The production value of electrical and electronic equipment for motor vehicles in Finland has experienced substantial fluctuations over the past decade. Peaking in 2015 with a dramatic increase, the value subsequently showed a sharp decline in 2016. The years from 2017 to 2020 displayed moderate growth. However, from 2021 onward, a downward trend is evident. The value stood at 15.0 Million Euros in 2023, marking a decrease from prior years. Over the past two years, the year-on-year variation was negative, with a -3.23% change in 2023. The 5-year compound annual growth rate (CAGR) leading up to 2023 was -5.21%.
Looking ahead, the forecast indicates a gradual decline in production value, with estimations predicting a 5-year CAGR of -1.41% and an overall drop of approximately 6.85% by 2028.
Future trends to watch for include technological advancements in automotive electronics, shifts in consumer demand for electric vehicles, and potential impacts of global supply chain disruptions. Policymakers and industry stakeholders should monitor these factors to strategize accordingly.
