In 2023, Italy dominated the European landscape of high growth enterprises within the electronic components and electronic boards sector, accounting for 56.56% of units. Hungary followed with 13.54%, showcasing a significant positive trajectory. Notably, the Czech Republic experienced a decline of -4.62%, while Slovakia showed a more substantial decrease of -7.79%. Portugal demonstrated resilience with a 5.92% increase, whereas Lithuania faced a modest decline of -3.58%. Norway's enterprises grew by 4.56%, contrasting with Latvia's stagnation. Overall, the market exhibited variability across countries, highlighting regional disparities and fluctuating growth.
Looking ahead, technological advancements, increased demand for innovative electronic solutions, and supportive governmental policies could drive future growth. Italy’s leading position might be challenged by emerging markets exhibiting innovation-led expansion, such as Portugal and Norway. Sustainability practices and digitalization trends will be critical for maintaining competitive advantages across the sector.
Top countries in Number of High Growth Enterprises in Electronic Components and Electronic Boards Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 56.56 | 2023 | +11.43% | +1.61% | View data |
| 2 | 2 Hungary | 13.54 | 2023 | +12% | +4.01% | View data |
| 3 | 3 Czech Republic | 7.25 | 2023 | 0% | -4.62% | View data |
| 4 | 4 Romania | 4.83 | 2023 | +11.11% | 0% | View data |
| 5 | 5 Slovakia | 3.87 | 2023 | -11.11% | -7.79% | View data |
| 6 | 6 Portugal | 3.87 | 2023 | 0% | +5.92% | View data |
| 7 | 7 Norway | 2.42 | 2023 | 0% | +4.56% | View data |
| 8 | 8 Lithuania | 2.42 | 2023 | 0% | -3.58% | View data |
| 9 | 9 Latvia | 1.45 | 2023 | +50% | View data |
