Forecast: Employment in Manufacture of Electronic Components and Boards Sector in Denmark

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.

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