NSCA announces the release of its Electronic Systems Outlook Winter 2021 report with information based on data from the past and information for 2022 and beyond. By tracking new construction starts and renovations across multiple markets, NSCA pinpoints which verticals should do well in 2022 and years to come.
“We’re seeing an economy that should continue to improve in 2022—despite a resurgence in COVID-19,” says NSCA Executive Director Tom LeBlanc. “Integrators will be challenged, however, by the unpredictability of consumer confidence in their respective markets. But the Conference Board is seeing consumer confidence trend upward as this report is released. We recommend that integration companies use this time to emphasize backend operations and ensure profitability.”
For 2022, FMI forecast a 5% growth in engineering and construction spending levels compared to 2021. The Electronic Systems Outlook Winter 2021 edition also provides an updated view of construction data by market for electronic systems/technology, including AV, data/IT, building automation/control, life safety/fire/security, and digital signage/lighting.
During the Business & Leadership Conference on Feb. 23-25, 2022, in Irving, TX, in what has become an annual tradition, Chris Kuehl—chief economist and managing partner for a firm that provides forecasts and strategic guidance—will use the Electronic Systems Outlook Winter 2021 report to analyze long-term trends, current conditions, and the economic outlook for 2022 and beyond.
In addition, NSCA will host a free, one-hour webinar on Feb. 15, 2022, which walks integrators through the top 10 takeaways from the report’s data and how to apply this information to their own businesses.
The Electronic Systems Outlook is free for NSCA members. For more information about the Electronic Systems Outlook Winter 2021 report, to see a preview of the report, or to join NSCA, visit www.nsca.org.