28.01.2010: German high-tech companies support automotive industry in 2009

Among the target markets of the German micro, nano and materials companies, the automotive industry has replaced the medical technology industry as the most popular market for the first time in years. Slightly more than half of the German companies (51%) supplied the automotive industry in 2009, whereas in the rest of Europe it were only 44%. It is likely that the car scrapping scheme has caused a short term boost to the benefit of the car producers and their supplying industries. How the markets are going to develop after the scheme has expired in the course of 2010 remains to be seen.

Source: IVAM Research, Survey of the European Micro, Nano and Advanced Materials industry, December 2009