NAICS 334419 - Other Electronic Component Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing electronic components (except electron tubes; bare printed circuit boards; semiconductors and related devices; electronic capacitors; electronic resistors; coils, transformers and other inductors; connectors; and loaded printed circuit boards).
Industry trends:
The NAICS 334419 category, encompassing other electronic component manufacturing, is witnessing several qualitative trends driven by technological advancements, market demand, and regulatory changes. One significant trend is the growing emphasis on miniaturization, where manufacturers are continuously striving to produce smaller, yet more powerful components. This is primarily driven by the increasing demand for compact consumer electronics and advanced medical devices.
Another notable trend is the rise of flexible and wearable electronics. With the Internet of Things (IoT) expanding rapidly, components that can be integrated into flexible and wearable devices are gaining traction. These components are crucial for smart textiles, health monitoring devices, and advanced consumer electronics, presenting new opportunities for innovation and market growth.
Environmental sustainability is also shaping the industry. There is a heightened focus on manufacturing processes that reduce carbon footprints and the use of conflict-free minerals. Implementing renewable energy sources and improving energy efficiency in production are becoming industry standards.
Additionally, the ongoing global semiconductor shortage is pressing companies to revamp their supply chains and increase investment in domestic manufacturing capabilities. This is anticipated to boost localized production and reduce dependency on foreign suppliers.
Forecasts for the near future suggest continued growth in demand for advanced electronic components, especially those used in 5G technology, electric vehicles, and smart home systems. Innovations in AI and machine learning are also poised to create new niches and expand the applications of electronic components, underscoring the need for continual R&D investment.
This industry is comprised of:
Computer cable sets (e.g., monitor, printer) manufacturing
Crystals and crystal assemblies, electronic, manufacturing
Filters, electronic component-type, manufacturing
Harness assemblies for electronic use manufacturing
Heads (e.g., recording, read/write) manufacturing
LCD (liquid crystal display) unit screens manufacturing
Microwave components manufacturing
Needles, phonograph and styli, manufacturing
Piezoelectric crystals manufacturing
Piezoelectric devices manufacturing
Printed circuit laminates manufacturing
Quartz crystals, electronic application, manufacturing
Rectifiers, electronic component-type (except semiconductor), manufacturing
Resonant reed devices, electronic, manufacturing
Rheostats, electronic, manufacturing
Screens for liquid crystal display (LCD) manufacturing
Solenoids for electronic applications manufacturing
Switches for electronic applications manufacturing
Transducers (except pressure) manufacturing
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.