£3.0bn
£XXX.Xm
13,304
979
£XXX.Xm
The world is increasingly connected. People communicate through a host of devices and services such as smartphones and computers. Connections are made via radio, TV, infrastructure and smart devices such as alarm systems, which are now often connected directly to the authorities. Communications equipment is used to establish these connections and manufacturing such equipment is a vital component of the global manufacturing sector. UK firms specialise in producing high-value products, competing on quality rather than price. Despite high global demand, the industry is in long-term decline, as cost pressures have forced manufacturers to relocate offshore. Over the five years through 2023-24, revenue is expected to decrease at a compound annual rate of 3.7% to £3 billion. Revenue has been highly volatile, slumping during 2020-21 as a result of COVID-19 restrictions halting production and recovering in 2021-22, owing to the gradual reopening of the economy boosting consumer and business confidence. In 2023-24, subdued economic growth and a tightening cost of living squeeze are expected to contribute to revenue declining by 1%, with downstream consumers limiting discretionary spending. However, the development of 5G is stemming the decline somewhat. The average profit margin is set to narrow owing to strong import competition and technology convergence undermining domestic manufacturers.Moving forward, strong international competition will apply downward pressure on UK manufacturers' sales. Nevertheless, investment in 5G, the next generation of broadband infrastructure, will continue driving advancements in the Internet of Things and boost demand for communication equipment related to data transfer in the short term. This is likely to be counterbalanced by companies moving manufacturing abroad and infrastructure contracts awarded to businesses overseas. Revenue is forecast to rise at a compound annual rate of 2.4% over the five years through 2028-29 to £3.4 billion. Increased global competition while manufacturers in East Asia move towards higher value-added manufacturing is likely to drive down prices.
Industry revenue has declined at a CAGR of 3.7 % over the past five years, to reach an estimated £3.0bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Sony Europe BV | 553.7 | |
Siemens plc | 284.4 | |
Sepura Ltd | 86.4 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including TV and radio broadcasting equipment, Data reception and transmission equipment and Burglar and fire alarms. TV and radio broadcasting equipment is the largest segment of the Communication Equipment Manufacturing in the UK.
Residential demand for burglar and fire alarm market is buoyed by remote working
Companies in this industry manufacture telecommunication and broadcasting equipment. Products include telephones (fixed-line, cordless and mobile), data communications equipment, pagers, modems, burglar and fire alarm systems, transmitting and receiving antennae and radio and TV transmitters. The industry also manufactures other broadcasting equipment, including professional video cameras.
Purchase this report to view all 4 major companies in this industry.
SIC 26.30 - Communication Equipment Manufacturing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Intensifying competition and Brexit challenges hit the communication equipment market. The high labour costs, heavy regulation, and added challenges from Brexit have made it ...
Learn about an industry's products and services, markets and trends in international trade.
Data reception and transmission equipment sales dip. A rise in streaming services has impacted traditional set-top boxes.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East benefits tech manufacturers, as it offers access to talent. The region's skilled workforce, proximity to London and presence of major tech companies provide di...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The Communication market is diluted by product variety. Various communication tools, from cellphones to train signalling systems, split customer focus and create niche market...
Learn about the performance of the top companies in the industry.
Sony Europe pivots to high-value production. Moving to produce high-value-added products, Sony is leveraging quality to remain competitive in the professional video camera ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations champion equipment safety and functionality in the UK. These laws govern the design and manufacture of products like mobile phones and routers, ensuring they're s...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
A microchip shortage hammers industry profit. The affordability and profitability of electronics manufacturing are under severe pressure due to an ongoing international scarc...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Communication Equipment Manufacturing in the UK industry in United Kingdom is £3.0bn in 2024.
There are 979 businesses in the Communication Equipment Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 4.3 % between 2018 and 2023.
The market size of the Communication Equipment Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 3.7 % between 2018 and 2023.
Over the next five years, the Communication Equipment Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Communication Equipment Manufacturing market in United Kingdom are Sony Europe BV, Siemens plc and Sepura Ltd
TV and radio broadcasting equipment and Data reception and transmission equipment are part of the Communication Equipment Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is Sony Europe BV.
The level of competition is high and increasing in the Communication Equipment Manufacturing in the UK industry in United Kingdom.