Circuit Board & Electronic Component Manufacturing in the US
The Circuit Board and Electronic Component Manufacturing industry produces inputs that are essential in the production of electrical items in the industrial, communication and transportation sectors, among others. Over the five years to 2019, demand from downstream manufacturers has remained volatile, causing revenue to decline overall during the period. Generally, industry operators have followed their downstream customers to countries that offer more competitive labor costs, resulting in lower domestic production. The industry is highly globalized and it has increasingly shifted production to overseas plants that offer more competitive labor costs and house client industries in electronics manufacturing. Domestic manufacturers will continue to exhibit reduced domestic production over the five years to 2024. Manufacturers are projected to continue to offshore their production to compete with less expensive foreign goods and imports are expected to satisfy a growing portion of domestic demand. This is forecast to lead to a decline in the number of enterprises and employees during the outlook period.
Companies in this industry primarily manufacture electronic components (except semiconductors and related devices) such as printed circuits, circuit boards, capacitors, transformers, connectors and switches.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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