Asia's emerging economies enter electronic equipment prod'n
The growth is said to be spurred by the rising demand for automotive, industrial, and aerospace electronics—an opportunity that will improve the position of Japan, North America, and Europe in an industry long dominated by China.
Figure 1: Global electronic equipment production by region in 2012 (centre) and 2017 (outer). Source: Decision Etudes Conseil
By the end of the forecast period, China will still be the largest manufacturer of electronic equipment holding 36 per cent of the total global supply, but will have lost a portion of its market share.
Japan, North America, and Europe have already lost most of the world's computer, communications and consumer electronics production but the situation is now relatively stable, the report suggests. Other sectors such as strategic aerospace and military production, industrial, automotive and medical equipment production is less likely to migrate, but China will feel the pressure from emerging territories such as India, Vietnam and Malaysia.
Figure 2: Electronic equipment production growth rates per year in Europe, North America and Japan. Source: Decision Etudes Conseil
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