Interference Technology has recently taken a look at the European Electronics and EMC Market. Below are a few interesting facts we learned.
- The European Union’s GDP was estimated at USD$14.5 trillion (€12.04 trillion) in 2009, making it the single largest economy in the world.
- The European continent has over 50 nations. The European Union has 27 member nations, single market. 16 of these adopted the Euro currency to create the EuroZone.
- European electronics production is forecast to be USD$310 billion (€257.4 billion) in 2011, third largest after China and Japan.
- Central and Eastern European (CEE) countries will make up 21% of European output by 2011, growing (by 50%) from 14% in 2006, and predicted to grow substantially over the next few years.
- Military, medical, high-end communications and automotive electronics are predicted to be future growth markets for European electronics.
- Key challenges for the EMC industry in penetrating the Europe markets include a) absence of EMC media, b) fragmented distribution channels.
Get an insight into Europe’s electronics market, how it is changing and what the impact may be for EMC suppliers in our full report, “Overview of the European Electronics and EMC Market.”
