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Electronic Component & Board Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

Joseph Maher Joseph Maher London, United Kingdom Last Updated: April 2025 SIC UK-C261

Revenue

£92.2bn

2025-26

£96.3bn

Past 5-Year Growth

Profit

£X.Xbn

Employees

475k

Businesses

14,094

Wages

£XX.Xbn

Electronic Component & Board Manufacturing in the UK industry analysis

Electronic components are used in a wide range of applications, from computers and mobile phones to TVs and cars, while electronic boards are the fundamental inputs for nearly all electronic products. Manufacturers in this industry have contended with numerous economic headwinds in recent years. Most notably, the COVID-19 outbreak and subsequent supply chain disruptions drastically ramped up cost pressures. Fierce overseas competition is also a bone of contention, with low-cost production countries like China and Taiwan eroding demand. Electronic component and board manufacturing revenue is expected to fall at a compound annual rate of 5.5% to €92.2 billion over the five years through 2024, including an estimated decline of 3.7% in 2024.

Trends and Insights

  • The COVID-19 outbreak hit revenue. Economic activity plummeted during the COVID-19 outbreak, drastically reducing demand from downstream markets and forcing manufacturers to halt their operations.
  • Tariffs impact European exports. Increased tariffs hurt European exports to the US. This will probably force manufacturers to find new markets or face decreased profit, potentially disrupting established supply chains.
  • Market share concentration is low in the industry. Although there are a handful of dominant players, many small manufacturers also specialise in specific product lines and serve niche markets.
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Top Questions Answered in this Report

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What is the market size of the Electronic Component & Board Manufacturing industry in the United Kingdom in 2025?

The market size of the Electronic Component & Board Manufacturing industry in the United Kingdom is £92.2bn in 2025.

How many businesses are there in the Electronic Component & Board Manufacturing industry in the United Kingdom in 2025?

There are 14,094 businesses in the Electronic Component & Board Manufacturing industry in the United Kingdom, which has grown at a CAGR of 2.5 % between 2020 and 2025.

Has the Electronic Component & Board Manufacturing industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Electronic Component & Board Manufacturing industry in the United Kingdom has been declining at a CAGR of 2.5 % between 2020 and 2025.

What is the forecast growth of the Electronic Component & Board Manufacturing industry in the United Kingdom over the next 5 years?

Over the next five years, the Electronic Component & Board Manufacturing industry in the United Kingdom is expected to grow.

What does the Electronic Component & Board Manufacturing industry in the United Kingdom include?

Electronic integrated circuits and Other semiconductors are part of the Electronic Component & Board Manufacturing industry in the United Kingdom.

How competitive is the Electronic Component & Board Manufacturing industry in the United Kingdom?

The level of competition is high and steady in the Electronic Component & Board Manufacturing industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Electronic component and board manufacturers contend with regulations regarding intellectual property rights (like patents) and materials used in products and standards.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Electronic Component & Board Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Volatile raw material prices hit profitability. Since the COVID-19 outbreak, supply chain disruptions triggered a jump in raw material prices, with spiralling demand outstripping supply.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Electronic Component & Board Manufacturing in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

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