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Circuit Board & Electronic Component Manufacturing in the US Industry Data and Analysis
In the competitive landscape of electronic component and circuit board manufacturing, US companies continue to face fierce foreign competition. Since the pandemic, however, many manufacturers in the industry have seen renewed demand for circuit boards and electronic components as they diversify their supply chains. The CHIPS Act of 2022, with its substantial $52 billion investment, aims to significantly enhance domestic semiconductor production, fortify fragile supply chains and drive a revival in US tech manufacturing. However, despite these substantial investments, industry growth remains limited, as many of the projects associated with these investments have yet to be fully realized. Over the past five years, circuit board and component producers have continued to grapple with escalating costs and uncertain market conditions, pressuring profit growth, though sustained demand in downstream markets has led to growth. Ultimately, industry revenue has grown at a CAGR of 1.0% through the end of 2026, reaching $61.3 billion, despite a 0.5% slip in 2026 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Circuit Board & Electronic Component Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Circuit Board & Electronic Component Manufacturing industry in the United States operates under the NAICS industry code 33441b. Companies in the Circuit Board and Electronic component Manufacturing industry primarily manufacture electronic components, except semiconductors and related devices, such as printed circuits, circuit boards, capacitors, transformers, connectors and switches. Related terms covered in the Circuit Board & Electronic Component Manufacturing industry in the United States include printed circuit board (pcb), passive electronic component, capacitor, resistor, varistor, inductor, electron tube and offshore.
What's included in this industry?
Products and services covered in Circuit Board & Electronic Component Manufacturing industry in the United States include Printed circuit assembly, Bare printed circuit boards and Electronic connectors.
What companies are included in this industry?
Companies covered in the Circuit Board & Electronic Component Manufacturing industry in the United States include Te Connectivity ltd. and Flex Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Circuit Board & Electronic Component Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Circuit Board & Electronic Component Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Circuit Board & Electronic Component Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Circuit Board & Electronic Component Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Circuit Board & Electronic Component Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Circuit Board & Electronic Component Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Circuit Board & Electronic Component Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Circuit Board & Electronic Component Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Circuit Board & Electronic Component Manufacturing industry in the United States in 2026?
The market size of the Circuit Board & Electronic Component Manufacturing industry in the United States is $61.3bn in 2026.
How many businesses are there in the Circuit Board & Electronic Component Manufacturing industry in the United States in 2026?
There are 2,442 businesses in the Circuit Board & Electronic Component Manufacturing industry in the United States, which has declined at a CAGR of 0.5 % between 2021 and 2026.
How may import tariffs affect the Circuit Board & Electronic Component Manufacturing industry in the United States?
The Circuit Board & Electronic Component Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Circuit Board & Electronic Component Manufacturing industry in the United States?
The Circuit Board & Electronic Component Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Circuit Board & Electronic Component Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Circuit Board & Electronic Component Manufacturing industry in the United States has been growing at a CAGR of 1.0 % between 2021 and 2026.
What is the forecast growth of the Circuit Board & Electronic Component Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Circuit Board & Electronic Component Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Circuit Board & Electronic Component Manufacturing industry in the United States?
The biggest companies operating in the Circuit Board & Electronic Component Manufacturing industry in the United States are Te Connectivity ltd. and Flex Ltd.
What does the Circuit Board & Electronic Component Manufacturing industry in the United States include?
Tubes and LCD screen manufacturing and Printed circuit boards and PCB assemblies manufacturing are part of the Circuit Board & Electronic Component Manufacturing industry in the United States.
Which companies have the highest market share in the Circuit Board & Electronic Component Manufacturing industry in the United States?
The company holding the most market share in the Circuit Board & Electronic Component Manufacturing industry in the United States is Te Connectivity ltd..
How competitive is the Circuit Board & Electronic Component Manufacturing industry in the United States?
The level of competition is high and steady in the Circuit Board & Electronic Component Manufacturing industry in the United States.
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