In 2023, actual employment in the UK's electronic components sector stood at 11.3 thousand. The forecast from 2024 to 2028 suggests a consistent decline, with figures dropping from 10.87 thousand in 2024 to 9.32 thousand in 2028. The year-on-year variation indicates a steady decrease, averaging around -4.2% annually. Over the five-year period, the Compound Annual Growth Rate (CAGR) reflects a downward trend of approximately -3.8% per year.
Future trends to watch include technological advancements reducing labor dependency and potential shifts in international trade policies affecting industry employment. Adapting skill sets to emerging technologies could mitigate employment reductions.
