The forecasted turnover for the UK Manufacture of Electronic Components and Boards sector sees a gradual decline from 2024 to 2028. Starting at £3.01 billion in 2024, it is anticipated to decrease to £2.92 billion by 2028. Compared to 2023 figures, there is a noticeable downward trajectory, which translates to a year-on-year decline of around 0.66% annually. The cumulative average growth rate (CAGR) projected over this period reflects a consistent annual reduction of approximately 0.75%.

Future trends to watch for include:

The impact of technological innovations and automation on cost structures.
Potential Brexit implications that may still affect trade relationships and component supply chains.
Shifts in demand due to evolving consumer electronics markets and emerging technologies such as 5G and IoT.