Production in the manufacture of electronic components and boards sector in France experienced fluctuations between 2013 and 2023. The sector saw significant year-on-year variations, including a notable high of 10.46 billion euros in 2018, which demonstrated a 9.33% increase from the previous year. However, it faced a decline, especially between 2019 and 2020, with a dip of 6.72%. From 2021 onwards, the sector has shown modest recovery and stability, with a minor year-on-year growth rate of around 0.24% by 2023, standing at 9.61 billion euros.
Notable trends over the last two years include:
- A slight year-on-year growth of 0.24% in both 2022 and 2023, indicating a slowly recovering stability.
- A five-year Compound Annual Growth Rate (CAGR) of -1.68%, reflecting the sector’s overall recovery post the 2019-2020 slump.
Future projections from 2024 to 2028 show a steady increase, with an average annual growth rate of roughly 0.18% leading to an expected value of 9.72 billion euros by 2028. Such consistent, if modest, growth signals a return to stability and potential incremental gains.
Future trends to watch for include:
- Technological advancements and increased demand for electronic components in various industries.
- Impact of global supply chain disruptions on the production capabilities.
- Government policies and investments in the electronics manufacturing sector.
