In Norway, the turnover for electronic components is forecasted to increase steadily from 538.4 million Euros in 2024 to 572.3 million Euros in 2028. The turnover value in 2023 stood at 528.6 million Euros. Year-on-year growth shows a consistent upward trend: 2.1% in 2024, 2.2% in 2025, 1.7% in 2026, 1.3% in 2027, and 1.0% in 2028. Over the last two years leading up to 2024, the turnover has seen an average annual increase of 1.8%. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period stands at approximately 1.6%.
Future trends to watch for include the integration of advanced technologies such as IoT (Internet of Things), increasing demand for renewable energy components, and potential disruptions due to geopolitical factors or supply chain constraints.
