The workforce in the manufacture of consumer electronics sector in Spain has exhibited fluctuating trends, with a noticeable decline over the years. Starting from 2013 with 1.14 thousand employees, the sector experienced a significant drop until 2015. It saw a prominent rise in 2016, followed by alternating gains and losses until 2020. A consistent downward trend marked the period from 2021 to 2023, standing at 0.977 thousand employees in 2023, experiencing a -6.6% year-on-year variation. Forecasts project continued decline, with a compounded annual growth rate (CAGR) from 2024 to 2028 of -6.59%, reflecting an overall reduction of 28.9%.
Key future trends to watch:
- Technological advancements and automation potentially decreasing labor needs.
- Shift towards high-skill labor for advanced manufacturing processes.
- Global supply chain dynamics influencing local employment.
- Policy changes and investment in innovation affecting sector employment.
