Challenges and opportunities for the electronics industry in 2024
Conflicts, crises, artificial intelligence – the electrical and digital industry has had to face many challenges in recent years. Higher energy prices and interest rates, shortages of raw materials and skilled workers, inflation. At the same time, companies should ensure product and price stability, support the digital transformation and act in a climate-conscious manner. Experts therefore anticipate a decline in production in 2024.
However, the industry is proving to be robust and is constantly facing new opportunities. The areas of electrification, automation and digitalization offer particular potential. There is strong growth here and thus a positive trend on the way to an all-electric society.
This potential must be exploited. Despite the many hurdles, companies in the electronics industry continue to rely on Germany as an industrial location and rely on existing resources and innovative ideas for further development. In order to expand application options and remain competitive, they are no longer just developing products, but increasingly product systems that can be used across all sectors.
What all products have in common are their electronic components, and these are crucial for the service life of appliances. Complexity and quality requirements are increasing. This makes it all the more crucial that all components are perfectly matched – starting with the optimum SMT stencil. With its production, Photocad contributes to meeting the technological challenges and opportunities in the electronics industry in a flexible and quality-conscious manner.
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Axel Meyer
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