Electronic Components Industry Enters New Year with Strong Momentum and Optimism According to ECST Survey

 ECIAs Electronic Component Sales Trend (ECST) January 2024 Survey Results

Atlanta — Results from the January 2024 ECST survey of electronic components supply chain participants delivered very encouraging results as all areas showed strong improvement in index scores for January results and anticipation of a robust continuation of the upward trend in February. The overall component index jumped by over 20 points to 98, the highest level in 21 months, almost reaching the positive growth threshold of 100.

“All three major segments achieved strong growth,” commented ECIA Chief Analyst Dale Ford. “Semiconductors delivered amazing results with a leap of nearly 39 points to top the index with 105 points. Electro-Mechanical components and Passive components both achieved double digit index score improvements in January.”

For the complete summary report, click here. Members can view the full report by logging in here.

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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 Electronic Component Sales Trends (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 return on a small investment of time is enormous!

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.

Non-members can now purchase the ECST report at https://www.ecianow.org/purchase-reports.

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