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 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