In its full-year report for 2023, members of the Interconnect Technology Suppliers Association (ITSA) remain optimistic, despite a tough year. Markets continue to vary markedly in performance, with sharp declines in the Communications and Mass-Transport markets.
Key statistics: –
- Order-book is down 8% against 2022
- Book to Bill remains just positive at 1:02
- Distribution now has a 54% share of total revenue.
- Some key markets showed more encouraging signs with both Mil/Aero and Test & Measurement up 17% and Medical up 12%
- Declines of -23% to -34% in Communications and Broadcast, but Data-Processing showing a 27% increase Year-on-Year
Despite the market volatility, ITSA members have met their optimistic projection of a small growth for the year-end. However, they are more cautious about 2024, anticipating a flat overall market.
Download a full copy of the ITSA Report at: https://itsa.org.uk/wp-content/uploads/2023/12/ITSA-Report-Full-Year-2023.pdf
The Interconnect Technology Suppliers Association (ITSA) is described as the only dedicated trade-industry body for interconnect technology companies operating in the UK.
If your company is active in the UK interconnect supply chain, but not yet an ITSA member, the association encourages you to contact them to find out more about the benefits of joining. An associate membership is also available for companies who are currently, or would like to become, suppliers to current members.
