The production value of electrical and electronic equipment for motor vehicles in Italy saw varying trends between 2013 and 2023. Starting at 2.46 billion Euros in 2013, the market experienced significant growth, reaching 3.62 billion Euros by 2023. Year-on-year, there were notable fluctuations, with significant drops in 2015 and 2020. The last two years showed positive trends with a 7.26% growth in 2022 and a 5.79% increase in 2023. The 5-year CAGR (2018-2023) stood at 2.48%.
Looking forward, the production value is forecasted to continue growing, reaching 4.2 billion Euros by 2028. This reflects an average annual growth rate (CAGR) of 2.36% over the next five years, representing a 12.39% increase from 2023. Future trends to watch include potential disruptions from new technologies, shifts in global supply chains, and changes in consumer demand for electric and electronic automotive components.
