Major Group SIC 5065 - Electronic Parts And Equipment, Not E...

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SIC 5065 - Electronic Parts And Equipment, Not Elsewhere Classified

SIC 50 - Wholesale Trade-durable Goods
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- SIC 506 - Electrical Goods
  SIC 501 - Motor Vehicles And Motor Vehicle Parts And Supplies SIC 502 - Furniture And Home Furnishings SIC 503 - Lumber And Other Construction Materials SIC 504 - Professional And Commercial Equipment And Supplies SIC 505 - Metals And Minerals, Except Petroleum SIC 506 - Electrical Goods SIC 507 - Hardware, And Plumbing And Heating Equipment And Supplies SIC 508 - Machinery, Equipment, And Supplies SIC 509 - Miscellaneous Durable Goods
  - SIC 5065 - Electronic Parts And Equipment, Not Elsewhere Classified
    SIC 5063 - Electrical Apparatus And Equipment, Wiring Supplies, And Construction Materials SIC 5064 - Electrical Appliances, Television And Radio Sets SIC 5065 - Electronic Parts And Equipment, Not Elsewhere Classified

Establishments primarily engaged in the wholesale distribution of electronic parts and electronic communications equipment, not elsewhere classified, such as telephone and telegraphic equipment; radio and television broadcasting and communications equipment; and intercommunications equipment. Establishments primarily engaged in the wholesale distribution of radio and television receiving sets, phonographs, and other household sound or video equipment are classified in Industry 5064.

Industry trends:

The electronic parts and equipment industry, categorized under NAICS 5065, is experiencing significant transformations fueled by advancements in technology and changing consumer preferences. One of the latest qualitative trends is the increased emphasis on connectivity and smart technologies. As the Internet of Things (IoT) continues to proliferate, demand for components that support smart devices, such as sensors, microcontrollers, and communication modules, is rising markedly.

Another notable trend is the shift towards more sustainable and energy-efficient components. Regulatory pressures and growing environmental consciousness are compelling manufacturers to innovate in areas like energy harvesting, low-power electronics, and eco-friendly materials. Companies are investing more in R&D to create parts that consume less energy and have a reduced environmental footprint.

The supply chain disruptions caused by global events have also led businesses to reevaluate their vendor and sourcing strategies. There's a noticeable trend towards regionalization and diversification of supply chains to mitigate risks. This is driving the demand for more agile and flexible manufacturing processes.

Looking ahead, forecasts suggest that the integration of artificial intelligence and machine learning will further influence the industry, enhancing the functionality and efficiency of electronic components. Additionally, the rollout of 5G technology is expected to create new opportunities and markets for advanced electronic parts that can handle higher speeds and data volumes.

As the industry evolves, staying abreast of these trends and aligning business strategies accordingly will be crucial for companies aiming to maintain a competitive edge in the electronic parts and equipment market.

This industry is comprised of:

Amateur radio communications equipment-wholesale

Capacitors, electronic-wholesale

Cassettes, recording-wholesale

Cathode ray picture tubes-wholesale

Citizens'band radios-wholesale

Coils, electronic-wholesale

Communications equipment, except household-wholesale

Condensers, electronic-wholesale

Connectors, electronic-wholesale

Diodes-wholesale

Diskettes-wholesale

Electronic parts-wholesale

Electronic tubes: receiving, transmitting, and industrial-wholesale

Intercommunications equipment, electronic-wholesale

Magnetic recording tape-wholesale

Modems-wholesale

Public address equipment-wholesale

Radio parts and accessories-wholesale

Rectifiers, electronic-wholesale

Resistors, electronic-wholesale

Semiconductor devices-wholesale

Tapes, audio and video recording-wholesale

Telegraph equipment-wholesale

Telephone equipment-wholesale

Television receiving and transmitting tubes-wholesale

Transformers, electronic-wholesale

Transistors-wholesale

Transmitters-wholesale

Explore related industries:

SIC 3663 - Radio And Television Broadcasting And Communications Equipment SIC 5731 - Radio, Television, And Consumer Electronics Stores SIC 7629 - Electrical And Electronic Repair Shops, Not Elsewhere Classified

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