The turnover for Electronic Components and Electronic Boards in Norway is forecasted to grow from 627.1 million Euros in 2024 to 652.6 million Euros in 2028. Comparing the actual value of 611.3 million Euros in 2023, the forecast represents a consistent year-on-year increase. The percentage variation from 2023 to 2024 is approximately 2.6%. For subsequent years, the turnover is predicted to rise by 1.4% in 2025, 1.1% in 2026, 0.9% in 2027, and 0.7% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period stands at around 1.6% per year.

Future trends to watch for:

Advancements in technology driving demand for more sophisticated electronic components.
Increasing trends towards smart devices and the Internet of Things (IoT).
Potential economic and geopolitical factors impacting supply chains.
Emergence of new market entrants and increased competition.
Environmental regulations influencing manufacturing processes.