The forecast suggests a steady decline in the number of enterprises in the UK’s electronic components and boards manufacturing sector from 2024 to 2028. Starting with 837 enterprises in 2024, the reduction translates to a consistent year-on-year decrease of around 1.08% annually, indicative of a challenging market environment. In comparison, 2023 numbers stood at 846 enterprises, highlighting ongoing contraction. Over the five-year period from 2024 to 2028, the forecasts exhibit a CAGR of -0.87%.

Future trends to watch for in this sector might include:

Impact of Brexit and regulatory changes on manufacturing operations.
Potential shifts in demand for electronics driven by technology innovations.
Influence of global supply chain disruptions on local enterprises.
UK government’s industrial strategy initiatives aiming to boost competitiveness.