Between 2013 and 2023, the electronic components and electronic boards wages and salaries in the UK have shown fluctuations, with key variations such as an 8.87% rise in 2014 followed by a significant decline of 10.01% in 2015. From 2016 onwards, there has been a general trend of marginal year-on-year decreases. In 2023, the industry stood at 700.8 Million Euros, marking a 0.68% decrease from the previous year. The Compound Annual Growth Rate (CAGR) over the last 5 years has been -0.79%, indicating a subdued growth trajectory.
Looking ahead to 2024 and beyond, the forecast suggests a continued decline, with the industry anticipated to stand at 675.4 Million Euros by 2028. The forecasted 5-year CAGR is -0.58%, reflecting a consistent downward trend. Future trends to watch for include potential technological disruptions, changes in the global supply chain dynamics, and economic policies that could impact labor costs and employment in this sector.
