Electronics Market: Welcome News Seen Across Prices, Lead Times and Availability in November
Lytica is the world’s only provider of electronic component spend analytics and risk intelligence using real customer data. As a result of our unique position in the marketplace, we’ve been able to work with 100+ customers in analyzing over $470 billion in electronics spend. We’ve curated up-to-date insights on the state of the electronic component market and will be sharing them with you each month.
Lytica’s component basket of goods used in our analysis is comprised of 165,000 electronic components across more than 30 categories, consisting of the most popular devices used by our customers. These indices are intended to show trends in the market. Individual component and BoM analysis is offered by Lytica as a service to our customers.
November Prices Ease After Octobers Volatility
Following October’s sharp—and only second—price increase of the year, November delivered the largest price decrease of 2024, with an impressive drop of 8.29%. Year-to-date, prices are now down 18.67% overall. Of the 32 tracked commodities, 24 experienced price decreases in November, driving the overall decline. This is welcome news for buyers as we get closer to the end of the year, signalling a market correction after October’s volatility.
The biggest drivers in this pricing readout include Thermal Management (down 18.68% month-to-month following a 32.44% increase), Fiberoptic (down 11.48% month-to-month), Resistor (down 10.86% month-to-month), Standard Logic (down 10.39% month-to-month), and Capacitor (down 9.33% month-to-month).
The commodities pushing upward against this trend include Wire and Cable (up 26.57% month-to-month following a 22.29% decrease), Fastener (up 8.77% month-to-month), and Relay & I/O Module (up 5.03% month-to-month).
Lead Time Relief Seen Across all Commodities in November
After October’s dramatic 27.90% spike in lead times, November brought much-needed relief, with an overall decrease of 2.43%. While year-to-date lead times remain elevated at a 24.38% increase, there’s reason for optimism. For the first time this year, not a single tracked commodity experienced a lead time increase—greens across the board. This positive trend offers hope for further reductions in December and a brighter outlook heading into the new year.
The main contributors to this month’s decrease were RF/MW, (down 22.74% month-to-month), Clock / Timer (down 17.08% month-to-month), Frequency Control (down 13.80% month-to-month) and Connector, Optomechanical, Power Supply, and Relay & I/O Module each seeing decreases of at least 10% month-to-month in November.
For the first time in 2024 there were no commodities pushing upward against this trend. The only notable commodities would be Development, Fastener, Fiberoptic, and General Use Parts, whose lead times were unchanged in November.
Electronic Component Availability Jumps to Highest Level in November
A final highlight in November’s report is stock availability, which rose to 92%—matching the all-time high achieved in August, up from 89% in October. This marks a significant improvement and a positive trend for the market. Those components leading the way from an availability perspective in November included Development, Module, and Optomechanical (all at 100% available), and Peripheral, RF/MW, and Standard Logic (all at 99% available). Those components pushing down on that trend included Other (with no parts available), Storage (at 57% available), and General Use Parts (at 62% available).
Sign up for our newsletter for more on the electronic components market.
