A full end of year report for 2023, ITSA members remain optimistic

Engineering Industry News

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UK Connector Revenues will be up 4-6% for 2023 year-end, with Test & Measurement up 17% year-on-year.

Download report: https://itsa.org.uk/wp-content/uploads/2023/12/ITSA-Report-Full-Year-2023.pdf

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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Is your company active in the UK interconnect supply-chain, but not yet an ITSA member?

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For further information: https://itsa.org.uk/