The output of Computer, Electronic, and Optical Products Manufacturing in Germany stood at 104.48 Billion Euros in 2023. The sector experienced variations in year-on-year growth with 2015 showing a significant increase of 13.12%, while 2020 marked a decline of 4.15%. Over the last two years, the annual growth rates were 2% in 2022 and approximately 1.96% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.12%, indicating moderate growth.
Looking forward, the industry is forecasted to grow to 114.25 Billion Euros by 2028, representing a forecasted 5-year CAGR of 1.42%. Key trends to watch include advancements in digitalization, expansion in IoT (Internet of Things), 5G technology integration, and innovations in AI applications within the sector, potentially serving as catalysts for future growth and development in manufacturing outputs.
