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The Impact of the Semiconductor Shortage on European Industries: When Technology Deadlocks Spill Into the Wider Economy

Publisher IDC
Published Mar 08, 2022
Length 23 Pages
SKU # IDC17025120

Description

The Impact of the Semiconductor Shortage on European Industries: When Technology Deadlocks Spill Into the Wider Economy

This IDC Market Perspective analyzes the effects of the semiconductor shortage in Europe from 2020 across industries. The report focuses on the main causes behind the industry shortage before analyzing tech industry impacts by subvertical. The report also covers spillover effects in other industries (manufacturing, retail/wholesale, healthcare, transport, utilities, etc.). The report proceeds to analyze European organizations and their reactions to the semiconductor shortage. Finally, the report provides actionable insights for tech providers and end users facing the risks of a continued semiconductor shortage market dynamic."Tech suppliers need to be aware of the long-term market to position their strategies in this increasingly complex and uncertain scenario. The spillover effects on European economies created by the semiconductor shortage of 2021 may create unpredictable and unprecedented ripple effects that may alter other market dynamics even after shortages are over," said Anielle Guedes, senior research analyst, IDC European Customer Insights & Analysis. "Considering the persistence of the semiconductor shortage crisis and its long-term butterfly effect, a wait-and-see approach is not a promising strategy for tech providers and buyers that want to react to this lingering headwind. More proactive actions — such as embracing open global value chains and accelerating the transition to hardware-agnostic solutions — are needed, and they are urgent," said Andrea Siviero, associate research director, IDC European Customer Insights & Analysis.

Please Note: Extended description available upon request.

Table of Contents

23 Pages
Executive Snapshot
New Market Developments and Dynamics
How is the Semiconductor Shortage Affecting European Industries?
The Technology Industry: Where it all Began
Semiconductor Manufacturers
Infrastructure
Smartphones
PCs
Videogames/PC Games
Other Technologies: Legacy and Emerging Tech
Other Industries: The Spillover Effect
Highly Impacted Industries: Manufacturing (Excluding Tech Manufacturers)
Automotive
Domestic Appliances
Medical Equipment
Energy Equipment
Engineering Equipment
Intermediately Impacted Industries
Retail/Wholesale
Healthcare
Transport
Utilities
Telecom
Modestly Impacted Industries
The European Reaction: The Need for Adaptation and Flexibility has Created Unexpected Effects and Potential Long-Term Market Trends
Investments in New Factories and the Verticalization of Foundries
Technological Review, Replacements, and Product Redesign to Ensure Production Streams
Prioritization of More Expensive Products and Technologies to Save Current or Future Revenue
Competitive Forces Moving up From Customers to the Supply Chain
Institutional Response from the European Union
ADVICE FOR THE TECHNOLOGY SUPPLIERS
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Related Research
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