The turnover for electronic components and electronic boards in Austria has experienced fluctuating yet positive growth overall from 2013 to 2023. In 2023, the turnover stood at 5.67 billion Euros, reflecting a 4% year-on-year increase. Over the last two years, growth has been steady with increases of 4.24% in 2022 and 4% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 3.91%, indicating moderate but consistent growth. Notably, significant jumps were observed in earlier years, such as a 28.62% increase in 2017. The forecasted CAGR for the period from 2023 to 2028 is pegged at 2.65%, suggesting a stable but gradual upward trend.
Future trends to watch for include potential impacts of technological advancements, supply chain innovations, and possible economic fluctuations. Close attention should also be given to the evolving market demand for new electronic components and boards driven by innovations in industries such as automotive, healthcare, and consumer electronics.
