Key Market Indicators
The Lithuanian electronic component market is projected to achieve revenues of approximately €70 million by 2028, marking an increase from around €56 million in 2023. This growth represents an average annual increase of 3.4%. Over the past decade, Lithuania's market for electronic components has experienced a steady rise, with a year-on-year growth rate of 2.4% since 2013. Despite this progress, Lithuania ranked 22nd in the global market standings for 2023. In the same year, Bulgaria surpassed Lithuania with revenues also reported at roughly €56 million. Leading the rankings were France, Hungary, and Austria, holding the second, third, and fourth positions respectively.
