In terms of growth, global electronics production is projected to be one of the fastest growing manufacturing sectors between 2024 and 2026. With projected growth of 8.2% in 2024, expansion is expected to remain at robust levels, surpassing 5% in 2025 and 2026.
The main drivers of this growth are accelerated digitalization, industrial automation and growing demand for advanced semiconductors, especially related to emerging segments such as artificial intelligence (AI) and electric vehicles (EV).
Growing Market Segments
- Semiconductors: Semiconductor sales are expected to grow more than 10% annually over the next two years, driven primarily by the explosion of AI.
- Telecommunications Equipment: After a period of stagnation in 2023 and 2024, there is expected to be a robust increase in production and sales in 2025 and 2026, despite the slowdown in demand for smartphones due to market saturation. 5G infrastructure is contributing to this growth.
Industry by Region: America
Breakdown of Performance in North America
- USA: 6.6% growth is forecast in electronics and computer production in 2024. This growth is predominantly driven by the electronic components and boards subsector, which is expected to increase by 8.3% in 2024. Key investments for the sector, such as the CHIPS Act and Science Act of 2022, support this expansion with substantial subsidies and tax credits.
- Canada and Mexico: They face more modest growth expectations, with forecasts showing significant slowdowns before regaining strength in 2025.
The acceleration of digitalization, industrial automation and the increase in demand for semiconductors will contribute to the good performance of the ICT sector
Situation and Prospects in Europe
European Industry Prospecting
The EU and UK electronics industry is showing signs of recovery after a 0.8% contraction in 2024. An increase of 3.7% is anticipated in 2025, driven by more favorable financial conditions and recovery in key sectors such as automotive . However, challenges remain in establishing advanced semiconductor production, as it is estimated that Europe may not reach its goal of 20% global production by 2030 due to limitations in subsidies and operating costs.
Performance in Asia-Pacific
Advances in Technology in East Asia
In markets such as Japan, South Korea and Taiwan, demand for high-tech products is expected to continue growing, although there are negative risks due to restrictions imposed by the US on the export of advanced chips to China. Despite these challenges, high-tech economies in this region are benefiting from growing demand for semiconductors, driven by global automation and digitalization.
- China: The high-tech sector is fundamental to the Chinese economy, with growth forecasts of 11.3% by 2024. However, a possible increase in tariffs by the US could deeply affect electronic production and exports.
