Global electronics production, valued at more than €1.410 trillion (about US$1.96 trillion) in 2012, will show a compound annual growth rate of 3.2 percent over the period to 2017 when the market will reach €1.655 trillion (about US$2.30 trillion), according to the market analysis firm.
However, while North America, Europe and Japan have lost a large share of equipment manufacturing to China over the last ten years, it is now China’s turn to feel the pressure from emerging economies. And with rising demand for high value professional electronics in industrial, automotive and aerospace applications there is an opportunity for North America, Europe and Japan over the next five years.