The number of persons employed in the consumer electronics sector in Austria has shown a consistent decline from 2013 to 2023. By 2023, employment stood at 162 employees, marking a significant reduction over the decade. The year-on-year variations highlight large drops in employment, particularly noticeable from 2015 to 2023. The compound annual growth rate (CAGR) over the last five years was -11.42%, reflecting a sharp downturn in employment.
Looking ahead, forecast data from 2024 to 2028 suggest a much steeper decline, with a forecasted 5-year CAGR of -43.9% and a forecasted 5-year growth rate of -94.44%. By 2028, employment in the sector is expected to be nearly negligible.
Future trends to watch for include the digital transformation within the consumer electronics sector, automation, and consolidation of companies, which may continue to reduce employment. Additionally, the increasing demand for highly specialized skills could shift the landscape of employment, requiring fewer but more skilled workers.
