In the second quarter of the year, exports of Spanish automotive component and manufacturers went up to €6,303 million, a +25.4% inter-annual growth rate compared with 2020 and a -3.7% contraction compared to the same period in 2019.
The electric and connected car market break-in in the last years is promoting the development of an automotive electronic component-centered industry. As time goes by, they get more and more indispensable inside the wide variety of systems which are built into any car.
With the worst of the pandemic left behind, it seems that we finally do move towards a new normality, back to routines and tasks, as well as professional in-person meetings. Automotive component manufacturers are also back to attending fairs. Some of them have already started. This is the case of Frankfurt’s Automechanika, held two weeks ago in a hybrid format. Its return received a warm welcome as attendance numbers show.