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IPC March 2018 Industry Results: Shipments up 10% YOYApril 25, 2018 | IPC
Estimated reading time: 2 minutes
IPC has released the March 2018 findings from its North American Printed Circuit Board (PCB) Statistical Program. Industry shipments and orders continued to grow at a brisk pace in March. The book-to-bill ratio retreated from its peak but remained strong at 1.13.
Total North American PCB shipments in March 2018 were up 10.4% compared to the same month last year. This year to date, shipments are 9.6% above the same period last year. Compared to the preceding month, March shipments increased 15.0%.
PCB bookings in March increased 13.8 percent year-over-year. Year-to-date order growth was 16.8% above the same period last year. Bookings in March were up 8.5% compared to the previous month.
“The North American PCB industry’s robust recovery continued in March,” said Sharon Starr, IPC’s director of market research. “Year-over-year growth has been consistently positive for sales in the last seven months and for bookings in the last 10 months. The outlook for this year is also encouraging, based on strong order growth in recent months and a book-to-bill ratio that has been above parity (1.00) for more than a year.”
The next edition of IPC’s North American PCB Market Report, containing detailed first-quarter 2018 data from IPC’s PCB Statistical Program, will be available next month. The quarterly report presents detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, growth trends by company size tiers, demand for prototypes, sales growth to military and medical markets, and other timely data. This report is available free to current participants in IPC’s PCB Statistical Program and by subscription to others. More information about this report can be found here.
Interpreting the Data
The book-to-bill ratios are calculated by dividing the value of orders booked over the past three months by the value of sales billed during the same period from companies in IPC’s survey sample. A ratio of more than 1.00 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months. A ratio of less than 1.00 indicates the reverse.
Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they reflect seasonal effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month might not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in both bookings and shipments to understand what is driving changes in the book-to-bill ratio.
IPC’s monthly PCB industry statistics are based on data provided by a representative sample of both rigid PCB and flexible circuit manufacturers selling in the USA and Canada. IPC publishes the PCB book-to-bill ratio at the end of each month. Statistics for the current month are normally available in the last week of the following month.
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 4,300 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Stockholm, Sweden; Brussels, Belgium; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.
DuPont today announced that Jon Kemp, President, DuPont Electronics & Industrial, has been named Chair of the Board of Industry Leaders of SEMI, a global industry association serving the electronics design and manufacturing supply chain.
Siemens Joins Semiconductor Education Alliance to Address Skills and Talent Shortage in Global Semiconductor Industry02/29/2024 | Siemens Digital Industries
Siemens Digital Industries Software announced today it has joined the Semiconductor Education Alliance to help build and nurture thriving communities of practice across the integrated circuit (IC) design and Electronic Design Automation (EDA) industries, from teachers and schools to universities, publishers, educational technology companies and research organizations.
With the seemingly endless ways that electronic products are worming their way into our lives, what was once “nice to own” is increasingly considered indispensable. The capabilities of these products have been driven by relentless improvements at every level of the manufacturing chain, from individual transistors (which are approaching Angstrom levels) to systems the size of buildings supporting Bitcoin mining and increasingly distributed AI products.
Registration is now open for Electrical Wire Processing Technology Expo (EWPTE) an exclusive, free-of-charge* event for the electrical wire harness, wire, coil winding and cable processing industries, to be held at Baird Center May 14-16, 2024, in Milwaukee, Wis.
Malloy Aeronautics welcomed Minister for Defence Procurement, James Cartlidge and Commander of Strategic Command, General Sir Jim Hockenhull as they announced a new government strategy to support the development and deployment of uncrewed systems to the UK Armed Forces.