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December 27, 1965 Electronics
 [Table of Contents]
Wax nostalgic about and learn from the history of early electronics.
See articles from Electronics,
published 1930 - 1988. All copyrights hereby acknowledged.
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At the end of 1965, Electronics
magazine printed an analysis of the state of the electronics markets in Europe (before
there was a formal European Union). The authors predicted a whopping 10% increase
to $7.8B for the combined consumer, commercial, and military markets. As a comparison
of then versus now,
Statistica
claims a 2018 European Union consumer electronics market of $59B ($64B in 2019),
and EE Times
reports a $15B defense electronics market for the EU in 2018 (~$79B total). That
represents a 10x increase since 1965. But wait, according to the Bureau of Labor
Statistics'
Inflation Calculator, $7.8 in 1966 is the equivalent of $61B in 2018, so in
real dollars that represents a factor of only 1.3x.
Separate reports are included for
West Germany
(the Berlin Wall was still up then), the
United Kingdom,
France,
Denmark,
Austria,
Sweden,
Belgium,
Switzerland,
the Netherlands,
and Italy.
Russia, although
obviously not part of Europe, is also covered.
European
Electronics Markets 1966
 By the editors of Electronics
In the first detailed statistical compilation of electronics consumption in Europe,
the editors of Electronics predict the industry will grow 10 percent next
year, to $7.8 billion. Consumer and industrial segments of the industry will grow
the fastest; many countries expect a sharp decline in military electronics, which
are already small in most countries, reflecting the completion of defense projects
and the obstructionism of France in NATO.
European Electronics Markets 1966
European Electronics Total Consumption 1966
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