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.