SEMICON Korea / LED Korea 2012
BERLIN and SEOUL, South Korea, Feb. 6, 2012 /CNW/ - Germany dominates the market for automotive semiconductors, accounting for a quarter of global market share. Highly qualified engineers and close proximity to customers are the keys to this success, according to industry experts. Germany Trade & Invest will have representatives at this year's SEMICON Korea/LED Korea from February 7-9 in Seoul to highlight business opportunities in Germany.
"Germany's market for semiconductors is highly diversified compared to Asia or the USA. Demand for automotive and industrial semiconductors is exceptional and LED lighting is a promising growth segment. Companies here can rely on a strong backbone of qualified workers," said Jonathan Schoo, electronics and microtechnology expert at Germany Trade & Invest in Berlin.
In 2011, the auto industry accounted for one third (37%) of all semiconductor revenue in Germany, while industrial applications made up nearly one quarter (24%). Data technology (servers, IT networking) accounted for 27%, and communication (9%) and consumer electronics (3%) proved less significant than in Asia and North America. Across Europe, automotive and industrial semiconductors are the segments featuring the strongest annual growth rates at 7.3% and 5.2% respectively. In both segments, German demand is a key driver. Beyond these segments, LED lighting revenue in Germany is expected to grow by 25% annually between 2010 and 2016, which is expected to affect semiconductor demand.
"Germany is an excellent business location for companies looking to expand to Europe. And Germany's automotive industry is a reminder that semiconductors are not just for computers and smart phones," continued Schoo.
Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.
For further information:
Germany Trade & Invest
Email: [email protected]