NAICS 3342 - Communications Equipment Manufacturing
This industry comprises establishments primarily engaged in manufacturing wire telephone and data communications equipment. These products may be standalone or board-level components of a larger system. Examples of products made by these establishments are central office switching equipment, cordless telephones (except cellular), PBX equipment, telephones, telephone answering machines, LAN modems, multi-user modems, and other data communications equipment, such as bridges, routers, and gateways.
Industry trends:
The Communications Equipment Manufacturing industry (NAICS 3342) is witnessing several qualitative trends driven by advancements in technology and changing user demands. One significant trend is the integration of 5G technology, which has accelerated the need for advanced communication devices and infrastructure. Manufacturers are focusing on developing equipment that supports higher speeds and low latency, catering to the rising demand for improved connectivity in various sectors such as healthcare, automotive, and smart cities.
Another trend is the increasing emphasis on cybersecurity within communication equipment. As cyber threats become more sophisticated, there is a growing need for devices that incorporate robust security features. Companies are investing heavily in R&D to develop secure communication tools that can protect against data breaches and cyber-attacks.
Sustainability is also a key trend in this industry. Manufacturers are adopting eco-friendly practices and materials to reduce their environmental footprint. This includes using recyclable materials, improving energy efficiency, and minimizing electronic waste.
Looking ahead, the market is projected to continue expanding, with strong growth expected in the IoT sector. The proliferation of connected devices will drive the demand for advanced communication equipment. Additionally, the ongoing rollout of 5G networks globally is anticipated to create new opportunities and spur further innovations in the industry.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.