Forecast: Total Researchers in Manufacture of Electronic Components and Boards in Canada

In 2023, the workforce of researchers within Canada's electronic components and boards manufacturing sector was above the projected figures for subsequent years. Forecast trends indicate a decline from 2024 to 2028, reflected by the decreasing FTEs: starting at 1.02 thousand in 2024 and diminishing steadily through 2028, where projections fall to 0.595 thousand. The year-on-year decline is consistent, implying an average contraction rate identified by a negative CAGR over the five-year forecast horizon.

Future trends to watch for include:

  • Potential impacts of technological advancements and automation on workforce needs.
  • Government policies and investments in technology sectors influencing labor force dynamics.
  • Shifts in global demand for electronic components, potentially mitigating the declining trend.

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