The forecasted employment in the UK’s Manufacture of Measuring, Testing, Navigating, and Control Equipment sector suggests a steady increase from 2024 to 2028. Starting at 59.56 thousand employees in 2024, it is expected to grow marginally by 0.20% each year, reaching 59.99 thousand employees by 2028. The 2023 figure that serves as a baseline stood at 59.45 thousand employees, indicating a slight but consistent upward trend.
- 2024 to 2025: 0.18% increase
- 2025 to 2026: 0.18% increase
- 2026 to 2027: 0.18% increase
- 2027 to 2028: 0.17% increase
The compounded annual growth rate (CAGR) over the five-year forecast period is around 0.18% per annum, reflecting a stable growth pathway.
Future trends to watch include technological advancements and their potential impact on workforce demands, as well as global market conditions that could influence exports and production rates within the UK sector.
