But things appear to be looking up. Bolstered by the research happening at Canada’s universities, the industry is able to move on from communications and enter into medical equipment, precision instruments and scientific equipment. By focusing on these specialist areas and moving on from communications, the electronics industry is expected to grow by an extra $3 billion by 2030 – this is up from $12.3 billion in 2014.
Although imports are still outpacing exports for electronic equipment, the future is finally looking up and things are moving in the right direction for the Canadian electronics market. The automobile and aerospace industries are looking to expand, which will only further the growth of electronics, and printable electronics are also gaining significant traction here. This is all excellent news and we hope the growth continues.
You can order any electronic components you may need, whatever industry you’re in, from Atlantis Electronics. Use our Fast Component Search to find the parts you need...