The forecast for employment in the UK electronic components and boards sector indicates a declining trend from 2024 to 2028. The number of employed individuals is projected to decrease year-on-year, with values decreasing from 18.59 thousand in 2024 to 16.73 thousand by 2028. This encompasses an average annual decline (CAGR) in employment over five years. From 2023's number of 19.10 thousand employees, this trend suggests ongoing challenges, potentially due to automation, improved manufacturing efficiency, or shifting market demands.
Future trends to watch:
- Advancements in automation and AI, influencing labor needs.
- Shifts towards greener technologies, affecting skill requirements.
- Brexit-related regulatory changes impacting sector dynamics.
