From 2013 to 2023, the electronics components and boards industry in the UK experienced fluctuating performance, with notable drops in 2014 (-10.8%) and 2015 (-5.95%), followed by a peak in 2018 (+17.3%). In the recent years, there has been a steady decline from 2020 onwards (-0.82% year-on-year in 2023). Forecasted data for 2028 suggests a -0.7% CAGR with a total decrease of -3.45% over the next five years.
The sector is expected to face continued challenges. Future trends to watch include increasing use of advanced materials, automation in manufacturing, and potential impacts from geopolitical factors affecting the supply chain. Market consolidation and advancements in technology integration are key aspects that could affect turnover in the coming years.
