The employment in the UK’s Manufacture of Electronic Components and Boards sector is forecasted to decline steadily from 18.59 thousand employees in 2024 to 16.73 thousand employees by 2028. In 2023, this sector had a workforce of approximately 19.10 thousand. From 2024 to 2028, a year-on-year decrease is observed, with a compound annual growth rate (CAGR) accentuating the downward trend over these five years.
Future trends to watch for include:
- Technological advancements potentially affecting labor needs.
- UK’s industrial policy and its impact on manufacturing.
- Global demand fluctuations influencing domestic employment.
- Emerging markets and their role in shifting employment dynamics.
