The turnover for electronic components and electronic boards in Germany exhibited fluctuations over the past decade. From 2013 to 2023, turnover peaked in 2018 at €27.23 billion, reflecting strong industry growth. However, from 2019 the values trended downward, settling at €24.59 billion in 2023, a 0.83% decrease from the previous year. The 5-year CAGR stands at -2.02%, indicating a declining trend. For the future, turnover is projected to decrease slightly, reaching €23.59 billion by 2028, with a forecasted 5-year CAGR of -0.66%.
Future trends to watch for include advancements in technology, increasing demand for IoT devices, and shifts in global supply chain dynamics, which may influence market behavior and potentially counter the declining trend.
