From 2013 to 2018, the output of computer, electronic, and optical products manufacturing in Austria experienced a period of robust growth, reaching a peak in 2019. Afterward, the industry faced a decline, with the output standing at 8.37 billion euros in 2023. The year-on-year variations indicated some major fluctuations, with significant declines post-2019. The Compound Annual Growth Rate (CAGR) over the last five years stood at -1.8%.
Future trends to watch:
- Continued technological advancements and digital transformation.
- Potential impacts of global supply chain disruptions and geopolitical tensions.
- Shifts in consumer demand towards more sustainable and energy-efficient products.
- Government policies and incentives related to the tech industry.