From 2013 to 2023, the electronic components and electronic boards turnover in Denmark showed significant fluctuations. After a high of 383.2 million Euros in 2013, the turnover dropped sharply by 18.58% in 2014. The years that followed experienced a series of ups and downs, with the most dramatic decline in 2017, a decrease of 41.9% from the previous year. This volatility continued up to 2023, where the market stood at 227.5 million Euros, representing a year-on-year decrease of 4.85%. Over the past five years (2018-2023), the industry experienced an average annual decline (CAGR) of 1.34%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a consistently declining trend, culminating in a turnover of 170.4 million Euros in 2028. This implies a forecasted average annual decline (CAGR) of 4.63% over the next five years, amounting to a total reduction of 21.11% from 2023 to 2028.
Future trends to watch for include:
- Potential impacts of global supply chain disruptions on component availability and pricing.
- Technological advancements, especially in renewable energy and electric vehicles, which might alter the demand for specific electronic components.
- Increased focus on sustainability and recycling of electronics that could drive market shifts.
- Macroeconomic factors, including geopolitical tensions and inflation, which might affect overall spending in the electronics sector.
