Electronic & Optical Equipment Repair in the UK - Market Research Report (2014-2029)

Seeing growth: Rising passenger numbers are bringing in growth opportunities for the industry in the current year

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The rising demand from the healthcare sector and the increased reliance by the NHS on outsourcing for repairs and maintenance work stimulated the need for medical equipment repairs throughout the years. However, challenging conditions limited industrial production, specifically in the manufacturing sectors. This led to more extended maintenance periods and a drop in revenue over the three years through 2020-21 because of the reduction of non-essential repairs.

Firms in this industry repair and maintain a range of measuring, testing and navigating equipment, such as aircraft engine instruments, surveying equipment, radiation detectors and monitoring instruments. They also deal with irradiation, electromedical and electrotherapeutic equipment such as MRI scanners and pacemakers, as well as optical instruments and equipment like binoculars and microscopes.