From 2015 to 2023, the consumer electronics manufacturing sector in Portugal demonstrated significant volatility. The production value stood at 28.5 million Euros in 2023, experiencing a sizable year-on-year increase of 19.25%, and a 5-year CAGR of 10.67%. Notably, from 2018 onwards, after recovering from a dip in 2020, the sector saw consistent growth, marked by increases in production values year-over-year through 2023 with the highest hitting 23.9 million Euros in 2022 and continuing to strengthen into 2023.
The forecast from 2024 to 2028 suggests continued positive growth, with a 5-year CAGR of 6.84% and an overall growth rate of 39.24%. Production values are expected to reach 44 million Euros by 2028. These projections indicate sustained expansion in the sector.
Future trends to watch for include advancements in technology, shifts in consumer preferences towards smart and eco-friendly electronics, and potential impacts of economic policies and global supply chain dynamics on production capacities and efficiencies.
