LOS ALTOS, CA -- Electronics demand will accelerate over the next two years, with the US and Japan making healthy comebacks, a new forecast asserts. The overall gains will will be modest versus historical trends, however, in part due to the lack of a killer app, says Henderson Ventures.
Worldwide electronics sales will rise 1.9% in 2013, followed by 5.5% next year and 6.4% in 2015.
The US is forecast to growth 3.1% and 5.4%, respectively, in the next two years, after a 3% drop in 2013. Japan will reverse several years of declines by rising 3.6% in 2014 and 4.4% in 2015, Henderson says. Western Europe will bounce back from two straight years of recession by rising 2% in 2014 and 2.7% in 2015. China, which is forecast to rise 4.3% this year -- the only region expected to grow -- will jump 6.9% in 2014 and 7.5% in 2015.
Henderson's forecast, though tepid, is still an improvement over the firm's previous outlook in July.
Henderson cited modest global economic growth, slowing demand from emerging economies, and a lack of the "next big thing" in the near-term as reasons for the reserved outlook. Automotive electronics will post the fastest growth during the next two years, the firm said, on higher demand for onboard electronics.