This U.S. industry comprises establishments primarily engaged in manufacturing and/or rebuilding electrical and electronic equipment for motor vehicles and internal combustion engines.
The NAICS 336322 sector, focusing on Other Motor Vehicle Electrical and Electronic Equipment Manufacturing, is experiencing significant qualitative shifts driven by advancements in automotive technology and growing consumer demand for enhanced vehicle connectivity and safety features. One of the notable trends is the rapid integration of advanced driver-assistance systems (ADAS), which necessitates sophisticated electrical and electronic components. Manufacturers are increasingly collaborating with tech firms to drive innovation in this space.
Another emerging trend is the shift towards electric and hybrid vehicles, propelling the need for high-efficiency power electronics, battery management systems, and charging infrastructure components. The movement towards sustainability and adherence to stringent emission regulations are key drivers of this trend.
Looking ahead, forecasts suggest substantial growth in the adoption of connected car technologies, such as vehicle-to-everything (V2X) communication, which will require robust electronic architectures capable of handling vast amounts of data. Additionally, the evolution of autonomous vehicles promises to revolutionize the industry, with a surge in demand for complex sensor systems, processors, and software-driven electronic control units.
In conclusion, the future of NAICS 336322 is poised for dynamic growth, supported by technological advancements and a strong push towards greener, smarter, and safer automotive solutions.
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.