In its final for 2022, ITSA members have seen a 10% overall growth in sales, despite a decline in both the Mil/Aero and Mass Transport markets.
However, while sales have grown, both revenues and the book-to-bill ratio are flat.
Other Key Stats: –
Most UK markets continue to perform well with Communications, Data Processing, Broadcast, Utilities and Industrial leading the way, all with significant double-digit growth. Unfortunately, this is somewhat offset by decline in both the Mil/Aero and Mass Transport markets.
Whilst the UK connector market continues to face significant challenges, it remains remarkably resilient and as 2022 continues with positive trends in most markets, it will have been an exceptional year for ITSA members.
A copy of the ITSA 2022 Report is available for download and for further information on ITSA:
