The turnover for the Manufacture of Electronic Components and Boards sector in Brazil is on a steady upward trend. As of 2023, the sector stood at 11.0 billion Brazilian Reals. Projections for 2024 to 2028 indicate a consistent annual increase, with values ranging from 11.43 billion BRL in 2024 to 13.15 billion BRL in 2028. This represents an average year-on-year growth of approximately 3.5% and a CAGR of around 3.6% across the forecast period.
Future trends to watch:
- Continued technological advancement influencing production efficiency and product offerings.
- Growing domestic and international market demand driving production increases.
- Potential supply chain and geopolitical factors affecting component availability and pricing.