The electronic integrated circuits market in Italy experienced fluctuations over the past decade, marked by significant growth spurts and occasional declines. In 2023, the market stood at a value of 5.4761 billion. Year-on-year variations illustrate these changes vividly, with 2022 showing a slight decline of 2.17% followed by a growth of 2.24% in 2023. Over the last five years, the CAGR was 1.23%, indicating moderate but steady growth.
Looking forward, the forecasted data suggest a steady upward trend in the market, with a projected CAGR of 1.6% from 2024 to 2028. By 2028, the market is expected to reach 6.0572 billion, highlighting an 8.27% growth rate in this period.
Future trends to watch for include advancements in semiconductor technologies, increased adoption of AI and IoT devices, and the potential impacts of geopolitical shifts on supply chains.