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.
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.
Mona Okroy-Hellweg | idw - Informationsdienst Wissenschaft
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
Researchers at the University of Bayreuth have discovered an unusual material: When cooled down to two degrees Celsius, its crystal structure and electronic properties change abruptly and significantly. In this new state, the distances between iron atoms can be tailored with the help of light beams. This opens up intriguing possibilities for application in the field of information technology. The scientists have presented their discovery in the journal "Angewandte Chemie - International Edition". The new findings are the result of close cooperation with partnering facilities in Augsburg, Dresden, Hamburg, and Moscow.
The material is an unusual form of iron oxide with the formula Fe₅O₆. The researchers produced it at a pressure of 15 gigapascals in a high-pressure laboratory...
Study by Mainz physicists indicates that the next generation of neutrino experiments may well find the answer to one of the most pressing issues in neutrino physics
Among the most exciting challenges in modern physics is the identification of the neutrino mass ordering. Physicists from the Cluster of Excellence PRISMA+ at...
Fraunhofer researchers are investigating the potential of microimplants to stimulate nerve cells and treat chronic conditions like asthma, diabetes, or Parkinson’s disease. Find out what makes this form of treatment so appealing and which challenges the researchers still have to master.
A study by the Robert Koch Institute has found that one in four women will suffer from weak bladders at some point in their lives. Treatments of this condition...
The operational speed of semiconductors in various electronic and optoelectronic devices is limited to several gigahertz (a billion oscillations per second). This constrains the upper limit of the operational speed of computing. Now researchers from the Max Planck Institute for the Structure and Dynamics of Matter in Hamburg, Germany, and the Indian Institute of Technology in Bombay have explained how these processes can be sped up through the use of light waves and defected solid materials.
Light waves perform several hundred trillion oscillations per second. Hence, it is natural to envision employing light oscillations to drive the electronic...
Most natural and artificial surfaces are rough: metals and even glasses that appear smooth to the naked eye can look like jagged mountain ranges under the microscope. There is currently no uniform theory about the origin of this roughness despite it being observed on all scales, from the atomic to the tectonic. Scientists suspect that the rough surface is formed by irreversible plastic deformation that occurs in many processes of mechanical machining of components such as milling.
Prof. Dr. Lars Pastewka from the Simulation group at the Department of Microsystems Engineering at the University of Freiburg and his team have simulated such...
12.02.2020 | Event News
16.01.2020 | Event News
15.01.2020 | Event News
27.02.2020 | Life Sciences
27.02.2020 | Life Sciences
27.02.2020 | Life Sciences