Market Review


Understanding industry trends and the impact on product demand


CIE talks to Jeff Newell, senior vice president of products at Mouser Electronics, about the latest developments in the distribution of electronic components


CIE: Although the past few years have brought challenges, such as the pandemic and global supply chain shortages, there are still opportunities emerging across the electronics industry. What is your outlook for the industry and for Mouser?


Jeff Newell (JN): The world today relies more and more on electronic components. The industry is still looking healthy, so there


16 December/January 2024


is reason for optimism as we look towards the future. Still, we are not immune to the current challenges and there continues to be a glut of inventory out there, which has contributed to an overall softer 2023. We see this continuing into 2024. But the very nature of the way the industry operates is ultimately complementary to continued growth, as engineers and manufacturers are constantly seeking innovation. Today’s manufacturers continue to introduce


Components in Electronics


smaller, faster and more powerful semiconductors with more capabilities. As the industry’s new product leader, we make it our mission at Mouser to bring these new technologies to market for engineers and buyers.


Fortunately, the last several years have seen strong demand and growth, with Mouser’s annual revenue reaching more than $4 billion in 2022. Last year, we saw a growth of 25 per cent globally,


with the EMEA region seeing a 30 per cent increase. So far in 2023, we have experienced a growth in the size of our customer base, with a 6 per cent increase in new customers in the EMEA region. While 2023 has overall been a more modest year, we are still seeing new customers coming to the market with exciting new implementations which is important for future market growth and innovation.


www.cieonline.co.uk


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