Instrumental success for UK

In-Depth

UK companies operating in the sensing and instrumentation market expect to increase their R&D spend by an average of 10 per cent

The

has released initial results from an ongoing survey being carried out among the industrial members of its 1500-strong network.

It reveals that UK companies operating in the multi-billion pound sensing and instrumentation market expect to increase their spend on research by an average of 10 per cent in the coming 12 months.

The survey also reveals that much of this money will continue to be spent on outsourcing research to third parties or partnering with them, and that the majority of these are expected to be academic institutions.

The results demonstrate that the UK sensing and instrumentation community is working to grow its share of this market and expand its role as a source for economic productivity by increasing the transfer of ideas and knowledge between academia and industry.

‘This a £25bn European market of which the UK already holds a 30 per cent share,’ said Simon Aliwell, director of the Sensors and Instrumentation KTN. ‘The key to growing this share is how well we can harness the innovative thinking of the academic community and transfer their ideas into real products and services.

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