The global electronics sector is expected to see a 3% CAGR over 2017-2025. Expanding Asian markets will land most investments into production in Asia Pacific. Unsurprisingly, nine out of 10 key electronics-driving countries will be based in the region. The global electronics sector will undergo a transformation over 2017-2025, due to the shift of production of low-cost goods from China, rising new electronics hubs, and countries’ incentives aimed at increasing fabrication of electronic parts.
The global electronics sector is expected to see a 3% CAGR over 2017-2025 to reach USD7.3trillion , led by developing countries’ expanding markets.
China will remain the world’s electronics factory. The country will produce 50% of global electronics in value terms in 2025.
Southeast Asia, led by the Philippines, Malaysia,Indonesia and Thailand, along with Vietnam, is setto remain a vibrant electronics hub, combining both established and rising new countries.
Vietnam has become an important player in the global electronics sector, thanks to investments in the mobile phone production value chain. The country’s electronics sector grew by a 14% CAGR over 2012-2017, with an expected 6% CAGR over 2017-2025.
Taiwan’s electronics sector is dominated by production of components, making the country the second-largest electronic components producer in the world after China. The country produces around 12% of electronic components globally.
South Korea’s electronics sector is primarily characterised by two major players; Samsung Electronics Co Ltd and LG Electronics Inc – and numerous automotive electronics producers
India is an attractive electronics production hub in Asia Pacific. The country boasts a vast labour force,competitive cost structure and an immense potential market, bringing investments in electronics production.
Poland ranks as the only country outside AsiaPacific in the TOP 10 countries with the highest growth potential over 2017-2025.
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