Telecommunications Networking Equipment Manufacturing in Canada - Industry Market Research Report

Telecommunications Networking Equipment Manufacturing in Canada - Industry Market Research Report

Telecommunications Networking Equipment Manufacturing in Canada

The Telecommunications Networking Equipment Manufacturing industry in Canada is a mere fragment of what it was, though the industry has recently expanded. The industry's historical decay is primarily the result of competition from foreign companies that have more efficient cost structures and lower manufacturing costs alongside technological displacement of many fixed telecom products. Starting from a low point in 2013, the industry has recovered to an extent, though only slightly amid more difficult economic operating conditions like COVID-19. This recovery was founded on improving supply chains and a dependence on contract manufacturing services to spread risk while cutting costs more effectively. It is also due to product specialization of the few companies that have been able to remain competitive. Industry revenue, which includes products such as network switches and routers, has stagnated to $230.7 million through the end of 2023, including an incline of 1.6% in 2023 as profit reaches 10.9%.

Operators in this industry manufacture wired (voice and data) telecommunications equipment, including telephone switching systems, telephones, answering machines, data bridges, routers, modems and gateways. This industry has increasingly focused on manufacturing internet protocol-based telecommunications and networking equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.