The number of enterprises producing electrical and electronic equipment for motor vehicles in France is set to increase steadily from 2024 to 2028, with a 3% rise each year from 2025 onwards. In 2023, the number of enterprises stood at 97. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is expected to be approximately 2.73%, indicating a healthy, consistent market expansion.
Future trends to watch for include:
- Technological advancements in electric vehicles driving the demand for innovative electronic parts.
- Potential regulatory changes in the automotive industry impacting production processes.
- Increasing competition from international players possibly influencing local enterprise strategies.