In 2023, the number of researchers in the manufacture of electrical equipment in the UK was slightly lower than the 2024 forecast of 3.61 thousand FTEs. Year-on-year growth reveals a steady increase: 3.3% from 2024 to 2025, 3.2% from 2025 to 2026, 3.1% from 2026 to 2027, and 2.8% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 3.1%.
Future trends to watch for include:
- Continued technological advancements which may increase demand for researchers.
- Potential policy changes affecting the workforce or R&D incentives.
- Global competition driving innovation within the UK sector.
