In 2023, the production value of Electronic Components and Electronic Boards in Norway stood at 623.2 million euros. According to the forecast, production value is expected to grow consistently from 632.0 million euros in 2024 to 659.6 million euros by 2028. The year-on-year percentage increase projected for 2024 is approximately 1.4%. For 2025, the growth is expected to be around 1.5%, followed by a 1.2% and 0.9% rise in 2026 and 2027 respectively. Between 2024 and 2028, the average annual growth rate (CAGR) is forecasted to be about 1.1%.
Future Trends to Watch For:
• Continued technological advancements driving demand for newer electronic components and boards.
• Increasing adoption of IoT devices and automation in various sectors.
• Potential supply chain disruptions or geopolitical factors impacting the industry.
