The UK's sold production of processors and controllers, electronic integrated circuits, forecast for 2024 to 2028 shows a consistent annual decline. In 2023, production stood at 104.62 million euros. Year-on-year, a decrease of approximately 3.2% is expected from 2024 to 2025, followed by a 3.3% drop from 2025 to 2026. This downward trend continues with a decline of 3.3% from 2026 to 2027, and 3.3% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from this period is approximately -3.1%, reflecting a sustained contraction in production output.

Key future trends to watch for:

Technological innovations impacting demand and efficiencies.
Brexit’s long-term impacts on the semiconductor sector.
Global semiconductor shortages and supply chain disruptions influencing production.
Increased emphasis on local manufacturing and supply chain resilience.