The European Electronic Component Manufacturers Association said it sees the EU market for components growing by 9.4 per cent in 1998 to Ecu38.583 billion, from 35.283 billion this year.
The growth in 1998 follows a 2.8 per cent rise in 1996 and 4.4 per cent in 1997, the association said, noting how this is against a background of market growth in value of semiconductor memory components despite their lower prices.
"As Germany and other parts of Europe are now moving solidly out of recession, we expect the European electronic components market to show more rapid growth than in recent years," said association president Harry Tee.
Volumes of components shipped have again increased, countering the continuous price erosion across all sectors, the association said.
Fastest 1998 growth is expected in the UK market, up 11.6 per cent, followed by Sweden, up 11 per cent, followed by France and Italy.
Mobile communications are seen driving the Swedish market while computing is the top UK market, followed by communications; in Germany the strongest sectors are computing and industrial electronics.
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