Key Market Indicators
The British electronic component market is projected to see a slight decline over the next few years, with revenue expected to drop from approximately €2.5 billion in 2023 to around €2.4 billion by 2028. This represents an average annual decrease of 0.8%. Since 2013, the British market has already experienced a yearly decline of nearly 2%. In 2023, the United Kingdom ranked sixth in Europe for electronic component revenue. Italy led the UK with revenue also at roughly €2.5 billion. Other European nations outperforming the UK in this sector include France, Hungary, and Austria, which respectively held the second, third, and fourth positions in the rankings.
