The production value of electrical and electronic equipment for motor vehicles in France has shown significant volatility from 2013 to 2023. After reaching a high of 4.79 billion euros in 2017, the value plummeted sharply in 2018 by 88.29%, marking the start of a downward trend. Despite a substantial recovery in 2019, the subsequent years have seen fluctuating declines, culminating in another drop of 5.42% in 2023 to a value of 1.46 billion euros. Over the last five years, the compound annual growth rate (CAGR) has been 21.13%, highlighting the erratic market conditions.
Looking ahead, the forecasted data suggests a continuous decline until 2028, with a projected 5-year CAGR of -5.66%, totaling a decrease of 25.28% over this period. This trend points to a diminishing market for this sector in France.
Future trends to watch for:
- Technological advancements in vehicle electronics.
- Shifts toward electric vehicles and their impact on the market.
- Government regulations and incentive programs.
- Global supply chain disruptions.
