The result of the referendum for the UK to leave the European Union has sent shock waves to the world on June 24, in particular European exchange markets. "In the short run, the world's finance and exchange markets will most likely to be affected by critical current fluctuations," says Victor Tsan, the Vice President and General Director of MIC (Market Intelligence and Consulting Institute), an IT research institute in Taipei. "Though the Taiwan's IT industry may appear to be least affected thanks to ITA-2, also known as ITA expansion, but the changes in global consumer buying power, especially the United Kingdom, may cause future worries," he explains. Europe contributed around 22.2% to shipment value of the Taiwanese IT hardware industry and 26% to that of the Taiwanese network communications industry in 2015, reaching US$25.0 billion and US$5.07 billion, respectively, according to MIC.

Taiwanese Major IT Hardware's Global Share, 2015-2020

Market Share

Note 1: Notebook PCs comprise of mainstream NB PCs and mini PCs.
Note 2: Motherboards comprise of pure motherboards, barebones and full-systems

Note 3: Servers comprise of barebones and full-systems.

Source: May 2016

Taiwanese Network Communications Devices' Global Share, 2015-2020

Note STBs comprise of cable STBs, IP STBs, and OTT STBs

Source: May 2016

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry. https://mic.iii.org.tw/english