Published since 1990 Volume 3 of the Yearbook of World Electronics Data extends our coverage to include several emerging markets, significantly China, Mexico and Turkey.
China now accounts for over a third of global electronics production and although growth will slow from the high double-digit rates seen in the recent past it will continue to attract inward investment and remain the center for high-volume production. Burgeoning domestic demand will also boost domestic production. The country however will face increasing pressures including escalating wages and potentially increased competition from other low-cost locations. Since the publication of the last edition Vietnam has made significant gains with the country now a centre for mobile phone production but will require significant investment in infrastructure and a major commitment by the leading EMS/ODMs to re-locate operations to the country. Mexico, due to its close proximity to the US has become a major center for the production of computer and consumer products and in particular TVs and mobile phones. The country has however suffered on the back of weaker demand in the US for PCs and LCD TVs but is expected to return to growth in 2014 as demand recovers. Turkey remains a key manufacturing hub for LCD TVs for the West European market but like Mexico has been impacted by lower demand, although this has been partially offset by a strong domestic market.
To take advantage of the opportunities within the global electronics industry will require a clear understanding of the current structure of the global electronics industry, how it has developed on a country, regional and global level. In addition to market and production data on nine countries the Volume 3 also contains a unique global summary covering production data 2011-2014 and market data 2011-2017 for the 53 countries covered in the Yearbook database.
Growth within the global electronics industry started to gain momentum in the later part of 2013 a trend which will continue in 2014 and then accelerate in the period to 2017, with stronger growth in the emerging markets. Growth is being driven by the improved outlook for the global economy although downside risks still remain, in particular from geopolitical events globally including the Ukraine and the Middle East.
China is the largest producer of electronic products accounting for over a third of global production in 2013 and as such events in the country dominate the electronics industry. In 2013, electronic output increased by 5% to US$613 billion down from growth of 6% a year earlier, and is forecast to pick-up slightly in 2014 to 5.5%.
Over the longer-term growth in the Chinese electronics industry is expected to slow as the industry matures. Rising labour costs, due in part to stricter labour regulations will also contribute to potentially slower growth over the coming years. To offset rising costs companies have relocated some production to rural areas. Other factors which will have an impact on electronics output over the medium term include increased competition from other countries as a base for low-cost manufacturing, the move by foreign companies to reduce its reliance on China and the move to “re-shore” production back to Western Europe and the US.
Though China dominates electronics production in Asia and globally, other Asian countries have established significant electronics industries, with South Korea, Taiwan, Malaysia and Singapore all playing an important role within the global market.
Who will benefit:
The Yearbook is essential research providing key data for all areas of the electronics industry including:
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.
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