NSCA’s Electronic Systems Outlook report has been updated for Winter 2019, and includes information based upon actual data from January through November, as well as forecasted information for 2020. NSCA partners with FMI to provide this report, which offers the most up-to-date indicators of business opportunities for integrators. By tracking new construction starts and renovations across multiple markets—including healthcare, lodging, retail, education, houses of worship and more—NSCA pinpoints which verticals should do well in 2019 and beyond. Total US construction spending put in place is expected to be flat, 0-percent growth compared to 2018.
Looking ahead to 2020, FMI forecasts a 1-percent increase in spending over 2019. Despite the flat forecast, three markets are predicted to experience growth rates of 5 percent or more: lodging, corporate offices and government buildings. These are offset by three markets that are expected to have dips of up to 5 percent: residential, retail and houses of worship.
The Electronic Systems Outlook Winter 2019 edition 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.
“Construction data is a valuable indicator for the integration market. We focus on this report to provide information that will help member companies recognize where to focus their efforts,” NSCA Executive Director, Chuck Wilson, said. “It’s promising that corporate offices are expected to experience growth of at least 5%, since a majority of NSCA member companies conduct a good deal of their business in the corporate vertical.”
Healthcare, education, and manufacturing segments are likely to grow (roughly with the rate of inflation) and be considered stable.
The Electronic Systems Outlook is free for all NSCA members. It can be purchased by non-members for $600.