The forecast for the total internal R&D personnel in the UK’s manufacture of electronic components and boards sector suggests a gradual decline from 2024 through 2028. As of 2023, the sector employed just over 1,000 full-time equivalent positions. Forecasts indicate a decrease, with a year-on-year drop of about 6% from 2024 to 2025, 6.3% to 2026, 6.6% in 2027, and around 7% in 2028. The compound annual growth rate (CAGR) shows an average yearly decline of approximately 5.4% over this period.
Future trends to watch for include:
- The impact of technological advancements, such as automation and AI, which may further reduce personnel needs.
- Government policies or initiatives that may encourage innovation, potentially reversing the downward trend.
- Global economic conditions affecting R&D investment and resource allocation in the electronics manufacturing sector.
