The electronic components production value in Germany has seen fluctuations from 2013 to 2023, with values generally trending upwards. While 2013 started at €13.98 billion, the value dipped slightly in 2014 and then surged to a peak of €19.92 billion in 2019. The growth rates varied year-on-year, with some notable increases and declines, including a peak growth of 25.88% in 2015 and a decline of -4.18% in 2021. In 2023, the production value stood at €18.53 billion, marking a modest year-on-year increase of 0.55%.
Looking ahead from 2024 to 2028, the market is expected to grow steadily with a 5-year CAGR of 0.42%. This forecasted growth indicates a stable but slow upward trend, culminating in an expected value of €19.03 billion by 2028. The forecasted data suggest an overall 2.11% growth rate over this period, reflecting sustained demand and gradual expansion in the production of electronic components.
Future trends to watch for include advancements in semiconductor technology, increased demand from the automotive industry, and the integration of electronic components in IoT and smart devices. Emerging technologies and the push for digital transformation across industries will likely drive further demand and innovation in the sector.
