37 35 33 31 $M 41 42 42 41 39 37 35

Mains audio Equipment Euro 31 32 30 28 25 23 20 $M 34 36 34 32 29 26 23

Car Audio Euro 86 89 93 96 97 97 97 $M 96 99 104 108 110 109 109 Other Audio Equipment Euro 146 145 147 148 145 140 136 $M 162 161 165 166 163 158 152 Total Audio Equipment Euro 300 304 307 309 303 293 284 $M 333 338 345 347 340 330 319


33


CONSUMER (cont) 2015 2016 2017 2018 2019 2020 2021Personal Consumer Equipment Electronic Musical Euro 22 23 24 26 27 28 30 Instruments $M 24 26 27 29 30 32 34

Electric/Electronic Watches Euro 184 185 188 190 192 195 197 $M 204 206 211 214 216 219 221

Electric/Electronic Clocks Euro 12 13 14 14 15 15 16 $M 13 14 15 16 17 17 18

Electronic Flashlights Euro 3 3 3 3 2 2 2 $M 3 3 3 3 3 2 2

Total Personal Consumer Euro 221 224 228 233 236 241 245 Equipment $M 246 249 257 262 266 270 275

Total Consumer Market Euro 2158 2156 2123 2117 2055 2051 2021 $M 2398 2396 2385 2379 2309 2304 2270

2015 2016 2017 2018 2019 2020 2021 Active Components Valves & Tubes Euro 34 27 29 30 29 28 27 $M 38 30 33 34 33 31 30

Diodes Euro 81 80 84 87 87 89 90 $M 90 89 94 98 98 100 101

Transistors Euro 110 111 118 122 123 125 128 $M 122 123 133 137 138 140 144

Thyristors Euro 15 17 18 18 18 18 19 $M 17 19 20 20 20 20 21

Other Discrete Euro 175 187 198 207 209 213 219 Semiconductors $M 194 208 222 233 235 239 246

Photoelectric Cells Euro 486 295 288 294 300 308 315 $M 540 328 324 330 337 346 354

Piezoelectric Crystals Euro 23 22 25 26 26 27 28 $M 26 24 28 29 29 30 31

ICs& Other Microcircuits Euro 1478 1488 1648 1763 1742 1767 1800 $M 1642 1653 1852 1981 1957 1985 2022

Total Active Components Euro 2402 2227 2408 2547 2534 2575 2626 $M 2669 2474 2706 2862 2847 2893 2951 Passive Components Fixed Capacitors Euro 94 94 105 110 112 114 117 $M 104 104 118 124 126 128 131

Variable Capacitors Euro 2 1 2 2 2 2 2 $M 2 1 2 2 2 2 2


34


COMPONENTS (cont) 2015 2016 2017 2018 2019 2020 2021 Passive Components (cont) Resistors Euro 82 85 93 100 101 103 105 $M 91 94 104 112 113 116 118

Total Connectors Euro 376 378 392 405 411 420 431 $M 418 420 440 455 462 472 484

Transformers & Inductors Euro 64 63 65 66 67 67 69 $M 71 70 73 74 75 75 78

Relays Euro 60 60 62 63 63 62 64 $M 67 67 70 71 71 70 72

Switches Euro 56 57 58 59 59 60 61 $M 62 63 65 66 66 67 69

Printed Circuit Boards Euro 341 350 367 377 383 391 400 $M 379 389 412 424 430 439 449

Total Passive Components Euro 1075 1088 1144 1182 1198 1219 1249 $M 1194 1209 1285 1328 1346 1370 1403 Other Components Microphones Euro 21 23 24 25 26 26 27 $M 23 26 27 28 29 29 30

Loudspeakers Euro 116 135 143 149 150 153 157 $M 129 150 161 167 169 172 176

Amplifiers Euro 35 36 36 36 35 34 33 $M 39 40 40 40 39 38 37

Aerials Euro 49 47 46 45 44 43 42 $M 54 52 52 51 49 48 47

Unrecorded Media Euro 125 118 112 105 99 91 84 $M 139 131 126 118 111 102 94 Accessories & Parts for Euro 304 316 325 332 322 327 330 Consumer Equipment $M 338 351 365 373 362 367 371

Total Other Components Euro 650 675 686 692 676 674 673 $M 722 750 771 778 760 757 756

Total Components Market Euro 4127 3990 4238 4421 4408 4468 4548 $M 4586 4433 4762 4967 4953 5020 5110

TOTAL MARKET - ITALY 2015 2016 2017 2018 2019 2020 2021 TOTAL MARKET Euro 22115 22064 22428 22931 23082 23469 23908 $M 24572 24516 25200 25765 25934 26369 26863

Notes: 2015 and 2016 are current figures at current exchange rates

2017 to 2021 are forecasts at 2017 constant values & exchange rates (i.e. Inflation is not included)

Base year 2016

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