In 2023, Germany led the European electronic components employment market with 79.41K employees, while Iceland had the least with only 1 employee. Notable growth was seen in Hungary with an impressive 19.5% increase. Conversely, Slovakia saw a significant decline of 10.51%. France, Poland, and the UK also experienced reductions in employment numbers, signaling potential industrial shifts.
Looking forward to 2024 and beyond, key trends include:
- Potential recovery in Poland and the UK as industries diversify post-Brexit and post-pandemic.
- Continued growth in Eastern European markets like Hungary, driven by competitive labor costs and investment.
- Focus on technological advancements and automation in Western Europe, aiming to balance cost and efficiency.
Top countries in Electronic Components Number of Persons Employed by Country
| # | 10 Countries | Units (Employees) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 79,410 | 2023 | +0.96% | +0.97% | View data |
| 2 | 2 Hungary | 26,030 | 2023 | +14.37% | +19.5% | View data |
| 3 | 3 France | 24,930 | 2023 | -0.16% | -1.9% | View data |
| 4 | 4 Italy | 24,920 | 2023 | -0.06% | +0.097% | View data |
| 5 | 5 Romania | 18,400 | 2023 | +3.85% | +3.63% | View data |
| 6 | 6 Poland | 13,080 | 2023 | -1.68% | -1.12% | View data |
| 7 | 7 United Kingdom | 11,280 | 2023 | -3.22% | -3.65% | View data |
| 8 | 8 Austria | 9,420 | 2023 | +2.62% | +3.49% | View data |
| 9 | 9 Spain | 7,480 | 2023 | +1.07% | +5.57% | View data |
| 10 | 10 Czech Republic | 7,200 | 2023 | -0.19% | -1.1% | View data |
