Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Europe's microtechnology industry is attuned to growth

10.03.2017

Global economic, social and political developments as well as technological disruptions like the digital transformation do not leave the representatives of the European microtechnology industry unaffected. Nevertheless, growth forecasts for the next three years are distinctively positive. More than 80 percent of the companies expect to increase sales in the period from 2017 to 2019. The number of employees is also expected to rise in more than three-quarters of the companies.

Increasing growth rates during the last four years are likely to have given rise to this optimism in the microtechnology industry: since 2013, the share of companies that have been able to increase their turnover and their number of employees has risen steadily. In 2016, more than half of the microtechnology companies achieved an increase in sales. Almost half of companies hired additional staff last year.


Economic development in the European microtechnology industry 2017-2019

IVAM Research


Major export regions

IVAM Research


China is expected to become major overseas market

The export business of the European microtechnology industry will also continue to improve over the next three years. More than half of the companies expect that the share of turnover generated by exports will rise during this period.

The EU and the European Free Trade Association (EFTA) are the most important sales and export regions for more than half of the European companies. The USA is the most important overseas market, still. During the next three years, however, China – currently one of the EU's fastest growing export markets – is expected to outrank the USA as the most important overseas trading partner for European microtechnology companies.

The unstable economic growth in China, however, might slow down this development in favor of China is. Nearly 17 percent of the microtechnology companies regard this as an uncertainty for the development of their foreign business. Oppositely, the new protectionism in the US economic policy is a factor that might make the US market more difficult to access and give China a growing advantage. The walling-off of the US market enforced by the Trump government is an uncertainty for more than half of the European microtechnology companies.

The information has been collected by the IVAM Microtechnology Network in its annual economic data survey among microtechnology companies and research institutions throughout Europe.

About the IVAM Survey:

Once a year, the IVAM Microtechnology Network collects economic data among companies and research organizations that are active in the fields of microtechnology, MEMS, nanotechnology, advanced materials, optical and / or photonics technologies. In January and February 2017, 4,000 companies and research institutes in Europe have been asked about their economic situation and expectations, their major target markets and foreign markets, external and internal challenges, and the digital transformation. The participants are mostly from countries in Central, Western and Northern Europe.

Weitere Informationen:

http://Further information:
http://www.ivam.de/research

Mona Okroy-Hellweg | idw - Informationsdienst Wissenschaft

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Explosion on Jupiter-sized star 10 times more powerful than ever seen on our sun

A stellar flare 10 times more powerful than anything seen on our sun has burst from an ultracool star almost the same size as Jupiter

  • Coolest and smallest star to produce a superflare found
  • Star is a tenth of the radius of our Sun
  • Researchers led by University of Warwick could only see...

Im Focus: Quantum simulation more stable than expected

A localization phenomenon boosts the accuracy of solving quantum many-body problems with quantum computers which are otherwise challenging for conventional computers. This brings such digital quantum simulation within reach on quantum devices available today.

Quantum computers promise to solve certain computational problems exponentially faster than any classical machine. “A particularly promising application is the...

Im Focus: Largest, fastest array of microscopic 'traffic cops' for optical communications

The technology could revolutionize how information travels through data centers and artificial intelligence networks

Engineers at the University of California, Berkeley have built a new photonic switch that can control the direction of light passing through optical fibers...

Im Focus: A long-distance relationship in femtoseconds

Physicists observe how electron-hole pairs drift apart at ultrafast speed, but still remain strongly bound.

Modern electronics relies on ultrafast charge motion on ever shorter length scales. Physicists from Regensburg and Gothenburg have now succeeded in resolving a...

Im Focus: Researchers 3D print metamaterials with novel optical properties

Engineers create novel optical devices, including a moth eye-inspired omnidirectional microwave antenna

A team of engineers at Tufts University has developed a series of 3D printed metamaterials with unique microwave or optical properties that go beyond what is...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Revered mathematicians and computer scientists converge with 200 young researchers in Heidelberg!

17.04.2019 | Event News

First dust conference in the Central Asian part of the earth’s dust belt

15.04.2019 | Event News

Fraunhofer FHR at the IEEE Radar Conference 2019 in Boston, USA

09.04.2019 | Event News

 
Latest News

New automated biological-sample analysis systems to accelerate disease detection

18.04.2019 | Life Sciences

Explosion on Jupiter-sized star 10 times more powerful than ever seen on our sun

18.04.2019 | Physics and Astronomy

New eDNA technology used to quickly assess coral reefs

18.04.2019 | Life Sciences

VideoLinks
Science & Research
Overview of more VideoLinks >>>