29 May 2023 -

ECIA: Electronic component market decline may be easing


The electronic components market is showing rallying signs according to the latest Electronic Component Sales Trends (ECST) survey from the Electronic Components Industry Association (ECIA).

The month of May looks to be brighter for sale sentiment of electronic components with the forecast for it to jump above 99, almost up to the breakeven level between declining and improving sales, according to Dale Ford, chief analyst for ECIA.

Ford said last year component sales sentiment index dropped below 100 in June 2022. If expectations in May of this year are realized, it would mark the strongest measurement since May 2022 when results of 117.6 were reported prior to the 20-point drop in June of 2022.

The sentiment index for passive components had the strongest results in April with a score of 94. In May, passive sale sentiment potentially could move further into positive territory with expectations about the 104.5 level, solidly above the 100 threshold.

Meanwhile, electromechanical components saw sale sentiment decline slightly in April but again May is expected to be an improvement of about 9 points to 98.5. Semiconductors fell below 77 in April with three of four semiconductor segments reporting a sharp decline in April. Only discretes improved on results. However, once again expectations show three of the four semiconductor subsegments improving in May. Only the MCU/MPU subcategory will have declining expectations for the month.

End-market results are encouraging with strong improvement in April and a May index outlook looking above 100. Markets expected to be above 100 in May include:

  • Automotive
  • Industrial
  • Military/aerospace
  • Medical

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more

22 Feb 2024 - General

Electronics manufacturers cautious but optimistic despite recession fears

Read more

21 Feb 2024 - General

Hidden threat: counterfeit hardware infiltrates 80% of computers

Read more

15 Feb 2024 - General

Chip rush: Global scramble for semiconductor supremacy

Read more

13 Feb 2024 - General

Foxconn faces semiconductor shortage amid ‘AI chip race’

Read more