Computer and Electronic Product Manufacturing - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Forecasts

Computer and Electronic Product Manufacturing - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Forecasts

The 2023 Computer and Electronic Product Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027. This report includes updated forecasts due to the economic impact of COVID-19 and a potential recession.

This 39-page report is based on extensive business surveys filled out by companies in the industry. Analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

This Kentley Insights report includes historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, balance sheet benchmarks, plant utilization, BCG matrix, statistics by state, operating expense details, inventory costs, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.

Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.Industries in the Computer and Electronic Product Manufacturing subsector group companies that manufacture computers, computer peripherals, communications equipment, and similar electronic products, and companies that manufacture components for such products. The Computer and Electronic Product Manufacturing industries have been combined in the hierarchy of NAICS because of the economic significance they have attained. Their rapid growth suggests that they will become even more important to the economies of all three North American countries in the future, and in addition their manufacturing processes are fundamentally different from the manufacturing processes of other machinery and equipment. The design and use of integrated circuits and the application of highly specialized miniaturization technologies are common elements in the production technologies of the computer and electronic subsector. Convergence of technology motivates this NAICS subsector. Digitalization of sound recording, for example, causes both the medium (the compact disc) and the equipment to resemble the technologies for recording, storing, transmitting, and manipulating data. Communications technology and equipment have been converging with computer technology. When technologically-related components are in the same sector, it makes it easier to adjust the classification for future changes, without needing to redefine its basic structure. The creation of the Computer and Electronic Product Manufacturing subsector will assist in delineating new and emerging industries because the activities that will serve as the probable sources of new industries, such as computer manufacturing and communications equipment manufacturing, or computers and audio equipment are brought together. As new activities emerge, they are less likely therefore, to cross the subsector boundaries of the classification.

Below are a few of the hundreds of stats from the 2023 Computer and Electronic Product Manufacturing Market Research Report:

INDUSTRY SIZE

In 2022, industry sales were $349.3 billion
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INDUSTRY GROWTH

Over the past 3 years, the industry has grown at an annual rate of 2.4%
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COMPANY GROWTH

There are 10,706 companies in the industry
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SALES PER FACILITY

In 2022, the average sales per facility was $29.4 million
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PPI & PRICING

2022 PPI growth was 5%
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FINANCIAL RATIO BENCHMARKS

Companies average a Fixed Asset Turnover ratio of 2.5

Benchmark nine other important financial ratios

PRODUCTIVITY ANALYSIS

In 2022, employee productivity was $416,988
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EXPENSE BENCHMARKING

2.9% of expenses are spent on health insurance
Benchmark against 24 other expense categories

OPERATING EXPENSES

In 2022, industry operating expenses grew 6.4%
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PAYROLL

In 2022, payroll per employee was $95,641
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PAYROLL BY STATE

California averages $93,479 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS

10.8% of employees in the industry are in management positions
Benchmark against 13 other job categories

JOB CATEGORIZATION PAY RANGES

The average industry hourly pay for office and administrative jobs is $26.16
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories

The above highlights represent a small fraction of what you will find in this report.

Purchase the 2023 U.S. Market Research Report on Computer and Electronic Product Manufacturing now to unlock the insight from one of the most trusted research firms.