Germany remains the leader in European electronic components and boards production, with a production value of €17.2 billion, albeit experiencing a slight decline of 2.77% in 2023. France and Switzerland follow, with Switzerland showing a positive increase of 2.27%. Emerging markets like Hungary and Spain are witnessing substantial growths of 17.99% and 9.16% respectively. The UK and Italy saw minor declines, whereas Austria and the Netherlands demonstrated growth. Other Eastern European countries like Slovakia faced significant declines, while countries like Serbia and Lithuania showed double-digit growths.
Forecasts for 2024 suggest potential growth in Eastern Europe and Southern regions, especially in Hungary, Poland, and Spain, driven by technological advancements and increased demand for electronics. Key trends to watch include the impact of legislative changes in environmental regulations and the adoption of sustainable manufacturing processes. Adapting to digital transformation and automation will be critical for maintaining competitive production values across Europe.
Top countries in Electronic Components and Electronic Boards Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17,200 | 2023 | -0.93% | -2.77% | View data |
| 2 | 2 France | 9,610 | 2023 | +0.24% | -1.68% | View data |
| 3 | 3 Switzerland | 9,280 | 2023 | +1.22% | +2.27% | View data |
| 4 | 4 Hungary | 6,920 | 2023 | +13.16% | +17.99% | View data |
| 5 | 5 Italy | 6,290 | 2023 | +0.65% | -0.61% | View data |
| 6 | 6 Austria | 5,680 | 2023 | +4.94% | +4.42% | View data |
| 7 | 7 Netherlands | 5,610 | 2023 | +8.47% | +3.78% | View data |
| 8 | 8 United Kingdom | 3,070 | 2023 | -1.42% | -1.91% | View data |
| 9 | 9 Poland | 2,510 | 2023 | +0.96% | -0.28% | View data |
| 10 | 10 Spain | 2,230 | 2023 | +5.81% | +9.16% | View data |
