Mark Prisk, the UK Business Minister, has hailed the importance of the UK electronics manufacturing industry in the gradual recovery of the British economy as a whole.
“Electronics is involved in every part of the economy, from consumer goods to farming. It makes cars more reliable, aircraft safer and data movement faster,” stated Prisk as he attended an electronics exhibition last week.
“There is massive potential for growth in the sector and the UK is uniquely placed in Europe to take full advantage of that. We have 40% of the European market in electronics system design, nearly a third of Europe’s silicone design companies and we are the home to Europe’s largest concentration of electronic system design houses,” continued Prisk.
The positive bulletin on the future of the UK electronics manufacturing sector follows more recent upbeat comments.
Phil Inness, Chairman of the Electronic Manufacturing Services Association (EMSA), feels that the UK contract electronics market is probably worth approximately £1.4 billion a year.
“The market is in pretty good shape and is certainly growing in excess of 5% a year,” claimed Inness.
One particular reason for this might be the demand which continues to be generated by the aerospace sector.
A recent report suggests that aerospace remains one of the most important manufacturing sectors for the entire UK electronics industry.
Manufacturing contributes approximately 18% of the UK’s GDP, with aerospace being one of the main reasons for this.
The sector’s annual turnover is rated at approximately £22 billion, with export business accounting for 70% of that turnover.
Figures like this emphasis the link between the importance of a flourishing aerospace sector and the UK electronics industry.
Leading electronics manufacturers
Challenger Components have over 50 years of experience in connector products and a variety of additional electrical components. They also work alongside a number of leading brand names within the electronics manufacturing industry such as Amphenol, Nicomatic and 3M.
For full details of all the products available from manufacturers such as those named above, contact www.challengercomponents.com