The European high growth enterprises in communication equipment sector, as of 2023, showed significant heterogeneity across countries. Italy led with 41 enterprises, followed by Hungary at 14. The Czech Republic, Slovakia, and Lithuania trailed with 8, 6, and 4 respectively, while Romania, Portugal, and Norway had fewer than 4 enterprises each. Over the past year, Slovakia (+43.1%) and Hungary (+14.87%) experienced notable growth. In contrast, the Czech Republic saw a decline of -10.59%, and Norway remained stagnant. Over the last five years, these variations depict diverse growth patterns among European countries.
Future trends to watch in this sector include potential technological advancements and increased demand for communication equipment driving enterprise growth. Economic conditions and innovation capacity in countries like Slovakia and Hungary may further influence enterprise variation rates, emphasizing opportunities or challenges ahead.
Top countries in Number of High Growth Enterprises in Communication Equipment by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 41 | 2023 | +5.13% | +1.01% | View data |
| 2 | 2 Hungary | 14 | 2023 | +16.67% | +14.87% | View data |
| 3 | 3 Czech Republic | 8 | 2023 | 0% | -10.59% | View data |
| 4 | 4 Slovakia | 6 | 2023 | +20% | +43.1% | View data |
| 5 | 5 Lithuania | 4 | 2023 | 0% | +7.46% | View data |
| 6 | 6 Romania | 3 | 2023 | +50% | +8.45% | View data |
| 7 | 7 Portugal | 3 | 2023 | 0% | +3.71% | View data |
| 8 | 8 Norway | 2 | 2023 | 0% | View data |
