Forecast: Electronic Components and Electronic Boards Production Value in Sweden

The production value of electronic components and electronic boards in Sweden shows fluctuating trends from 2013 to 2023. In 2023, the production value was 823.4 million Euros. Between 2013 and 2023, there were significant variations, with notable declines in 2017 (-19.02%) and 2021 (-6.52%), contrasted by considerable growth in 2016 (26.69%) and 2020 (16.46%). The average annual growth rate (CAGR) for the last five years up to 2023 is -0.7%, indicating a slight downward trend.

Looking ahead, projections for 2024 to 2028 suggest a stabilization with a slight upward trend. The forecasted CAGR from 2024 to 2028 is 0.25%, suggesting modest growth. By 2028, the production value is expected to reach 836.3 million Euros.

Future trends to watch for include:

  • Technological advancements driving demand for innovative and high-quality components.
  • The impact of global supply chain dynamics and geopolitical factors.
  • Shifts towards sustainability and energy-efficient production processes.
  • The integration of IoT and AI in electronic components and boards.

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