The Manufacture of Electronic Components and Boards sector in Belgium demonstrated notable growth from 2013 to 2017, peaking at 1,090 million Euros in 2017 after a gradual increase. However, turnover has experienced fluctuations since then, with a notable decrease and subsequent stabilization around 1,080 million Euros between 2023 and 2028. Specifically, from 2024 onwards, forecast data suggests a stabilization, indicating no significant growth or decline in the sector with a forecasted 5-year CAGR at -0.06%.
In terms of year-on-year variation, the sector exhibited a strong upward trend through to 2017 but faced reductions and stabilization in recent years, with a decrease of -0.074% and an average annual growth rate standing at 0.69% over the last five years. The longer period trends from 2013 to 2023 underline a growth phase followed by a plateau.
Trends to watch for:
- Technological advancements and innovations driving demand for electronic components.
- Global supply chain disruptions and their impact on manufacturing continuity.
- Emergence of new markets and investment in R&D which may sway future dynamics.
- Potential impacts of regulatory changes and sustainability initiatives on manufacturing practices.
