In 2023, the turnover in the Manufacture of Electronic Components and Boards sector in Norway stood at 8.28 billion Norwegian Krones. Based on the forecasted data from 2024 to 2028, the sector is expected to grow significantly. The year-on-year percentage variations are as follows: 2024 (6.04%), 2025 (6.03%), 2026 (5.59%), 2027 (5.19%), and 2028 (4.74%). The average Compound Annual Growth Rate (CAGR) over the 5-year period is projected to be approximately 5.52%.

Future trends to watch for include:

Rising demand for advanced electronic components due to increased adoption of IoT and AI technologies.
Growing investments in sustainable and energy-efficient electronics manufacturing.
The impact of global supply chain dynamics and geopolitical factors on raw material availability and pricing.
Technological advancements leading to more efficient and cost-effective production processes.