In its full-year report for 2023, ITSA members remain optimistic, despite a tough year.
Markets continue to vary markedly in performance, with sharp declines in the Communications, Data-Processing, and Mass-Transport markets.
Key Stats: –
- 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 encouraging signs with Mil/Aero 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
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