The Spanish 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 Spain.
Electronics output in Spain increased by 4.3% in 2017, the fourth year of robust growth (2016: 4.4%/2015: 5.8%/2014: 6.1%). Growth, however, eased to 1.0% in 2018 and is expected to fall to 0.2% in 2019 as demand weakens in both domestic and key export markets. Although downside risk remain, including competition from lower cost locations, output is forecast to increase by 1.8% in 2020 and then average 2.7% in 2021 and 2022. Once one of the major sectors of the Spanish electronics industry – in 2000 it accounted for 36% of the total – the output of telecommunications equipment has stabilised since 2014.
Following growth of 2.2% in 2017, down from 4.7% in the prior year, output increased by an estimated 3.4% in 2018 but is expected to ease to 2.1% in 2019. The communications and radar segment, is dominated by the production of radar and navigational aids the two product groups accounting for 74.3% of the total in 2018. Although the sector is expected to post two consecutive years of declining output between 2018 and 2019 over the period to 2022 the sector will benefit from the on-going growth in the aerospace industry and the expected increase in global defence spending. The industrial segment was the main driver of growth in 2017 and 2018 increasing by 7.4% and 4.1%, respectively. Growth is broad-based and across all three product categories. As with other segments of the electronics industry growth is forecast to ease in 2019 in line with weaker domestic and foreign demand and is projected to increase by 1.9% for the year as a whole.
After increasing by 4.2% in 2016 production of computer equipment returned to the underlying trend witnessed in recent years of declining output. However, the decline was modest at 0.4% in 2017 and was estimated to have posted growth of 0.5% before declining by a more substantial 1.5% in 2019. Components accounted for 28.7% of output in 2018 with passive components dominating production. After several years of strong growth passive component production was virtually flat in 2018 a trend which is forecast to continue in 2019 as demand weakens as a result of the slowdown in equipment 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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