In 2024, the consumer electronics sector in Spain employs 668 people, a forecasted number following the actual figures from previous years. Moving forward, employment is expected to decline significantly, with 535 in 2025, 403 in 2026, 272 in 2027, and finally 143 in 2028. Comparing year-on-year variations highlights a decreasing trend in employment, suggesting considerable sectoral contraction. Over the last two years, the sector experienced an average drop of 26.8% per year, while the Compound Annual Growth Rate (CAGR) over the last five years stands at -31%, indicating a substantial yearly average reduction.
Future trends to watch for:
- Automation and technological advancements reducing the need for human labor.
- Shifts in consumer preferences impacting production scales.
- Economic factors such as market saturation and global competition.
- Potential industry consolidation and outsourcing impacting local employment.