The momentum for electronic components continues into March as the three major segments all surpassed the 100 point threshold equaling a sign that positive growth is happening, according to the Electronic Component Sales Trends (ECST) survey from the Electronic Components Industry Association (ECIA).
The even better news is that the ECIA forecasts that April sales sentiment for the major categories is expected to register between 117.8 and 133.3. This average of 123.7 points in April would be the highest score since February of 2022 for the ECST index.
Major sectors booming
In March, semiconductors recovered back to 100 while passive components’ score was 102.1. Beating both categories was electro-mechanical components with an index score of 118.6 in March.
This helped the March overall average to reach 106.9 points and marks the second positive sales sentiment for the second month. ECIA said that survey respondents were also very enthusiastic about the prospects for April.
Another positive development was the strong improvement among manufacturer representatives that are typically more pessimistic compared to manufacturers and distributors. In March, manufacturer representatives saw a jump in the overall index score of 23.5 points to reach 101.2. The April outlook seems to be good as well with another 19.6-point jump expected.
End market positivity
End markets marched the positive sentiment of the product segments in March as the index improved to 108.9 points. ECIA forecasts an increase in the positive momentum to 120 in April.
In the end markets, avionics/military/space, medical and industrial electronics continue to be the strong drivers with all three posting scores indicating positive sale sentiment in March. Only telecom mobile phones fell short of the 100-point threshold for the month.
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.
