The employment in the Manufacture of Electronic Components and Boards sector in Denmark has experienced fluctuations over the past decade. Between 2013 and 2018, the sector saw a significant decline with an annual average contraction. From a low point in 2018, the industry began to recover, with notable growth in 2019, although it experienced a slight downturn in 2020 and 2021. The current standing in 2023 is around 1.23 thousand full-time equivalents.
The forecasted data from 2024 to 2028 indicates a steady increase in employment, with the sector expected to grow year-on-year. Anticipated trends suggest an overall growth rate of 4.32% over the next five years, with an average annual growth rate (CAGR) of 0.85% through 2028.
Future trends to watch for:
- Adoption of advanced manufacturing technologies (Industry 4.0) and automation.
- Potential shifts in global trade policies impacting supply chains.
- Continued demand for consumer electronics driving employment in the sector.
- Workforce capabilities in response to technological advancements and industry needs.