The Electronic Integrated Circuits market in Spain has experienced a varied trend from 2012 to 2022. The market value declined initially, dropping from €525.99 million in 2012 to €496.95 million in 2013. However, it saw a steady recovery and growth with a significant surge in 2018, reaching €656.62 million. The annual growth rate ranged from -5.52% in 2013 to 13.85% in 2018. More recently, from 2020 to 2022, the market experienced moderate growth with a slight dip in 2020, but rebounded modestly by 2022.
- In the last two years, the market showed a slight but steady growth with year-on-year variations of 2.06% and 1.59% for 2021 and 2022, respectively.
- The compounded annual growth rate (CAGR) from 2018 to 2022 stood at 3.53%, illustrating a consistent upward trend over the last five years.
Looking ahead to 2024, several trends are anticipated to influence the market dynamics. The demand for more advanced integrated circuits driven by innovations in AI, IoT, and automotive industries is likely to fuel further growth. The impact of global chip shortages and geopolitical factors on supply chains will also be crucial to monitor.
How does Spain rank in Electronic Integrated Circuits Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 11,263,000,000 | 2023 | +4.54% | +4.12% | View data |
| 2 | 2 Hungary | 3,745,500,000 | 2023 | +1.65% | +2.69% | View data |
| 3 | 3 Italy | 3,132,300,000 | 2023 | +1.13% | +2.55% | View data |
| 4 | 4 Romania | 2,878,800,000 | 2023 | +6.22% | +5.34% | View data |
| 5 | 5 Poland | 2,277,600,000 | 2023 | +0.7% | +0.74% | View data |
| 6 | 6 Spain | 684,910,000 | 2023 | +1.13% | +0.85% | |
| 7 | 7 Slovakia | 633,970,000 | 2023 | +1.09% | +0.8% | View data |
| 8 | 8 Lithuania | 97,882,000 | 2023 | +4.88% | +6.79% | View data |
