The electronic sector of Singapore registered the swiftest growth rate it has experienced in 20 years in 2010, with the world demand for consumer electronic products like for instance iPads and smart phones jumped up.

It led to an impressive 27% rate of growth thrice that of the world industry rate, to register an amount of $89.9 billion in the output, as told by the Economic Development Board (EDB) today.

As a result, the gross share of the sector’s Gross Domestic Product jumped to 7%, up from the prior 5.7%.

The electronics sector, having been a mainstay of the economy right from the 1970s, even drew the attention of $5.8 billion in fixed asset investments in 2010, increased by 15% from the previous years.

According to the EDB, the future for the sector looked bright, particularly in the wake of the demand for electronic devices being hoped to increase as well as Asia turning out to be the centre of gravity for the world economy.

According to the Economic Development Board (EDB), as on Wednesday, Singapore's long-term outlook regarding its electronics industry continues to be optimistic due to the strengthened global demand, in spite of the short-term doubts caused by the recent earthquake in Japan.