In 2024, Italy's forecasted sold production of motor vehicles' electrical and electronic equipment is expected at 38.821 million kilograms, marking the beginning of a growth trend. By 2028, this figure is anticipated to reach 44.368 million kilograms. This growth represents a Compound Annual Growth Rate (CAGR) of approximately 3.4% from 2024 to 2028, with consistent year-on-year increases in the range of 3.7% to 3.8%.
Key trends to watch include:
- The shift towards more sustainable and electric vehicles driving demand for advanced electronic components.
- Technological advancements in automotive electronics enhancing production capabilities.
- European regulatory changes promoting cleaner automotive technologies, influencing production strategies.