Latin America is showing a new resilience and faster economic growth, which may make it an attractive region for investment, according to Latin America: Regional Outlook for the Electronics Industry, a new report published by IPC—Association Connecting Electronics Industries®.
“The Latin American region has received significant attention in the last few years as a potential growth area for the electronics industry,” says Sree Bhagwat, IPC market research manager. “This report not only provides insight into the economy and prominent industry sectors, it also examines political, economic and business risks companies need to understand as they consider pursuing opportunities in the region.”
The report focuses on the region’s eight largest markets — Brazil, Mexico, Argentina, Chile, Colombia, Venezuela, Peru and Ecuador — which comprise 78 percent of Latin America’s gross domestic product (GDP) and 70 percent of the region’s population.
According to the report, OEMs have stepped up their investments and operations in Latin America, most notably in the automotive industry, and manufacturing production is poised for solid growth in 2013. In addition, multinational corporations in Latin America are diversifying their investments from assembly production into research and development, aiming to gain a firm foothold in the market. The region’s consumer markets are also expanding, driven by strengthening currencies, advanced credit and improved credit conditions.
Information in the report is based on carefully vetted secondary sources, including research organizations, governmental agencies and trade associations.
Latin America: Regional Outlook for the Electronics Industry is 44 pages long and includes data on economic indicators, forecasts for 2013, expert commentary and illustrative charts and graphs. IPC members may purchase the report for $475; the standard industry price is $950.
For more information or to purchase the report, visit www.ipc.org/latin-america-outlook or contact Sree Bhagwat, IPC market research manager, at SreeBhagwat@ipc.org or +1 330-677-5563. Information about IPC’s market research programs is available at www.ipc.org/industrydata.
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,300 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2.17 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Stockholm, Sweden; Moscow, Russia; Bangalore, India; Bangkok, Thailand; and Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.