The electrical equipment and electronics output in Austria experienced various trends over the past decade. Starting at 10.12 billion euros in 2013, the sector saw slight fluctuations but generally trended upwards. Significant growth periods include 2016-2018, with an average annual growth rate exceeding 6%. However, 2019 and 2020 witnessed declines, partially due to global challenges. Recovery began in 2021, with a notable increase in 2022 at 12.16% year-on-year. By 2023, output stood at 14.47 billion euros, with a moderate 2.33% growth rate.
Future projections anticipate continued growth, with the output forecasted to reach 16.09 billion euros by 2028. The average annual growth rate is projected at 1.69%, reflecting stable development in the sector.
Trends to watch for in the future include:
- Technological advancements and innovation in electronics
- Increased demand for renewable energy solutions
- Supply chain developments and geopolitical influences
- Investment in research and development to boost competitiveness.
