The electronic integrated circuits market size in Romania, expressed in millions, reached 164.83 in 2023. Over the past decade, the market witnessed fluctuations, with notable growth between 2016-2019, marked by substantial year-on-year increases such as 36.12% and 35.45%. However, the market faced a challenging phase in 2020 with a decline of 10.85% but rebounded strongly in subsequent years with a 13.45% increase in 2021 and 12.05% in 2023. The compound annual growth rate (CAGR) over the last five years stood at 5.19%, indicating a steady upward trend.
Future trends to watch for include:
- The impact of technological advancements and digital transformation on market demand.
- Potential effects of global semiconductor supply chain disruptions.
- Emerging investment opportunities in innovative circuit solutions to drive growth.