Fresh PCB Concepts: The Journey of a PCB—A Tale of Sustainability and Circularity
Beyond Design: Integrated Circuit to PCB Integration
The Shaughnessy Report: Silicon to Systems—The Walls Are Coming DownIPC: Electronics Manufacturers Anticipate Revenue Growth Increase of 9.5% in 2024
February 7, 2024 | IPCEstimated reading time: Less than a minute
Electronics Industry sentiment improved during January, with electronics manufacturers, on average, stating that they expect 5.2 percent revenue growth for 2023, with an increase to 9.5 percent in 2024, according to IPC’s January 2024 Global Sentiment of the Electronics Supply Chain Report.
Labor and materials costs continue to rise, with 59 percent of electronics manufacturers experiencing a rise in labor costs while 45 percent report rising material costs.
“Industry insiders appear optimistic about 2024,” said Shawn DuBravac, IPC chief economist. “Demand sentiment rose in January, driven primarily by stronger shipment data.”
Additional survey data show:
- The New Order Index rose 1 point to 102.
- The Shipment Index rose 5 points to 110.
- The Backlog Index was flat at 94.
- The Capacity Utilization Index remained steady at 106 for the third consecutive month.
- Cost measures remain at an all-time low, remaining flat for the third consecutive month.
For the report, IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain. View full report.
Share on:
Suggested Items
Smiths Detection Unveils the SDX 6040: An Advanced X-Ray Screening Solution Redefining Mobility, Imaging, and Precision Detection
09/12/2024 | BUSINESS WIRESmiths Detection, a global leader in threat detection and security screening technologies, and a business of Smiths Group plc, announces the launch of the SDX 6040 Enhanced Image Quality (EIQ), a cutting-edge screening solution designed to meet the dynamic demands of modern security environments.
KYZEN Wins Two Mexico Technology Awards for KYZEN SLV901 and KYZEN ANALYST²
09/12/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, is proud to announce that it has been awarded two prestigious 2024 Mexico Technology Awards. KYZEN received recognition in the category of Cleaning Materials for its KYZEN SLV901 and in the category of Process Control Tools for the KYZEN ANALYST².
NEOTech Is a Five Time Winner of the Mexico Technology Award for Excellence in EMS Services
09/12/2024 | NEOTechNEOTech, a leading provider of electronic manufacturing services (EMS), design engineering, and supply chain solutions in the high-tech industrial, medical device, and aerospace/defense markets, proudly announces its recognition as a 2024 Mexico Technology Award winner in the category of EMS Services > $100 Million.
Zuken Introduces Harness Builder 2025 for E3.series with Enhanced Integration and Documentation Capabilities
09/11/2024 | ZukenZuken, a global leader in electrical and electronic digital engineering solutions, is proud to unveil the 2025 version of its industry-leading Harness Builder for E3.series software.
MEK Launches New PowerSpector JSAz 550: Larger 3D Desktop AOI System with New Chassis
09/11/2024 | MEKMek (Marantz Electronics), a leader in Automated Optical Inspection (AOI) and Solder Paste Inspection (SPI) technology, proudly announces the launch of its latest product, the PowerSpector JSAz 550. This new selective 3D desktop AOI system is a larger L-size model, capable of accommodating Printed Circuit Boards (PCBs) up to 550x550mm (21.7”x21.7”).