First Research US Industry Profile

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Wireless Telecommunications Equipment Manufacturing
SIC Codes: 3663
NAICS Codes: 334220
Last Quarterly Update: 6/13/2022
Companies in this industry produce radio and television broadcast and wireless communications equipment. Major companies include Apple and Cisco (both based in the US); as well as Ericsson (Sweden); Huawei, Oppo, Xiaomi, and ZTE (China); Nokia (Finland); and Samsung (South Korea).
Worldwide, wireless phone and data service subscriptions is expected to reach 5 billion by 2025, which is about three in five people globally. Mobile adoption is slowing as more markets become saturated, but developing regions still hold potential for growth. Of the 400 million new added connections between 2020 and 2025, two-thirds will come from Asia Pacific and Sub-Saharan Africa.
The US wireless telecommunications equipment manufacturing industry includes about 700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $25 billion.
The industry is part of the Telecommunications Equipment Manufacturing sector, which is covered further in a separate industry profile.
Competitive Landscape
Demand is driven by evolving networking technology that enables new applications and services. The profitability of individual companies depends on efficient operations and bringing new products to market quickly. Large companies enjoy economies of scale in purchasing raw materials, components, and manufacturing equipment. Smaller companies can compete effectively by specializing in niche products or components. The US industry is highly concentrated: the 50 largest companies account for about 90% of revenue.
Competitive Advantages:
Specialization - Smaller companies compete with industry leaders by developing equipment for new or emerging technologies. For example, the proliferation of internet-connected devices (commonly referred to as the internet of things, or IoT) is creating opportunities for startups to focus on new antenna and satellite designs.
Talented Engineers - Developing telecommunications equipment requires a wide array of technical talent, including systems designers, electrical engineers, and software programmers. Companies compete to attract experienced engineers.
Access to Capital - Companies that perform their own manufacturing and testing require large investments in equipment and facilities.
Companies to Watch:
Apple's iPhone is arguably the most influential design in the consumer wireless market.
Huawei is among the leading developers of 5G networking gear.
Samsung vies with Apple for the top spot among smartphone vendors.
Chinese consumer electronics maker Xiaomi is one of the fastest growing smartphone makers in the world.
Products, Operations & Technology
Major revenue sources include the manufacturing of communications systems which account for about 80% of the industry revenue. The company also manufactures ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

04/11/2022
01/31/2022
11/01/2021
08/02/2021
04/19/2021
02/01/2021
12/07/2020
10/26/2020
08/18/2020
05/11/2020
03/24/2020
05/27/2019
02/25/2019
11/19/2018
08/20/2018
05/21/2018
02/19/2018
11/13/2017
08/14/2017
05/08/2017
02/06/2017
10/17/2016
06/27/2016
03/28/2016
12/14/2015
09/14/2015
06/15/2015
03/09/2015
12/01/2014
09/08/2014
06/16/2014
03/24/2014
12/16/2013
09/23/2013
07/01/2013
04/08/2013
01/07/2013
10/01/2012
07/16/2012
04/23/2012