Forecast: Electronic Components and Electronic Boards Number of Persons Employed in Belgium

Since 2013, the employment in the Electronic Components and Electronic Boards sector in Belgium has seen fluctuating trends. From 2013 to 2018, the values generally experienced small declines and modest increases, reaching 2.75 thousand in 2018. A significant growth spurt occurred in 2019, where employment surged to 3.55 thousand, marking a 29.28% year-on-year increase. Since then, the growth has leveled, with recent figures in 2023 showing a slight 0.89% increase year-on-year, reaching 3.51 thousand employees. Over the past five years, the sector's CAGR stands at 5.01%, indicating steady growth.

Future trends to watch for include:

  • Continued modest growth, with an expected CAGR of 0.66% over the next five years.
  • Technological advancements and automation impacts on employment numbers.
  • Global supply chain dynamics potentially affecting employment.
  • Policy changes and economic conditions within the EU impacting the sector.

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