YBS sees rising demand from the automotive industry, especially as carmakers are venturing into electric and autonomous vehicles. Management sees continued strong demand from the automotive industry, with higher precision and manufacturing requirements, which allows it to fetch higher margins.
The group is also producing avionics and connector modules such as power and data transmission components for electric and autonomous vehicles. In tandem with the strong demand for precision components, YBS has recently received inquiries on different models of connector modules. On the other hand, orders from its existing aerospace and security customers to produce high-mix low-volume signal and energy connection components continue to grow.