From 2013 to 2023, Computer and Electronic Product Manufacturing Revenue in Canada fluctuated but maintained a general upward trend. The value in 2023 stood at 17.43 billion CAD, showing a minimal year-on-year increase of 0.36%. Over the last two years, growth remained relatively flat, with a 0.37% increase in 2022. The 5-year CAGR till 2023 displayed a modest growth of 1.29%, underscoring the sector's resilience despite uncertainties and corrections like in 2020 (-5.85%).
Looking ahead, the forecast suggests a steady but slow growth trajectory with a 5-year CAGR of 0.28%, reaching 17.735 billion CAD by 2028. Future trends to watch include technological advancements driving demand, shifts due to global supply chain dynamics, and policy changes impacting manufacturing practices.
