Industry Analysis & Industry Trends
The Circuit Board and Electronic Component Manufacturing industry produces inputs that are essential in the downstream production of consumer electronics. As a result, demand for industry products is often tied to production levels and demand from downstream industries. Although the economic recovery has improved demand for consumer electronics in the five years to 2016, revenue growth has been mild due to rising import competition and greater offshoring activity. Similar trends are expected in the five years to 2021, as manufacturers continue to relocate abroad and a strong dollar encourages greater import volumes. Although demand for industry products will remain strong, manufacturers are expected to lower their prices to remain competitive against foreign producers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Circuit Board and Electronic Component Manufacturing industry is in the decline phase of its life cycle. Industry value added (IVA), which measures an industry's contribution to the US economy, is projected to decline at an annualized 3.1% in the 10 years to 2021. By contrast, US GDP is forecast to grow at an annualized 2.2% during the same 10-year period. Industries with lower IVA growth rates compared with GDP indicate a declining status.
Following a trend that has characterized a number of manufacturing industries in technology and electronics, the industry has experienced large-scale offshoring and production relocation to facilities throughout East, South and Southeast Asia... purchase to read more