The electronic components and electronic boards market in Sweden displayed notable growth from 2013 to 2023, with the turnover increasing from €661.5 million to €1,050 million. The most substantial growth occurred in 2016 with a 69.25% year-on-year increase, followed by significant fluctuations in subsequent years. More recently, from 2021 to 2023, year-on-year variations showed a steady yet modest positive trend, with growth rates of 1.9% in 2022 and 1.85% in 2023. The five-year compounded annual growth rate (CAGR) was 1.66% by 2023.
Looking ahead, the market is forecasted to see a consistent but modest growth, with a five-year CAGR projected at 1.34% by 2028, resulting in a turnover of €1,150 million. Over the next five years, the total growth rate is expected to be 6.88%.
Future trends to watch for include:
- Technological advancements and innovation in electronic components
- Increasing demand for advanced electronics in various sectors such as automotive and telecommunications
- Potential global supply chain disruptions that could impact turnover
- Shifts in consumer preferences towards newer, more efficient electronic products
- Adoption of sustainable and environmentally friendly electronic components
