This graph shows the estimated growth rates for the global electronics industry from 2010 through 2013, by region. In 2013, the European electronics industry is expected to grow by around three percent over the previous year.
Estimated growth rates for the global electronics industry
The electrical and electronics industry comprises a variety of products, ranging from aerospace products, lamps and light fixtures including light-emitting diodes, consumer electronics such as television sets, electrical household appliances, electronic medical equipment, microelectronic components and automation systems to automotive telematics such as on-board diagnostics (OBD), in-car touch screens, park cameras and navigation systems.
Globally, the industry is expected to grow by around six percent in 2013. Although the outlook for Japan’s electrical and electronics industry continues to be bleak, Asia is predicted to experience the strongest growth. The European electrical and electronics market is projected to remain sluggish, hovering around three percent in 2013. In 2011, the market for electrical and electronic products was sized at about 4.6 billion US dollars (or around 3.4 billion euros). That year, China contributed some 1.2 billion US dollars (or about 875 million euros), and the US market was valued at almost 590 billion US dollars (or some 434 billion euros). In the consumer electronics segment, growing demand for selected products related to the ‘connected home’ concept, as well as for media tablets and smartphones is expected to offset declining sales of personal computers.