In 2024, Germany leads Europe's electronic components market with a turnover of 48.05 million euros. France, Italy, and the UK—though significant—witnessed negative annual growth. Hungary experienced a remarkable increase, up by 41.46%. Austria, Poland, and Spain showed positive trends, with Spain growing by 11.82%. Smaller markets like Norway and Croatia outpaced traditional players with double-digit growth. Iceland showed the steepest decline.
Future trends to watch include:
- Continued growth in emerging markets like Hungary and Croatia.
- Potential recovery for declining markets, driven by innovation and investment.
- Impact of technological advancements and policy changes on market dynamics.
Top countries in Electronic Components Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.05 | 2023 | +1.11% | -0.48% | View data |
| 2 | 2 France | 11.82 | 2023 | +1.17% | -1.95% | View data |
| 3 | 3 Hungary | 10.76 | 2023 | +21.72% | +41.46% | View data |
| 4 | 4 Austria | 9.3 | 2023 | +3.78% | +3.81% | View data |
| 5 | 5 Italy | 8.3 | 2023 | -0.81% | -1.81% | View data |
| 6 | 6 United Kingdom | 4.78 | 2023 | -0.9% | -1.92% | View data |
| 7 | 7 Poland | 4.76 | 2023 | +1.85% | +0.94% | View data |
| 8 | 8 Spain | 3.06 | 2023 | +12.54% | +11.82% | View data |
| 9 | 9 Romania | 2.48 | 2023 | +5.67% | +6.79% | View data |
| 10 | 10 Belgium | 1.85 | 2023 | -0.81% | +0.4% | View data |
