The number of persons employed in the loaded electronic boards sector in the UK is forecasted to decline from 7.72 thousand in 2024 to 7.41 thousand by 2028. This represents a steady year-on-year reduction averaging approximately 1% each year over the projected period. This decline highlights a potential trend of increasing automation and efficiency improvements within the industry. In 2023, the employment figure stood higher than any future forecasted values.
Future trends to watch for include:
- Technological advancements in automation and AI, potentially reducing the need for manual labor.
- Shifts in global supply chain strategies impacting UK employment levels.
- Continued focus on sustainability which may alter production processes and employment needs.