Between 2013 and 2023, the manufacture of electronic components and boards sector in Germany has shown fluctuating trends. Production values peaked in 2019 at €21.54 billion and experienced a significant decline thereafter. The year-on-year analysis highlights sporadic growth and decline, with a notable decrease of 0.93% in 2023. The compound annual growth rate (CAGR) over the last five years ending in 2023 was -2.77%, indicating contraction.
From 2024 to 2028, the forecasted CAGR is -0.75%, forecasting a further gradual decline. This presents a consistent downtrend anticipated to continue through 2028.
Future trends to watch for:
- Technological innovations and automation in production.
- Impact of geopolitical tensions on supply chains.
- Transition to greener, more sustainable manufacturing practices.
- Potential demand shifts due to emerging market needs.
- The influence of global economic conditions on the sector.
