The turnover for electronic components and electronic boards in Italy stood at 6.23 billion Euros in 2023. Over the years, this sector displayed a mixed trend with fluctuations. From 2013 to 2019, it experienced steady growth despite some dips, reaching a peak in 2019. However, 2020 saw a significant decline due to the global pandemic, followed by a gradual recovery in subsequent years. The annual growth rates for 2022 and 2023 were 0.52% and 0.51%, respectively, and the five-year CAGR up to 2023 was -0.34%. Moving forward, the forecasted CAGR from 2024 to 2028 is 0.39%, indicating modest growth.
Future trends to watch for include:
- An increased focus on sustainability and green electronics.
- Enhanced demand driven by advancements in IoT and automation.
- Potential disruptions and opportunities from semiconductor supply chain adjustments.