The electronic components market in Hungary reached a value of 5.4536 billion Euros by 2023. Notably, from 2018 to 2023, the market experienced a moderate compound annual growth rate of 2.76%, with yearly growth stabilizing between 2.24% and 6.19% over the last two years. The industry rebounded following a dip in 2020, with steady recovery and expansion.
Future trends to watch for:
- Growth driven by increased demand for smart electronics and renewable energy components.
- Potential impacts of global supply chain disruptions on material availability.
- Innovation and domestic industrial policies catalyzing sector expansion.
- A focus on sustainability and digital transformation potentially reshaping market dynamics.
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,180,000,000 | 2023 | -0.18% | -1.38% | View data |
| 2 | 2 Hungary | 5,453,600,000 | 2023 | +2.24% | +2.76% | |
| 3 | 3 Italy | 3,750,200,000 | 2023 | -2.6% | -2.66% | View data |
| 4 | 4 Poland | 3,666,900,000 | 2023 | +1.87% | +1.99% | View data |
| 5 | 5 Slovakia | 966,820,000 | 2023 | +0.85% | -0.55% | View data |
