Based on the data:
- 2024: 6.67
- 2025: 6.42 (-3.75%)
- 2026: 6.17 (-3.89%)
- 2027: 5.94 (-3.73%)
- 2028: 5.7 (-4.04%)
The average compound annual growth rate (CAGR) over the forecast period (2024-2028) is -3.37%. This indicates a consistent decline in the sold production of lasers in the UK.
Technological advancements, market saturation, global competition, and shifts in demand due to emerging alternative technologies will be crucial factors shaping the future trend of laser production in the UK. Monitoring wider economic conditions and industry innovations will provide valuable insights for strategic planning.
