OE-A Business Climate Survey – Mixed Feelings Despite Positive Expectations
November 7, 2023 | OE-AEstimated reading time: 1 minute
“The forecast for the Printed Electronics Industry remains positive and stable. We are slightly less optimistic than in the spring survey in March of this year, with an expected sales increase of 16 percent for 2023. Nevertheless, a promising 18 percent increase is projected for 2024,” says Dr. Klaus Hecker, OE-A Managing Director, about the results of the latest business climate survey. The biannual survey is conducted by OE-A (Organic and Printed Electronics Association), a Working Group within VDMA. “The results of the survey show that the industry’s confidence remains broadly stable building on successes of the previous years. The overall good forecast dipped slightly in the light of recent crises hotspots and the arising uncertainties. We see indicators that at least part of the industry is expecting a slower business in the upcoming months,” adds Klaus Hecker.
OE-A expects 18 percent sales growth for 2024 compared to 2023
The turnover sales forecast +16 percent for 2023 and +18 percent for 2024 shows an overall positive outlook of the Printed Electronics Industry into the future. However, only 6 percent of the survey participants plan to increase investments in production within the next 6 months. This is a sharp decline compared to the results of the previous survey in February 2023 (+71 percent), showing that the geopolitical situation, high energy costs and inflation are taking their toll. Only half of the of the companies (46 percent) expect the industry to continue its positive development, which shows a more diversified picture than February 2023 (76 percent).
Confident despite rough climate
Despite the uncertainties, 2024 will be a promising year for the flexible and printed electronics industry in terms of Research & Development investment. More than 81 percent of companies surveyed will increase investment in Research & Development activities over the next six months. This shows a fundamental confidence in the technology and applications of the industry. With 42 percent of respondents expecting employment to remain stable and 52 percent planning to increase headcount, the employment situation is encouraging. "Despite the challenges, I expect a satisfactory year for the Printed Electronics Industry. Order intake is at a good level, and our major customer markets in Consumer Electronics, Automotive, Medical & Pharmaceutical and Building & Architecture will continue to drive our industry forward. At the upcoming productronica and at LOPEC in March 2024, international visitors will once again see impressive printed electronics applications - I am personally very much looking forward to it," concludes Dr. Klaus Hecker.
Suggested Items
Arrow Electronics Earns Dual Honors as Dell Technologies Partner of the Year
05/29/2025 | BUSINESS WIREGlobal technology solutions provider Arrow Electronics has received two prestigious awards from Dell Technologies: 2025 OEM Solutions Partner of the Year and 2025 North America Distributor of the Year. The awards were announced at Dell Technologies World, held in Las Vegas in late May.
DuPont Achieves 100% Renewable Electricity Across its European Union Operations
05/28/2025 | DuPontDuPont announced 100 percent of its grid electricity is from renewable sources across its entire European Union (EU) operations, through the use of Renewable Energy Certificates (RECs).
NVIDIA Expected to Launch RTX PRO 6000 Special Edition for China’s AI Market, Potentially Boosting Future GDDR7 Demand
05/28/2025 | TrendForceTrendForce reports that following the new U.S. export restrictions announced in April—which require additional permits for the export of NVIDIA’s H20 or any chips with equivalent memory bandwidth or interconnect performance to China—NVIDIA is expected to release a special low-power, downscaled version of the RTX PRO 6000 (formerly B40) for the Chinese market.
CIMS to Exhibit at JPCA Show 2025
05/28/2025 | CIMSCIMS is excited to announce our participation at JPCA 2025 in Tokyo, Japan! Join us from June 4-6.
Imec Unveils Record-Low Loss 300mm RF Silicon Interposer for Sub-THz Systems
05/27/2025 | ImecAt the IEEE ECTC 2025 conference, imec – a world-leading research and innovation hub in nanoelectronics and digital technologies – highlights the exceptional performance and flexibility of its 300mm RF silicon interposer platform.