The data indicates that Hungary leads with 10 high growth enterprises in consumer electronics, followed by Italy with 6, and Portugal with 5. The Czech Republic has 2, while Romania, Slovakia, and Lithuania each have 1. Year-on-year variations for 2023 show that Czech Republic experienced the highest growth at 14.87%, followed by Hungary at 10.76%, and Italy at 8.45%. Portugal also had notable growth at 7.39%. In contrast, Romania, Slovakia, and Lithuania did not show any growth. The 5-year CAGR’s need to be analyzed to understand longer-term trends.
Future trends to watch for include:
- Potential technological advancements driving more startups in Central and Eastern Europe.
- Increased investment in innovation hubs across these countries, potentially altering the growth landscape.
- Policy changes or funding opportunities from the EU aimed at fostering high growth enterprises, especially in nations with lower recorded growth.
Top countries in Number of High Growth Enterprises in Consumer Electronics by Country
| # | 7 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 10 | 2023 | +25% | +10.76% | View data |
| 2 | 2 Italy | 6 | 2023 | +20% | +8.45% | View data |
| 3 | 3 Portugal | 5 | 2023 | +25% | +7.39% | View data |
| 4 | 4 Czech Republic | 2 | 2023 | 0% | +14.87% | View data |
| 5 | 5 Romania | 1 | 2023 | 0% | 0% | View data |
| 6 | 6 Slovakia | 1 | 2023 | 0% | 0% | View data |
| 7 | 7 Lithuania | 1 | 2023 | 0% | View data |
