Communication Equipment Manufacturing in the US
The Communication Equipment Manufacturing industry produces a wide range of communication equipment, including radio and TV broadcasting equipment, satellites, antennas, and GPS equipment. Since the industry is diverse, certain product segments may perform better than others. However, due to stiff internal and import competition, industry growrh has been limited over the five years to 2019. Product innovation has been a key driver contributing to rising consumer demand for new merchandise. While domestic companies are often at the forefront of progress in this industry, many have offshored less-profitable manufacturing activities to countries with lower production costs and less regulation, such as China. In addition, operators have continued to offshore manufacturing activities due to rising wage and overhead costs. Despite this trend, industry revenue has increased marginally during the current period. Over the five years to 2024, industry revenue is forecast to expand at a faster rate, bolstered by the introduction of 5G networking.
Operators in this industry primarily manufacture broadcasting and other wireless communication equipment. Examples of such equipment include antennas, set-top boxes, GPS systems, cell phones, satellite uplink technologies and radio and TV broadcasting equipment. Operators in this industry do not manufacture radio or TV sets, intercoms or equipment to test communication signals.
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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