Market Review
Peter Hannon, managing director, HARTING (UK) Ltd
’16 bookings performance which means they will enter 2017 in a good position. Managing director, Peter Hannon is reasonably optimistic about growth in 2017 but recognises there are some uncertainties in the market. “Uncertainty is having an impact on confidence and the timing of investment decisions,” Hannon said. “Business needs to be agile to cope with the ups and downs that look likely in 2017 and beyond until the realities of Brexit becomes clearer.”
low interest rates has meant that the whole supply network is well stocked and manufacturers have ample production capacity,” explained Dunford. “We believe that during uncertain times customers will continue to order in line with their confirmed demand. With good inventory availability and short lead times the electronic components supply network is well positioned to support the needs of its customers.”
platforms and will start to have a real impact on industry revenues by 2019.” However, Fletcher did warn that “fully autonomous vehicles are probably further away than is generally acknowledged” but predicts that the build out of the roadside infrastructure needed to enable this development in major cities and trunk routes will shortly begin. He welcomes this development as a huge opportunity for global electronics, but recognises that international standards must be agreed if the promise of fully autonomous vehicles is ever to become a reality.
This year has been a year of merger and acquisition activity in the electronic components markets and Fletcher predicts this to be ongoing into 2017 and consolidating these changes will continue to be a challenge for all parties: “But assuming there are no major macroeconomic shocks, the recovery cycle in the global electronic components markets will continue, with much stronger consistent growth likely for the rest of this decade.”
Adam Fletcher, ecsn/afdec chairman
Adam Fletcher, ecsn/afdec chairman, sees many new emerging opportunities for domestic organisations in the UK and Ireland electronic components market to carve out a strong niche. In particular, he sees the ‘connected’ vehicle as the likely global electronic components industry driver over the next five years. “The transition toward increased driver assistance is gaining huge momentum,” Fletcher said. “It will open new markets both within new and existing vehicle
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John Macmichael, managing director, Solid State Supplies
Solid State Supplies Ltd sees no slowing down amongst the design community in the UK and encouragingly, saw some of its traditional customers in the oil and gas industry come back very strongly in 2016. The company’s managing director John Macmichael, expects this to have a very positive impact on 2017 results, prompting a company sales target that exceeds ecsn’s forecast. Macmichael expects to see the impact of price increases mandated by the falling £Sterling to be largely eroded by the end of the year as the true impact of Brexit becomes clearer. “The anticipated market growth and consequent optimism is allowing Solid State to continue to expand its capital investment in value added services and to add significantly to its field sales force, all of which should allow the company to outperform the market,” said Macmichael. “To steal an over-used phrase, our outlook remains cautiously optimistic.” After a somewhat nervous 1H ’16 in the UK due to uncertainty about which way the market would go, Omron Electronics Components Europe is now seeing strong activity. The trend towards ‘on-shoring’ is continuing as once again speed to market rather than cost is the differentiator. According to Chris O’Neill, senior sales manager, North Europe, completion of new designs and product releases are maybe three to four months later than originally anticipated but are still providing the same potential. “Our ‘sensing’ product portfolio will be a major influence on expected growth and this will be supported and serviced by our distribution partners to ensure quick time to market,” said O’Neill. “Export OEMs are currently reporting strong order books and pull- forward requests are common. We’re looking to our distributors and their logistic solutions to help Omron and its customers cope with these fluctuations in supply”. HARTING (UK) Ltd has had a strong Q4
Components in Electronics
2017 is expected to be another good year for growth for TTI according to Kevin Nicholls, general manager UK, Ireland & South Africa. “Despite the volatility within the UK market TTI expects to see continuous growth in our market share, as customers and suppliers understand the benefit of a limited line stocking specialist distributor,” Nicholls said. “TTI will continue to invest in focus business sectors
Kevin Nicholls, general manager UK, Ireland & South Africa, TTI
such as defence, aerospace & space, automotive & transportation, including electric vehicles, and industrial, where the driver coming from developments in Industry 4.0.” The company has increased its dedicated specialist teams to support these activities offering real market specific expertise and a focused strategy to support customers evolving requirements. To support its expected growth TTI is expanding the European headquarters which is scheduled to be operational from the second half of next year. This follows hard on the heel of news of similar expansion in the USA, Mexico and Asia. “This development will add 18,000m2 of office and warehouse space and is in direct response to business growth significantly above the distribution sector in general,” continued Nicholls.
December 2016/January 2017 21
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