Based on the provided data, the production in the manufacture of electronic components and boards sector in Sweden is projected to demonstrate continuous growth from 2024 to 2028. The production value in 2024 stands at 9.56 billion Swedish Kronas, and this figure is expected to grow modestly each year, reaching 9.98 billion Swedish Kronas by 2028. If we examine the previous trends from 2023 where the sector produced 9.46 billion Swedish Kronas, the year-on-year growth for 2024 shows a 1.06% increase.
Over the last two years, the annual growth rates have shown steady increases, for instance, from 2024 to 2025, there's a projected increase of 1.15%, and from 2025 to 2026, 1.04%. Analyzing the compound annual growth rate (CAGR) over the last five years (2024-2028), we observe an average yearly growth rate of approximately 1.08%.
Future trends to watch for include:
- Advancements in technology that could enhance production efficiency.
- The impact of geopolitical factors and global supply chain dynamics on the sector.
- Increased demand for electronic components driven by emerging technologies such as IoT, AI, and renewable energy.
- Environmental regulations and sustainability trends influencing manufacturing processes and materials.
