Application Forecasts and Market Shares

ECIA: Electronic component sales sentiment continues momentum

17 February 2023
Source: ECIA

Electronic components in the month of January beat expectations slightly from December by 2.2 points, according to new data from an Electronic Components Industry Association (ECIA) Electronic Component Sales Trends (ECST) survey.

Overall average sales sentiment jumped by 16.4 points from December’s reading as it climbed to 82.2 points. The improvement in sentiment is mostly sustained in the February outlook as the overall index only drops by 4.3 points to 77.9.

According to Dale Ford, chief analyst of the ECIA, passive components saw a dramatic jump of 21.8 points in the month of January, jumping back to 76.5 points. Semiconductor components also delivered the best overall index score in January at 85.3 — which was a 12.0-point improvement over the previous month. Electro-mechanical components registered the best sentiment index rating and a jump of 15.4 points.

However, Ford said that there is a projected dip in sales sentiment between January and February with semiconductors losing the most ground to slip back to 75.8 points. Electro-mechanical/connectors and passive component indices will also decline by only 2.4 and 1.0 points, respectively, in February.

End market index also healthy

The Overall End-Market index saw an improvement in its reported sales sentiment as it increased to 76.1 points in January. This is modestly below the component sentiment index in January, Ford said. The good news is the end-market sentiment will continue to improve in February as it grows by 2.7 points to 78.8.

Five out of eight individual end-market measures delivered a solid to strong improvement in sales sentiment in January, according to the ECIA. Looking at February, every index anticipates improvement except for Avionics/Military/Space with a score above 114.

About the ECIA ECST report

The ECST survey provides highly valuable and detailed visibility on industry expectations in the near-term through the monthly and quarterly surveys. This “immediate” perspective is helpful to participants up and down the electronics components supply chain. In the long-term, ECIA shares in the optimism for the future as the continued introduction and market adoption of exciting innovative technologies should motivate both corporate and consumer demand for next-generation products over the long term.

The complete ECIA ECST report is delivered to all ECIA members as well as others who participate in the survey. All participants in the electronics component supply chain are invited and encouraged to participate in the report so they can see the highly valuable insights provided by the ECST report.

The monthly and quarterly ECST reports present data in detailed tables and figures with multiple perspectives and covering current sales expectations, sales outlook, product cancellations, product decommits and product lead times. The data is presented at a detailed level for six major electronic component categories, six semiconductor subcategories and eight end markets. Also, survey results are segmented by aggregated responses from manufacturers, distributors and manufacturer representatives.

Interested in reading the entire ECST report? Click here for more info.

About ECIA

The ECIA is made up of the leading electronic component manufacturers, their manufacturer representatives and authorized distributors. ECIA members share a common goal of promoting and improving the business environment for the authorized sale of electronic components.

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