Aerospace Defence

UK connector orders remain steady

Posted 7 August 2024

In its Q2 report for 2024, Interconnect Technologies Suppliers Association (ITSA) members have seen orders holding steady but with a high degree of variation in key markets and some sectors actually experiencing significant gains.

Image courtesy ITSA

Billings were down 3% over Q1, confirming a flat year so far.

Some market sectors showing significant growth - Communications +44%, Mass Transport +29% and Test & Measurement +29%

The Military/Aero market - which is significant to ITSA members - took a hit and was down 18%. This was reported as due to programme slippage and political uncertainty.

Value-added income performed well in Q2 for some product segments, with an increase of 39% in Fibre-Optics, RF up 48% and a 59% increase in Hybrid products.

Although ITSA continues to project only low minimal growth over the full-year, this view may clarify in the second-half, now that we have a new Labour government.

According to the latest Make UK Manufacturing Outlook Survey, 69% of companies regard the delivery of an industrial strategy as the top priority.

Download a full copy of the ITSA Report here: https://itsa.org.uk/wp-content/uploads/2024/08/ITSA-Report-Q2-2024.pdf

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