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AMA Association reports industry development for Q2 2023

Our Clusterpartner the AMA Association for Sensors and Measurement (AMA) surveyed its approximately 450 members on economic development in the second quarter. According to its own figures, the industry generated a three percent drop in sales in the second quarter, compared with the previous quarter. The industry thus fell short of expectations of plus minus zero.

However, when comparing the revenue development of the second quarter of 2023 with that of the second quarter of the previous year, the revenue of the sensor industry increased by plus five percent. In terms of new orders, AMA members saw a five percent decline in the second quarter of 2023, compared to the previous quarter.

Differences in sales trends between large and smaller companies are evident, with larger companies experiencing a greater decline in sales than smaller AMA members. Sales markets in the sensor and measurement technology and electrical engineering sectors developed comparatively well. Sales markets in the energy sector and railroad technology proved more difficult in the second quarter.

"Our members explain the drop in sales in the second quarter as a result of supply shortages during the Corona pandemic. As supply availability increased, their customers have been filling supply inventories heavily and are now trying to bring them back to normal levels," explained Thomas Simmons, AMA Association executive director. "As a result, sentiment among our members remains positive, and they are already projecting a three percent increase in sales again this quarter."

Fig. 1: Sensors and Metrology: Sales and Order Situation in the 2nd Quarter (Copyright AMA Association, 2023)

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