ITSA reports robust UK connector revenues for first half of 2023
According to the latest half-year report for 2023 from the Interconnect Technologies Suppliers Association (ITSA), UK connector revenues are up 6% year-on-year, with the Mil/Aero market strengthening at 9% up over Q1 2023.
Image courtesy ITSA
In its half-year report for 2023, ITSA members remain optimistic, despite a tough quarter for the order-book, with sharp declines in the communications, data-processing and broadcast markets.
Other key stats:-
Orders have dropped away sharply against 2022 but are up over Q1 2023
Book to Bill for the quarter was just positive at 1:02
Some other key markets also showed encouraging signs with Medical +12%, Mass Transport +9% and Test&Measurement +4% over Q1
Declines of between 20% to 40% in Communications, Data-Processing & Broadcast on Q1
Distribution is down 12% over Q1, but is still up 7% year-on-year. Despite an ever changing and volatile market situation, ITSA members remain resilient, projecting an optimistic 4-6% growth for the year-end.
ITSA originated in the early 1980s, as a specific interest group within the Electronic Components Industry Federation (ECIF), becoming the Connector Manufacturers Association (CMA), which ultimately stopped functioning around 2005. In 2008, it reformed as the British Connector Manufacturers Association (BCMA) and was relaunched in 2017 as the Interconnect Technology Suppliers Association (ITSA) to more accurately reflect the changing supply-chain activities of its members. It is the only dedicated trade-industry body for interconnect technology companies operating in the UK and has a presence on several standards bodies, including BSI committees and RoHS compliance & exemption groups, like the Öko-Institut.
To download a full copy of the ITSA Report:
https://itsa.org.uk/wp-content/uploads/2023/07/ITSA-Report-Half-Year-2023.pdf