The forecasted turnover for 2024 is 24.38 billion Euros, slightly decreasing thereafter to 23.59 billion Euros by 2028. The year-on-year variations indicate a consistent decline: -0.82% from 2024 to 2025, -0.83% from 2025 to 2026, -0.85% from 2026 to 2027, and -0.80% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for the period of 2024-2028 is -0.84%.
Future trends to watch include the impact of emerging technologies such as 5G, IoT, and Industry 4.0 on the sector. Additionally, increasing pressure for sustainable and energy-efficient components could drive innovation, potentially offsetting some of the declining turnover.
