The sold production of memories and multichip integrated circuits in Portugal saw no activity from 2013 to 2017. Starting in 2018, there was a significant increase, accelerating rapidly by 2019 with a growth of nearly 296%. Subsequently, the market experienced fluctuations, including a 17% decline in 2020, followed by a substantial 103% rise in 2021. In 2022, the market maintained its level with a slight decrease of 0.07%. By 2023, production increased by 47%, reaching units in the millions. The Compound Annual Growth Rate (CAGR) for the past five years stands at 57.65%.
Future trends forecast a steady rise with a 5-year CAGR of 13.5%, projecting an impressive overall growth of 88.39% by 2028.
Trends to watch:
- Investment in R&D and manufacturing infrastructure
- Potential shifts in global supply chain dynamics
- Adoption of emerging technologies like AI and IoT driving demand
