In 2023, business enterprise R&D expenditure in the UK for the manufacture of computer, electronic, and optical products was approximately $1.45 billion (US dollars, PPP 2015). Forecast data from 2024 to 2028 shows a gradual decrease. The year-on-year variation shows an average decline of around 1.4% per year from 2024 to 2028. The compound annual growth rate (CAGR) over the forecast period predicts a decline of roughly 1.1% annually.
Future trends to watch for include potential impacts from global supply chain disruptions, technological advancements, and policy changes with regard to R&D investments and innovation in the technology sector.
