From 2013 to 2023, the sold production of electronic components in Germany has shown a steady upward trajectory with minor fluctuations. Despite small declines in 2018 and 2020, the overall trend displays significant growth, culminating in a value of 10.613 Billion Euros in 2023.
Year-on-year variations highlight the market's volatility, particularly noticeable with the 11.82% surge in 2017, followed by a 0.84% decrease in 2018. The last two years witnessed moderate growth rates of 2.34% in 2022 and 2.3% in 2023. From 2018 to 2023, the CAGR has been relatively stable at an average of 2.51% per year.
Forecasts from 2024 onward project continual growth, with the value expected to reach 11.769 Billion Euros by 2028. The anticipated CAGR for the next five years stands at 1.64%, indicating a more gradual pace of expansion.
Future trends to watch for:
- Technological advancements driving demand for innovative electronic components.
- Potential impacts of geopolitical tensions and supply chain disruptions.
- Shifts towards sustainability and eco-friendly production methods in the industry.
