The production value of electronic components in France has experienced notable fluctuations over the past decade, standing at 6.31 Billion Euros in 2023. Historically, the sector saw a steady climb from 4.7 Billion Euros in 2013 to its peak in 2018 at 6.68 Billion Euros, before experiencing a significant dip in 2019, followed by a recovery with some variability through to 2023.
Key trends include:
- The year-on-year variations: 2019 witnessed a sharp decline of -18.3%, whereas 2021 saw a remarkable recovery with a 13.38% increase.
- Recently, the market shows moderate growth: 1.71% in 2022 and 1.66% in 2023.
- The average annual growth rate (CAGR) over the last five years to 2023 stands at -1.13%, indicating slight volatility with periods of both decline and recovery.
Looking ahead, forecasts project a steady growth trend with a 5-year CAGR of 1.21%, leading to an expected production value of 6.81 Billion Euros by 2028.
Future trends to watch for include:
- Advancements in technology driving demand for newer, more efficient components.
- Global supply chain disruptions potentially impacting production capabilities.
- Shifts in regulatory landscapes and trade policies affecting the industry.
