Employment in the "Manufacture of Electronic Components and Boards" sector in Austria has shown a gradual upward trend from 2013 to 2023, increasing from 7.76 thousand FTEs in 2013 to 10.61 thousand FTEs in 2023. The sector saw the highest year-on-year growth in 2018 at 7.23%, followed by solid gains in 2015 and 2017. The last five years experienced a compound annual growth rate (CAGR) of 2.13%, indicating sustained employment expansion.
Future projections forecast continuous, albeit modest, growth with a forecasted CAGR of 1.28% over the next five years, reaching 11.5 thousand FTEs by 2028. This represents an overall growth rate of 6.54% from 2023 to 2028.
Trends to watch for in the future include:
- Technological advancements driving new product development.
- Increasing automation and its impact on employment numbers.
- Global supply chain shifts and their effects on local manufacturing employment.
- Government policies and incentives for the electronics manufacturing sector.
