The sold production of parts of integrated circuits and microassemblies in Portugal has experienced significant fluctuations over the past decade. Between 2014 and 2023, the industry saw periods of both growth and contraction. The value in 2023 stood at 1.7675 million euros, reflecting a 5.9% year-on-year decline from 2022. Over the past two years, the industry continued its downward trend, with the value dropping from 1.9913 million euros in 2021. The compound annual growth rate (CAGR) over the last five years showed an average annual decline of 4.28%.
Future trends indicate a continued decline in sold production value, with forecasts showing a year-by-year decrease. By 2028, the value is predicted to drop to 1.1888 million euros, representing a forecasted five-year CAGR of -6.3% and an overall decline of 27.77% from 2023 levels.
Future Trends to Watch For:
- Innovation and advancements in integrated circuits and microassemblies technology.
- Potential shifts in global supply chains and regional production capabilities.
- Market demand fluctuations due to evolving consumer electronics and automotive sectors.
- Impact of governmental policies and tariffs on the electronics industry.
