Opportunities in the electronics sector in France
Over the last few years , the electronics sector in France has been affected by a shortage of components, which has been quickly solved by a clear start-up to improve its productivity and sourcing, gradually lifting the industry and turning it into an interesting source of opportunities for investors or external suppliers.
The stagnation of the electronics industry in France
After a few years of stagnation, the electronics components market in France seems to be starting to see the light of day, surprising the various suppliers who were predicting a much slower recovery of the sector in this country; these producers had adapted their purchasing strategies to protect themselves from the instability of the electronics sector.
Today, this industry is in a moment of widespread mobilisation and thanks to the digital transformation, large investments are being made in the sector, which is becoming an unexpected focus of opportunities for business creation or international trade exchange.
Public authorities in the French electronics sector
The electronics industry in France managed to attract the interest of the public authorities by obtaining its own strategic committee within the framework of the national industry council, which is concluding a four-year contract with the state focused on innovation, international development and restructuring of the sector.
This is a great opportunity for those companies in the electronics sector in France that have been suffering for a long time, but also for the recovery of international business and strategic investments from neighbouring countries that will find a new context in the French industry.
Growth and new opportunities in figures of the electronics sector in France
After two years of zero growth, analysts had rather modest forecasts for the French electronics sector, predicting a 3.3% growth in annual revenues for the semiconductor industry, and the surprise was that they increased by 20.6% in 2017, which translates to $409 billion by the end of the year.
This sudden growth in a seemingly damaged electronics sector took many industry players by surprise, although it may also have given rise to self-interested practices that were worth being wary of at the start of the boom, but are now stable and growing, at a time when there are exciting business opportunities to be had.
The right time to think of France as an opportunity
France is currently experiencing a remarkable boom in its electronics industry, driven by innovation and investment in technology. This growth has been aided by a vibrant ecosystem that includes dynamic startups, cutting-edge research centres and strong government support for digitisation. French companies are leading the way in areas such as artificial intelligence, robotics and sustainability, which is not only attracting international attention, but also positioning the country as a benchmark in the European tech scene. This resurgence not only promises to transform the French economy, but is also creating new job opportunities and fostering a collaborative environment across sectors, which bodes well for the future of the electronics industry in France30
The future of the electronics sector in France
The future of the electronics sector in France looks very promising. With the continued drive towards digitalisation and sustainability, the industry is expected to continue to grow and evolve. Investment in research and development, especially in areas such as artificial intelligence, the Internet of Things (IoT) and renewable energy, is set to generate innovations that will transform both the production and consumption of electronic products.
In addition, government support and technology-friendly policies are creating an environment conducive to the emergence of new start-ups and the expansion of established companies. This will not only foster competitiveness, but also attract international talent and global collaborations.
Also, growing awareness of sustainability and the circular economy is leading companies to adopt more responsible practices, which could result in greener and more durable electronics products. In short, we can expect an electronics sector in France that is not only innovative and competitive, but also aligned with the needs and values of the future.
If you want to export electronics to France , do not hesitate to contact us. We will be happy to help you.