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Electronic Component & Board Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 261 June 2024 Spotlight Report

Revenue

€92.2bn

2019-2024 5.5 %
2024-2029 X.X %

Employees

475k

2019-2024 4.2 %
2024-2029 X.X %

Businesses

14,094

2019-2024 2.5 %
2024-2029 X.X %

Profit

€X.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Electronic Component & Board Manufacturing in Europe industry analysis

Electronic components are used in a wide range of applications, from computers and mobile phones to TVs and cars, while electronic boards are the fundamental inputs for nearly all electronic products. Manufacturers in this industry have contended with numerous economic headwinds in recent years. Most notably, the COVID-19 outbreak and subsequent supply chain disruptions drastically ramped up cost pressures. Fierce overseas competition is also a bone of contention, with low-cost production countries like China and Taiwan eroding demand. Electronic component and board manufacturing revenue is expected to fall at a compound annual rate of 5.5% to €92.2 billion over the five years through 2024, including an estimated decline of 3.7% in 2024.

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Industry Statistics and Trends

Electronic Component & Board Manufacturing in Europe key trends

The COVID-19 outbreak hit revenue.

 

Economic activity plummeted during the COVID-19 outbreak, drastically reducing demand from downstream markets and forcing manufacturers to halt their operations.

Manufacturers contend with overseas competition.

 

Rising competition from low-cost manufacturers like China and Taiwan has eroded demand in recent years, as they can price their products more competitively than European electronic component and board manufacturers.

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Electronic Component & Board Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Electronic Component & Board Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.5 % over the past five years, to reach an estimated €92.2bn in 2024.

Trends and Insights

Turbulent economic conditions hit demand

  • The COVID-19 outbreak brought economic activity to a standstill in the first half of 2020, with manufacturers forced to shut down their operations to comply with social distancing measures, resulting in revenue plummeting during the year.

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Electronic Component & Board Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Overseas competition will continue to intensify

  • Strong international competition from low cost countries like China and Taiwan will continue to erode demand in the coming years. Asian printed circuit board manufacturers are becoming more advanced and have lower manufacturing costs, weighing on revenue growth.

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Revenue

€92.2bn

2019-2024 5.5 %
2024-2029 X.X %

Employees

475k

2019-2024 4.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.2 % *
  • Job Growth

Top 5 Countries

  1. Slovakia +11.7%
  2. Poland +11.2%
  3. Hungary +10.5%
  4. Czechia +8.5%
  5. Estonia +8.1%

Bottom 5 Countries

  1. Denmark -5.2%
  2. Serbia -4.5%
  3. Malta -3.4%
  4. Germany-0.4%
  5. Greece +0.1%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Electronic Component & Board Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Intel Corporation
61,583.5
2,942.7
4.8
STMicroelectronics NV
16,923.8
4,884.8
28.9
Infineon Technologies AG
15,501.4
3,774.4
24.3

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Electronic Component & Board Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Electronic Component & Board Manufacturing industry in Europe in 2024?

The market size of the Electronic Component & Board Manufacturing industry in Europe is €92.2bn in 2024. 

How many businesses are there in the Electronic Component & Board Manufacturing in Europe industry in 2024?

There are 14,094 businesses in the Electronic Component & Board Manufacturing industry in Europe, which has grown at a CAGR of 2.5 % between 2019 and 2024.

Has the Electronic Component & Board Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Electronic Component & Board Manufacturing industry in Europe has been declining at a CAGR of 2.5 % between 2019 and 2024. 

What is the forecast growth of the Electronic Component & Board Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Electronic Component & Board Manufacturing industry in Europe is expected to decline.

What are the biggest companies in the Electronic Component & Board Manufacturing market in Europe?

The biggest companies operating in the Electronic Component & Board Manufacturing market in Europe are Intel Corporation, STMicroelectronics NV and Infineon Technologies AG

What does the Electronic Component & Board Manufacturing in Europe include?

Electronic integrated circuits and Other semiconductors are part of the Electronic Component & Board Manufacturing industry.

Which companies have the highest market share in the Electronic Component & Board Manufacturing in Europe?

The company holding the most market share in Europe is Intel Corporation.

Which countries have the most businesses in the Electronic Component & Board Manufacturing industry in Europe?

The European country with the most businesses in the Electronic Component & Board Manufacturing industry is Germany.

How competitive is the Electronic Component & Board Manufacturing industry in Europe?

The level of competition is high and steady in the Electronic Component & Board Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Manufacturers in the industry produce semiconductors, other components for electronic application, loaded electronic boards and load components onto printed circuit boards.

Related Terms

INTEGRATED CIRCUIT SEMICONDUCTOR DIODE

What's included in this industry?

Electronic integrated circuitsOther semiconductorsPrinted circuit boardsPassive electronic components

Companies

Intel CorporationSTMicroelectronics NVInfineon Technologies AG

Industry Code

ISIC 2006

261 - Manufacture of electronic components and boards in Europe

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Performance

Key Takeaways

Turbulent economic conditions hit demand

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Electronic Component & Board Manufacturing in Europe industry (2011 -2029)
  • Employees in the Electronic Component & Board Manufacturing in Europe industry (2011 -2029)
  • Business in the Electronic Component & Board Manufacturing in Europe industry (2011 -2029)
  • Profit in the Electronic Component & Board Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Electronic Component & Board Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Electronic Component & Board Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Electronic Component & Board Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Electronic Component & Board Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Price competition from overseas markets hurt demand. Manufacturers in the industry contend with fierce overseas competition from low cost production countries like China and Taiwan.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Electronic Component & Board Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Electronic Component & Board Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Electronic Component & Board Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Market share concentration is low in the industry. Although there are a handful of dominant players, many small manufacturers also specialise in specific product lines and serve niche markets.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Intel Corporation
  • Countries of operation for STMicroelectronics NV
  • Countries of operation for Infineon Technologies AG
  • Countries of operation for Robert Bosch GmbH
  • Countries of operation for Schneider Electric SE
  • Countries of operation for Texas Instruments Inc.
  • Countries of operation for Osram Opto Semiconductors GmbH
  • Countries of operation for TE Connectivity Ltd
  • Countries of operation for NXP Semiconductors NV
  • Countries of operation for Vishay Intertechnology, Inc.

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Electronic component and board manufacturers contend with regulations regarding intellectual property rights (like patents) and materials used in products and standards.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electronic Component & Board Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Volatile raw material prices hit profitability. Since the COVID-19 outbreak, supply chain disruptions triggered a jump in raw material prices, with spiralling demand outstripping supply.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electronic Component & Board Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.