Employment in the manufacture of electronic components and boards sector in Belgium has seen a steady increase over the past decade. After a period of fluctuations, employment grew significantly from 2018, reaching 4.35 thousand full-time equivalents in 2023. The year-on-year growth for 2023 stood at 11.71%, with a CAGR of 12.58% over the last five years. This increase indicates a robust recovery and growth trajectory following a decline in 2020.
Looking forward, forecasted data suggests continued growth, albeit at a slower rate compared to the previous five years, with a forecasted CAGR of 3.62%. By 2028, employment is expected to reach 5.58 thousand full-time equivalents, representing a 19.47% growth from 2024.
Future trends to watch for include:
- Technological advancements driving demand for skilled labor.
- Potential impacts of global supply chain disruptions.
- Government policies influencing manufacturing and employment.
- Innovation and expansion in the electronic components sector.
