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World Electronic Industries 20082013 Report
May 11, 2009 |Estimated reading time: 2 minutes
LYON, France Yole Développement is distributing "World Electronic Industries 2008 2013" report from DECISION. This latest edition includes new markets like solid-state lighting (including "green" lighting, LED lamps, electronic ballasts) and energy with photovoltaic panels. Additional updates were made to telecom and medical market reports.
The current economic crisis has reversed the electronics industry outlook. "The real question today is no longer the trend and how many mobile phones will be sold in 2013, but where will we be in six months?" asserted David Enu, senior consultant, DECISION. The company predicts that the electronics industry will experience a major decline in 2009 of up to -10%.
The long-term consequences are huge: the outlook for the electronics industry is to reach the level of GDP growth whereas some years ago the growth of the electronic industry was increasing two times faster than GDP. The average annual growth between 2008 and 2013 should not exceed 3% per year. This means that the crisis ends in late 2009, DECISION asserts, and, after a mixed 2010, the growth rate will rebound to 6% per year in 2011, 2012, and 2013.
Starting in U.S. households, the crisis directly affects all consumer segments for which the U.S. is the largest market. In parallel, sales of cars full of electronics are also affected by the lack of credit. The cri-sis is global, affecting automotive, household, construction, and manufacturing equipment. Europe is being stricken for the first time. The Asian industry, the most dynamic market for European goods, is a second shock for Europeans. In turn, European households will reduce their expenses, says the DECISION report.
Very few players will be spared from price pressures and decreased manufacturing activity. DECISION predicts Audio Video: -7.1%; Appliances: -2.5%; Computer: -9.8%; Telecoms: -7.5%; Aerospace/Defense: +4.5%; Automotive: -14.7%; Industrial: -3.7%. Total decline of 6.8%.
Some of the products to shrink are TVs: -10.9%; PCs: -11.6%; Cell phones: -11.2%; and ESP: -23.6%.
For telecom networks, it became essential to distinguish major opportunities and technologies to moni-tor the pace of investments between fixed and mobile networks, market operators, and private net-works for businesses. For medical electronics, the main focus, imaging, now only represents half of the market, thus it became necessary to distinguish and present figures about cardiac implants and medical supplies in detail, for instance.
Industrialists, politicians, and consumers make the selection and DECISION anticipates the risk of their ability to evolve and gives guidance on the necessary impetus on the drivers of change. This database has existed for almost fifteen years. The company started with a European focus and extended it year by year to now cover the world.
For more information, e-mail eloy@yole.fr and jourdan@yole.fr.