Companies in this industry produce radio and television broadcast and wireless communications equipment. Major companies include Apple (US), Ericsson (Sweden), Huawei (China), Nokia (Finland), Samsung (South Korea), and ZTE (China).
Demand is driven by evolving networking technology that enables new applications and services. The profitability of individual companies depends on efficient operations and bringing new products to market quickly. Large companies enjoy economies of scale in purchasing raw materials, components, and manufacturing equipment. Smaller companies can compete effectively by specializing in niche products or components. The US industry is highly concentrated: the 50 largest companies account for about 85% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include antennas, cable television transmission equipment, cellular phones, global positioning system (GPS) equipment, radio and television broadcasting equipment, receivers and transceivers, and satellite communication equipment.