Between 2013 and 2023, the production value of electronic components and electronic boards in the Netherlands steadily increased from 2.34 billion Euros to 5.61 billion Euros, despite a slight decline in 2016. The industry showed resilience against the 2020 downturn with an immediate rebound in 2021.
In the last two years, from 2022 to 2023, the industry saw a consistent year-on-year growth of 8.47%. The 5-year CAGR leading up to 2023 stood at 3.78%, reflecting moderate annual growth compared to earlier periods.
Forecasts suggest continued positive trends with the production value expected to reach 7.08 billion Euros by 2028, translating into a 5-year CAGR of 3.68%. This implies an overall growth rate of 19.8% over the forecasted period.
Future trends to watch for:
- Technological advancements in the semiconductor industry.
- Increasing demand for IoT (Internet of Things) devices.
- Expansion of 5G infrastructure and related components.
- Global supply chain dynamics and potential disruptions.
