Between 2013 and 2023, the value added of computer, electronic and optical products manufacturing in Austria exhibited significant fluctuations. A steady decline between 2013 and 2015 was followed by a substantial rise from 2016 onwards, peaking in 2019 at 4.1 billion euros. Although the year 2020 saw a 7.39% drop, the sector rebounded strongly in 2021 and continued its upward trend through to 2023, reaching 4.42 billion euros.
The year-on-year analysis indicates a volatile growth pattern, highlighted by marked increases in 2016 (15.48%) and 2018 (14.22%), contrasting with notable downturns in 2014 and 2015 (-0.095% and -1.24% respectively). The compounded annual growth rate (CAGR) over the last five years yields an average annual growth of 2.81%.
Looking ahead, forecast data from 2024 to 2028 suggest a gradual increase with a forecasted 5-year CAGR of 2.42%, predicting an overall growth rate of 12.68% by 2028. This forecast underscores a stable yet moderate growth trend for the sector in the forthcoming years.
Future trends to watch for include technological advancements, supply chain shifts and the impact of regulatory changes on manufacturing practices. Moreover, evolving consumer demands and potential disruptions from emerging markets should be closely monitored to anticipate their effects on Austria's manufacturing sector.
