Forecast: Employment in Manufacture of Electronic Components and Boards Sector in Sweden

Employment in the Manufacture of Electronic Components and Boards Sector in Sweden has shown fluctuating trends over the past decade. Actual data from 2013 to 2023 highlight a peak in 2018 with a subsequent decline and stabilization around 3.81 thousand Full-Time Equivalents (FTEs) by 2023. The year-on-year variation points to significant volatility, with notable highs and lows, such as a 32.06% rise in 2016 followed by a 20.64% drop in 2019. Over the last two years, there was a slight decline of 0.24% per year and the 5-year Compound Annual Growth Rate (CAGR) averaged at -2.41%.

Looking forward, forecast data from 2024 to 2028 suggest a very gradual decrease, with the annual rate of decline projected to average -0.18%, leading to a slight overall reduction of 0.9% by 2028.

Future trends to watch in this sector include:

  • Technological advancements and automation impacting employment needs.
  • Global supply chain disruptions influencing local manufacturing dynamics.
  • Potential growth in demand for electronic components due to emerging technologies such as 5G, IoT, and electric vehicles.

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