In 2023, the total internal R&D personnel in the UK's manufacture of computer, electronic, and optical products was slightly below the projected 15.17 thousand full-time equivalent for 2024. The steady annual growth from 2024 to 2028, with values increasing from 15.17 to 15.7 thousand, represents consistent year-on-year growth rates, typically around 0.9% per annum. The anticipated compound annual growth rate (CAGR) over this forecast period is approximately 0.9% as well.
Future trends to watch include technological advancements driving further R&D growth, policy changes influencing investment, and potential impacts from economic shifts such as Brexit ramifications and digital transformation initiatives.
