The UK is officially in another
recession with the dreaded ‘double-dip’ and with the economy bumping along the
bottom, inevitably there is pessimism in the air.
However, at times like this, it is
important to take a step back and focus on the areas in which we excel. For the
UK it is innovation and in particular innovation around high-tech. The UK
thrives on its culture of innovation and on the practical creativity of its
graduates and engineers.
So, looking at where the UK is
particularly adept at innovation, points us to markets of opportunity for
growth. Global opportunities which demand high skills and technical
capabilities are present within the UK’s current economy.
This
is Part 2 in a series of 4 outlining
those markets of opportunity.
Six
UK Markets of Opportunity for growth toward 2015:
- Aerospace Defence
- Transport
- Energy
- ICT
- High Value Manufacturing
- Development
Part 2
1. Aerospace Defence – The
big market nationally and globally. Security, surveillance and major all-electric
aircraft investments.
2. Transport Vehicle – All
electric vehicles, hybrids, in-car infotainment, vehicle to infrastructure
communications, high-tech F1, innovative, breakthrough, and leading edge. Push
for greener more efficient transport.
3. Energy – Green, but more importantly for test
and measurement the mandate that everything must draw less power leading to a
demand for greater precision.
4. High Value Manufacturing – Re-establishing
the UK as the home of high tech manufacturing of sophisticated product leading
to greater UK investments.
5. ICT
(Information & Communications Technology) Wireless – The home of Wireless R&D and the backbone of all
networks. Keeping up with standards and evolving technologies drives investment
plans.
6. Development –
For the UK to succeed via innovation it must be a producer of commercial
products from high tech R&D to education and start-ups.
Parts 3 to 4 will
look in greater detail at each of these markets of opportunity in the next two
weeks. Meanwhile, get your copy of
the World Electronic Industries Report & Forecast 2010-2015 by clicking on
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