The market for Parts of Integrated Circuits and Microassemblies in Portugal has demonstrated a consistent upward trend from 2015 to 2023, achieving a size of 31.538 million Euros in 2023. Despite a slight decline in the early 2010s, the market rebounded in 2016 and continued to grow, showing a Compound Annual Growth Rate (CAGR) of 3.16% over the last five years. Year-on-year, variations reveal a steady yet incremental growth: 1.15% in both 2021 and 2022, followed by 1.12% in 2023.
Future trends to watch for include:
- Increased demand for advanced microelectronics driven by technological advancements.
- Growing investment in semiconductor capabilities within Europe, potentially boosting local production.
- The evolving landscape of the Internet of Things (IoT) and 5G technologies, which could further drive the growth of this market segment.
