In the Manufacture of Electronic Components and Boards sector in Norway, the production value stood at 7.87 billion Norwegian Krones in 2023. The forecast data from 2024 to 2028 shows steady growth with values reaching 8.2 billion in 2024, 8.67 billion in 2025, 9.14 billion in 2026, 9.6 billion in 2027, and 10.06 billion in 2028. This indicates a positive trend with consistent year-on-year increases.
The year-on-year growth rates are as follows:
- 2024: 4.2%
- 2025: 5.7%
- 2026: 5.4%
- 2027: 5.0%
- 2028: 4.8%
The compound annual growth rate (CAGR) over the five years is approximately 5.02%, suggesting a healthy and sustainable growth trajectory for the sector.
Future trends to watch for include advancements in technology driving innovation, increased investment in R&D, and potential impacts from global supply chain dynamics. Additionally, the growing demand for electronic components in various industries such as automotive, healthcare, and telecommunications could further boost production levels.
