In its final for 2022, the Interconnect Technology Suppliers Association (ITSA) members have seen a 10% overall growth in sales, despite a decline in the mil/aero and mass transport markets. However, while sales have grown, revenues and the book-to-bill ratio are flat.
Other Key Stats indicate revenues are flat comparing YTD 2022 v YTD 2021, but importantly, revenues are still at +8% over pre-pandemic levels. Book to Bill for the quarter was 1:1 but remains positive YTD. All members key markets continue to show growth, but with some notable exceptions. Distribution remains a major contributor – now well above pre-pandemic levels.
Most UK markets continue to perform well, with communications, data processing, broadcast, utilities and industrial leading the way, all with notable double-digit growth. Unfortunately, this is somewhat offset by a decline in the mil/aero and mass transport markets.
While the UK connector market continues to face considerable challenges, it remains remarkably resilient, and as 2022 continues with positive trends in most markets, it will have been an outstanding year for ITSA members.
A copy of the ITSA 2022 Report is available for download and further information from its website.