The production in the manufacture of communication equipment in Belgium has shown significant fluctuations over the past decade. Starting from 346.5 Million Euros in 2013, the industry experienced both growth and decline, peaking at 489.0 Million Euros in 2020. However, a consistent downward trend emerged from 2021 onwards, with a notable decrease observed in 2023, standing at 322.2 Million Euros. The year-on-year variations highlight this volatility, with recent years showing double-digit declines. The 5-year CAGR before 2023 averaged around -3.13%, indicating a negative trend.
Looking forward, the forecasts predict a continued sharp decline, with an average annual decrease of 23.38% leading to a substantial reduction of 73.59% by 2028. This highlights severe challenges and potential structural issues in the industry.
Key future trends to watch for include technological advancements, shifts in global supply chains, regulatory impacts, and potential market consolidation. Monitoring these factors will be crucial for stakeholders to navigate the anticipated downturn in this sector.
