Microtechnology expectations regarding corona crisis

Details: Released: 22.03.2020; Last updated: 18.01.2023; Hits: 8408

Representative of Microtechnology At the present time, the industry does not assume that the industry will suffer the consequences of the long term Corona pandemic will suffer. 63% do not currently expect any long-term effects that will have a lasting impact on microtechnology for several months or even years. This was the result of a flash survey by the Ivam Professional association for microtechnology on March 19, 2020, which was carried out among the members based in Germany.

Since a high proportion of microtechnology companies as suppliers depend on the business of the marketers, it is likely to be according to the user industry Business slumps come. Supplier of the Automotive industry are, for example, more impaired than medical technology. Specialized suppliers of Microsystems Technology or OEMs could get into trouble because they lack the ability to counteract this.

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Corona pandemic also creates opportunities

During the Medical Technology and the health industry are even likely to survive the corona pandemic Opportunities for new applications of microtechnologies and for microsystems. This is assumed by a clear majority of 90% of the industry representatives and researchers surveyed.

In addition to miniaturized and mobile systems for fast diagnostics, critical sensors such as the pandemic that is currently required would require sensors for respirators or medical measurement technology, for example. Ready-to-use components and systems are already available for this.

In order for opportunities for medical technology companies to be exploited, a rethink in terms of global supply chains is necessary, according to the industry representatives.

In addition to the market opportunities, the microtechnology experts also deal with the consequences for the healthcare system. In this way, the pandemic highlights the need to accelerate the expansion of telemedicine. It is also hoped that politicians will recognize and use the need to strengthen the health system.

The global economy is more affected than by the financial crisis

Although the Ivam members surveyed assume that the corona crisis will have a relatively mild impact on microsystems technology, they believe that the impact on the global economy will be more serious than that of the 2008/2009 economic crisis. 68% of respondents expect this. It is likely that not only the financial sector but the entire real economy will be affected. A tightening of the protective measures, especially the complete curfew, would exacerbate the effects in the medium term.

Effectiveness of economic aid offers

If she Federal aid offers and countries that are sufficient to support businesses in the corona crisis will only become apparent later. 63% of those questioned are unsure whether the measures announced so far will be sufficient to avert massive economic damage from the corona pandemic. This is very difficult to assess at the present time and depends on the still unpredictable future course. Different sectors, whether mechanical engineering, precision engineering, plant engineering, etc., will be affected to different extents, making it difficult to distribute financial aid as needed.

The political challenge is to distribute the aid to the right companies. It can be expected that companies will also receive help that was already struck before the Corona crisis. Overall, not only short-term growth, but also society's prosperity can be affected, ”said one respondent.

Protective measures against spread of Covid-19

The Federal government measures against the spread of Covid-19 are appropriate and do justice to the need for protection of the population and the interests of the economy. 58% of the surveyed representatives of the microtechnology industry agree with this assumption. Almost a third, at 32%, are not sure about this. These measures could only be effective if the population consistently adhered to them. A lack of awareness in parts of society will likely lead to even tougher measures to follow. Some respondents want faster and more consistent implementation of protective measures anyway.

Mood barometer for microtechnology

The Ivam Executive Panel is that Mood barometer for the microtechnology industry. Experts and from business and science comment on a current topic from the areas of business, politics or society. To this end, Ivam conducts lightning surveys among selected managers in mainly small and medium-sized companies as well as leading scientists in Germany and some neighboring countries.

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