The Norwegian Electronics Industry Report provides essential market intelligence for all sizes of company from small enterprises to major global groups and for financial/management consultancies, government agencies and academia requiring a reliable overview of the electronics industry in Norway.
Output for the Norwegian electronics industry declined by 4.1% in 2017 and compared to an increase of 1.6% in the prior year, and was primarily the result of a 7.6% decline in the production of control and instrumentation equipment the largest sector. Output rebounded in 2018 increasing by 4.4% but growth is forecast to ease to 2.4% in 2019. Products for Norway's important offshore oil and gas sector have created major opportunities for electronics in the field of control and instrumentation and as a result this sector has become increasingly well-established on the international market.
Output was impacted by weaker exports and subdued demand domestically in both 2016 and 2017 but on the back of a recovery in the oil and gas sector as well as an improving economy following the slowdown in 2019 should post annual growth of around 4.0% over the period to 2022. The sector overall accounted for 44.7% of total electronics output in 2018. As highlighted, Norwegian companies have a strong presence globally in the supply of communications and radar and navigation equipment (including defence). The segment accounted for 30% of electronics output in 2018 of which the majority, 79.4%, was related to the communications and radar segment.
Following a modest decline of 1.8% in 2017 output increased by 4.0% in 2018 and although growth is expected to ease to 2.3% in 2019 it is forecast to gain momentum over the following three years and reach 3.3% in 2022. Medical accounted for 7.1% of electronics production in 2018 and posted growth of 13.2% for the year as a whole. Output is forecast to ease to 4.0% in 2019 but is expected to be the fastest growing segment within the Norwegian electronics industry over the period to 2022 with growth of around 6.0% annually. Although output of computer equipment increased by 5.0% in 2017 production declined by 4.2% in 2018 and is forecast to fall by a further 5.0% in 2019 and then track down over the period to 2022. In 2018, the segment accounted for 6.7% of total production.
This report is designed to provide the user with access to individual country data or product information. The full report will be supplied in PDF and Excel format to allow you to customise the data to meet your specific needs. The database is the leading source of “top-level” market and production data on the European and global electronics industry. It provides a quick, reliable and cost-effective assessment of the industry for individual countries or by major product group. Users requiring more extensive data requirements should refer to the full Yearbook Series, a unique reference to electronics market and production data on 51 countries worldwide.
Who will benefit
Market Data and Forecasts 2016-2022
Production Data 2016-2019
Methodologies/Guide to Statistics
Control & Instrumentation
Medical & Industrial
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