While the electronics sector was traditionally driven by the consumer electronics market, this has recently been overtaken by markets more closely related to embedded electronics.
Semiconductors have a pervasive use throughout numerous application sectors. While semiconductor content in equipment has experienced a rapid growth, markets around AI and IoT related semiconductors are also seeing significant growth forecasts.
Europe is especially well positioned in electronics segments covering the automotive industry, industrial, aeronautics, defence, security and healthcare electronics, but weaker in the stand-alone and consumer electronics segments. While EU27 electronics employment is concentrated in a handful of countries, Central Eastern European countries, in particular, have experienced employment growth.