In 2023, the electronic components and electronic boards sector in the UK had 842 enterprises. The forecast for 2024-2028 shows a steady decline in the number of enterprises, with values dropping from 832 in 2024 to 796 in 2028. This indicates a compound annual growth rate (CAGR) of approximately -1.1%.
* The year-on-year variation from 2024 to 2025 is -1.1%.
* From 2025 to 2026, the industry faces a decrease of -1.1%.
* The 2026 to 2027 period also sees a -1.2% reduction in enterprises.
* Finally, from 2027 to 2028, there is a -1.0% decline.
Future trends to watch include market consolidation as enterprises may merge to increase competitiveness. Technological advancements and manufacturing automation could reshape the landscape, potentially leading to recovery or further decline, depending on adaptability and innovation within the sector.
