The UK employment in the manufacture of measuring, testing, navigating, and control equipment sector is projected to grow steadily between 2024 and 2028. Starting at 57.02 thousand FTEs in 2024, it is expected to reach 57.53 thousand by 2028. In 2023, employment stood at 56.87 thousand, indicating a slight growth pattern.
Year-on-year increases are minimal, averaging around 0.23% annually, demonstrating stability in the industry. The compound annual growth rate (CAGR) over the projected five-year period is approximately 0.23%, further reinforcing the slow but steady upward trend.
Future trends to watch include technological advancements, which might impact job roles and the demand for specialized skills. Additionally, global economic conditions and trade policies could influence industrial growth and employment numbers.
