Asia drives global electronics industry’s growth

Article By : BizVibe

China, the world's largest producer of electronic products, will see its electronics output increase by 3.4% in 2017.

With China, India and Malaysia at the helm, Asia's electronics industry is expected to grow at a steady pace and further strengthen its share in the global market in the coming years, according to analysts at BizVibe.

The market research firm named China as the leader of the global semiconductor market and the world’s largest producer of electronic products accounting for well over a third of global production. In 2017, China’s electronics output is forecasted to increase by 3.4%, while electronics equipment will increase by 2.0% and electronic components are likely to rise by 8.7%.

Meanwhile, India’s consumer electronics market rebounded in 2015 and 2016 with growth figures of 12.6% and 14.2% respectively, and its electronic industry growth is forecasted to show growth in the double-digits by 2017.

Another leading country in the electronic market is Malaysia. Driven by high value-added products such as semiconductors, Malaysia is likely to see an 8.4% increase in its electronic output in 2017, analysts said.