Research explores the impact of the chip shortage on product design --
Avnet launched a new research series focused on the latest trends and market forces in the electronics industry. The inaugural Avnet Insights survey titled: “Deconstructing the chip shortage” explores the impact of the chip shortage on product design. The study examines the ways in which design engineers have been affected by the chip shortage challenge and the steps they are taking when preferred parts and procurement channels are not available
To access the full report visit here.
Key takeaways from the first survey include:
- More than three-fourths of respondents said due to shortages, access to electronic components has been a very significant challenge.
- Among those who have experienced a significant impact due to the electronic component shortage, a preponderance (93%) said they have experienced a major impact on longer lead times.
- Designers are seeking additional routes to source parts, including through spot market brokers – but they have significant concerns about counterfeit control, which could compound design and quality issues over the long-term.
- The shortages are changing the way engineers design, as 64% now say their companies are designing more based on the availability of the components rather than preference.
- And there are likely more challenges to come. Currently, three-fourths of those experiencing production delays say they have lasted up to six months – while a strong majority of overall respondents expect lead times to worsen and prices to rise in the next year and a half, implying those delays are only set to grow.
This first Avnet Insights customer survey was conducted among n=530 global engineers. Regionally, 31% of respondents were based in the Americas; 56% in EMEA; 10% in Asia and 2% in Japan. The survey was fielded online from Nov. 4 to Dec. 3, 2021 using Avnet’s global customer database.
Going forward, Avnet Insights will provide timely, objective research on trends driving electronics distribution and design, with the goal of helping customers and suppliers around the world stay ahead. The next survey will be coming out later this year.
About Avnet
As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.