The production in Austria's Manufacture of Electronic Components and Boards sector has demonstrated a strong upward trajectory from 2013 to 2023, beginning at 2.17 billion euros in 2013 and standing at 5.68 billion euros in 2023. The growth showcases an increasing trend with occasional fluctuations, including notable drops in 2013 (-0.5%) and 2020 (-0.62% year-on-year). Between 2018 and 2023, the sector maintained a steady growth with a 2023 year-on-year increase of 4.8% and a compound annual growth rate (CAGR) of 4.39% over the last five years.
The forecasted data from 2024 to 2028 project further growth, reaching 6.92 billion euros in 2028. The forecast 5-year CAGR is 3.13%, reflecting a consistent, though decelerating, growth pattern. This suggests a more mature phase of development for the sector.
Future trends to watch for include:
- The pace of technological advancements and innovation within the electronic components and boards sector.
- Potential shifts in market demand due to emerging technologies such as 5G, AI, and IoT.
- Economic conditions and global supply chain dynamics that may impact production capabilities and costs.
- Sustainability and regulations influencing manufacturing practices and material usage.
