IPC has published a new report on Latin American electronics industry. 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.
“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.”
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, stated in the release.
For more information or to purchase the report, visit www.ipc.org/latin-america-outlook