In 2023, Italy led European production of indicator panels with liquid crystal devices or LEDs, with Spain trailing significantly. Poland exhibited the highest year-on-year growth at nearly 45%. Conversely, France and Austria saw declines, with Austria experiencing a more substantial drop of over 40%. Despite being a smaller player, Portugal saw a remarkable 57% increase. The overall European landscape varied, with positive growth in Slovakia, Greece, and Portugal, while others like Finland, Bulgaria, and Austria faced downturns. Over the past five years, annual production levels have shown fluctuating trends across the region.
Looking forward, Europe's production of indicator panels is poised to evolve, potentially influenced by technological advancements and shifting economic conditions. Key trends include:
- Increased integration of smart technology across indicator panels.
- Growth in demand from renewable energy and smart infrastructure sectors.
- Potential competitive pressures leading to production shifts within Europe, favoring Southern and Eastern regions.
Top countries in Sold Production of Indicator Panels with Liquid Crystal Devices or Light Emitting Diodes by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,938,500 | 2023 | +3.51% | +22.65% | View data |
| 2 | 2 Spain | 2,612,200 | 2023 | +1.56% | +7.35% | View data |
| 3 | 3 United Kingdom | 1,540,600 | 2023 | -0.74% | +1.02% | View data |
| 4 | 4 France | 1,315,400 | 2023 | -1.21% | -5.09% | View data |
| 5 | 5 Poland | 930,180 | 2023 | -6.33% | +44.97% | View data |
| 6 | 6 Romania | 924,950 | 2023 | +7.46% | View data | |
| 7 | 7 Czechia | 583,730 | 2023 | |||
| 8 | 8 Sweden | 565,710 | 2023 | +2.11% | +6.1% | View data |
| 9 | 9 Portugal | 200,240 | 2023 | +60.06% | +57% | View data |
| 10 | 10 Austria | 170,120 | 2023 | +5.52% | -42.11% | View data |
