April 2024 – Industry Update

April 2024 – Industry Update

Key Insights

  1. Market Conditions
    • Global design activities increased by 1% month-over-month and 17% year-over-year.
    • Global sourcing activities decreased by 12% month-over-month and 19% year-over-year.
  2. Regional Performance
    • Americas: Design activities remained flat, while sourcing activities saw the smallest decrease.
    • EMEA: Notable growth in design activities for passive components, sensors, and circuit protection devices.
    • APAC: Significant growth in design activities for embedded processors, sensors, memory, and circuit protection devices.

Design Activity Overview

Global Design Activity Trends

Period Design Activity Index Percentage Change (M/M) Percentage Change (Y/Y)
January 2024 101 +1% +17%
February 2024 102 +1% +17%
March 2024 103 +1% +17%
April 2024 104 +1% +17%

 

Regional Design Activity Trends

Americas

Month/Year Design Activity Index
January 2021 100
January 2022 102
January 2023 104
January 2024 106

 

Product Category Activity Growth (%)
Passive Components +5%
Sensors +4%
Circuit Protection Devices +3%

 

EMEA

Month/Year Design Activity Index
January 2021 98
January 2022 101
January 2023 103
January 2024 105

 

Product Category Activity Growth (%)
Passive Components +5%
Sensors +6%
Circuit Protection Devices +4%

 

APAC

Month/Year Design Activity Index
January 2021 95
January 2022 97
January 2023 100
January 2024 103

 

Product Category Activity Growth (%)
Embedded Processors +6%
Sensors +5%
Memory +4%
Circuit Protection Devices +3%

Sourcing Activity Overview

Global Sourcing Activity Trends

Period Sourcing Activity Index Percentage Change (M/M) Percentage Change (Y/Y)
January 2024 90 -12% -19%
February 2024 88 -2% -18%
March 2024 85 -3% -20%
April 2024 84 -1% -19%

Regional Sourcing Activity Trends

 

Americas

Month/Year Sourcing Activity Index
January 2021 95
January 2022 93
January 2023 90
January 2024 87

 

Product Category Activity Growth (%)
Interconnects +5%
Passive Components +3%
Semiconductors -30%

 

EMEA

Month/Year Sourcing Activity Index
January 2021 92
January 2022 90
January 2023 88
January 2024 85

 

Product Category Activity Growth (%)
Interconnects +4%
Passive Components +2%
Circuit Protection Devices +1%

 

APAC

Month/Year Sourcing Activity Index
January 2021 94
January 2022 91
January 2023 89
January 2024 84

 

Product Category Activity Growth (%)
Connectors +10%
Capacitors +2%
Resistors +4%
Inductors +19%

Quarterly Projections

  • Design Activities: Expected to grow by 5% to 8% quarter-over-quarter, driven primarily by the Americas and APAC regions.
  • Sourcing Activities: Expected to decrease by 1% to 5% quarter-over-quarter, with declines across all regions but less severe in the Americas.

 

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