The UK employment in the manufacture of measuring, testing, navigating, and control equipment; watches and clocks sector increased steadily. In 2023, employment was slightly lower than forecasted 2024 figures. The forecast suggests gradual growth, leading to 57.2 thousand FTE by 2028. Notably, the year-on-year growth remains consistent, reflecting steady demand in this sector.
Future trends to watch for include:
- Technological advancements enhancing product complexity and requiring specialized skills.
- Impact of emerging markets on demand for sophisticated measurement equipment.
- Potential disruptions due to economic or geopolitical changes influencing global supply chains.
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- Units (Enterprises)
- 2024 to 2028
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- Million Pounds Sterling
- 2024 to 2028
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