Key Market Indicators
Hungary's electronic component market is projected to experience substantial growth, with revenue expected to reach approximately €10 billion by 2028. This marks a significant increase from the €5.6 billion recorded in 2023, representing a compound annual growth rate (CAGR) of 9.7%. Since 2013, the Hungarian market has seen a remarkable year-on-year increase of 41.5%. In the most recent rankings of 2023, Hungary secured the third spot, just behind France, which also posted revenues of around €5.6 billion. The rankings placed France, Hungary, and Austria in the second, third, and fourth positions, respectively, highlighting the competitive landscape of the electronic component sector in Europe.
