Forecast: Turnover in Manufacture of Measuring, Testing, Navigating and Control Equipment Sector in the UK

The turnover in the UK's manufacture of measuring, testing, navigating, and control equipment sector is forecasted to rise steadily from £12.76 billion in 2024 to £13.64 billion in 2028. Considering last year's figures for 2023 were not provided, the forecast indicates a positive trend with consistent growth over these five years. Year-on-year growth rates hover around 1.8%, reflecting a stable industry outlook. The compound annual growth rate (CAGR) for the period is approximately 1.8%.

Future trends to watch:

• Technological advancements and their impact on product development.
• Potential economic disruptions influencing supply chains and demand.
• Increasing application of IoT and AI in control equipment manufacturing.