The employment trend in the Manufacture of Electronic Components and Boards sector in Italy has shown fluctuations over the years. In 2023, the employment level stood at 25.6 thousand FTE, reflecting a 2.02% decrease from the previous year. Over the last two years, the sector has experienced year-on-year variations of -2.01% and -2.02%. Analyzing over the past five years, the sector exhibited a Compound Annual Growth Rate (CAGR) of -1.60%, indicating consistent decline.
Since 2013, the sector has undergone various phases of decline and slow growth. Notably, from 2018, when employment peaked at 27.75 thousand FTE, it has generally trended downward. Forecasts indicate a continual decline, with the 5-year CAGR projected at -1.69%, resulting in a cumulative reduction of -8.16% by 2028.
Future trends to watch include technological advancements and automation, which could further reduce employment. Additionally, global supply chain challenges and shifts toward more sustainable production practices might significantly impact job numbers in this sector.
