The electronic integrated circuits market in Spain experienced a peak in 2014, with a value of 265.26 million euros, followed by a sustained decline in subsequent years. The year 2017 marked a significant drop of over 20%, resulting in a recovery that was brief. From 2020 to 2023, the market continued its downward trend, averaging a year-on-year decline of around 3%. The CAGR over the past five years has been negative at -2.75%. With a forecasted further decline of -2.8% CAGR over the next five years, it's anticipated that the market will reach roughly 161.53 million euros by 2028.
Future trends to watch for include the potential for technological advances in integrated circuits, shifts in manufacturing bases, and economic policies affecting the electronics sector. Additionally, global supply chain challenges and emerging digital innovations may also impact market dynamics.
