DigiKey has seen a huge amount of innovation in 2023. In the past year alone, there has been a surge in new product introductions in every industry from automotive to medical, industrial automation to consumer devices, and everything in between, driving business across the board. We expect that innovation and growth to continue into 2024.
Industrial automation and automotive should continue to perform very well in the Americas and EMEA. In Europe, we’re also seeing strong demand for green technology, enabling the transition to reduce carbon footprints.
We expect wireless connectivity, smart sensors, cross architecture solutions, and rapid prototyping will all be key driving trends in the year to come. In addition, we’re keeping an eye on the market demands that are shifting as the needs for AI and machine learning technology increase, including supercomputers and AI chips.
To support the innovation growth and accelerate progress for engineers and designers, DigiKey will continue to make investments in more robust and predictive web search functionality, higher inventory levels, and increased automation in the DigiKey warehouse, which all benefit procurement professionals by providing an easy and efficient research, shopping, and delivery experience.
By offering the newest technologies and components used to build machines and devices, along with robust online tools and resources, DigiKey helps propel industries like healthcare, automotive, energy, 5G, and IoT into the future.