Establishments primarily engaged in manufacturing electronic audio and video equipment for home entertainment (including automotive), such as television sets, radio broadcast receivers, tape players, phonographs, and video recorders and players. This industry also includes establishments primarily engaged in manufacturing public address systems and music distribution apparatus. Establishments primarily engaged in manufacturing phonograph records and prerecorded audio tapes are classified in Industry 3652; those manufacturing telephone answering machines are classified in Industry 3661; those manufacturing motion picture reproduction equipment are classified in Industry 3861; and those manufacturing phonograph needles and cartridges are classified in Industry 3679. Establishments primarily engaged in manufacturing separate cabinets for home electronic equipment are classified in Major Group 25.
The Household Audio and Video Equipment industry (NAICS 3651) is experiencing significant qualitative trends driven by technological innovation and consumer behavior shifts. One notable trend is the increasing integration of smart technology into audio and video equipment. Consumers are favoring products that offer seamless connectivity with other smart home devices, voice control capabilities, and intuitive user interfaces. This trend is expected to continue as more households adopt smart home ecosystems.
Another trend is the rise of streaming services and the corresponding demand for high-quality, network-ready devices. Smart TVs and sound systems that support 4K, HDR, and Dolby Atmos are becoming the standard, driven by consumers' preference for immersive home entertainment experiences. As streaming platforms compete to offer superior content, manufacturers are focusing on delivering hardware capable of providing exceptional audiovisual performance.
Sustainability and eco-consciousness are also influencing the industry. There is a growing consumer preference for energy-efficient, sustainable products. Brands that utilize eco-friendly materials and offer longer product lifecycles are gaining favor. This trend is likely to shape future product designs and marketing strategies.
Looking ahead, the market is forecast to see steady growth, with advancements in artificial intelligence and machine learning poised to further enhance the functionality and user experience of household audio and video equipment. As the consumer demand for convenience, high-quality performance, and sustainability continues to rise, industry players will need to innovate continually to remain competitive.
Amplifiers: radio, public address, or musical instrument
Audio recorders and players: automotive and household
Clock radio and telephone combinations
Clock radios
Coin-operated phonographs
Disc players, compact
Electronic kits for home assembly: radio and television receiving sets,
Home tape recorders: cassette, cartridge, and reel
Juke boxes
Loudspeakers, electrodynamic and magnetic
Microphones
Music distribution apparatus, except records or tape
Musical instrument amplifiers
Phonograph and radio combinations
Phonograph turntables
Phonographs, including coin-operated
Pickup heads, phonograph
Pillows, stereo
Public address systems
Radio and phonograph combinations
Radio receiving sets
Recording machines, music and speech: except dictation and telephone
Speaker systems
Tape players, household
Tape recorders, household
Television receiving sets
Turntables, for phonographs
Video camera-audio recorders, household
Video cassette recorders/players
Video triggers (remote control television devices)
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.