The value-added of computer and electronic product manufacturing in Canada has demonstrated a consistent upward trend from 2013 to 2023, standing at CAD 9.4038 billion in 2023. Over the past decade, the sector has experienced fluctuations, notably in 2020 with a -4.37% decline due to economic uncertainties. However, the industry bounced back, with an annual growth rate of 7.89% in 2021 and 3.26% in 2022. The average compound annual growth rate (CAGR) over the last five years has been 2.99%. Looking ahead, the industry is forecasted to grow at a CAGR of 2.18% from 2024 to 2028, reaching CAD 10.786 billion by 2028.

Future trends to watch for:

Continued technological innovation and digital transformation driving demand.
Increasing investments in research and development for advanced electronics.
Potential supply chain disruptions impacting production and value-added growth.
Enhanced focus on sustainability and environmentally-friendly manufacturing practices.