The production of motor vehicle electrical and electronic equipment in Germany is projected to slightly increase from 2024 to 2028. In 2023, the actual value stood at 3.957 billion euros. The year-on-year growth from 2024 to 2028 demonstrates a modest upward trend, with annual increases hovering around 0.23%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 0.24%.
Future trends to watch for:
- Technological advancements driving efficiency and new product segments.
- Increasing demand for electric vehicles and their components.
- Potential impact of regulatory changes on production processes and costs.
