The company, which is based in Toledo, Ohio, blamed reduced orders from auto makers, including Ford Motor, which is embroiled in a controversy over recalled tires.
Still, a declining level of new orders from automobile makers, who account for about a third of the demand for machine tools, can depress the machine tool industry.
Mike Ryan, a Honeywell executive, said his company was meeting the demand for its version of this material, known as Spectra Shield, until just last month when orders from plate makers surged.
According to The Nikkei, Murata is ready to accept orders from accessory makers for the module, which is expected to sell for around $12 per unit.
He anticipates a growing lean to IoT amid the ongoing transition to 5G, and the company expects increased orders from the makers of a variety of electrical components, including semiconductors and sensors.
Orders from computer makers slowed to a standstill, but the plants kept churning them out.
The drop results from a decrease in orders from computer makers such as Data General and Digital Equipment, which add the components to the mid-size computers that they make and sell in retail markets.
In addition to concerns about sluggish demand for electronics, falling orders from telecommunications equipment makers are hurting sales.
The company recently installed new metalworking machinery and hired a half-dozen workers to accommodate orders from domestic aircraft makers.
Machinery orders dropped 2.2percentt in January from December -- economists had predicted a 2.5percentt increase -- amid declines in orders from electrical equipment makers and chemical companies.
