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Electronics Production | June 23, 2008

Electronics components see growth in 2008

The German market for electronic components has been estimated by the ZVEI organisation (Electronic Components and Systems) to grow in 2008 by almost 2% to € 17.4 billion. Last year, sales decreased to € 17.1 billion (down 1.6% compared to 2006). For 2009, a growth of just over 3% is expected.
"After a period of stagnation in sales, we again see a solid growth of markets for electronic components," said Dr. Martin Stark, chairman of the Association. This is based mainly on a significant increase in demand for electronic components in the segments Automotive and Industrial electronics. The segment of information technology will show – for the first time after two years of decline – a moderate growth this year. Telecommunications and consumer electronics sales will decline.

The slight decline in sales in Germany in 2007 is due to weak semiconductor sales (minus 4.2%). The market experts at ZVEI expect for 2008 however, a slight recovery. Semiconductors continue to dominate – with a market share of over 62% - the overall market for electronic components.

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