$2.9bn
$XXX.Xm
5,824
136
$XXX.Xm
The Telecommunications Networking Equipment Manufacturing industry produces wired telecommunication equipment, including network switches, routers, modems and gateways. This industry has experienced consistent declines in revenue despite an increasing number of broadband connections and a rising number of consumers who have acquired computers. Domestic demand for telecommunication network equipment products has waned, with imports satisfying significant demand. The industry also experienced substantial declines in revenue in 2020 because of disruptions and volatility in the global economic environment brought on by the pandemic. Revenue has plummeted, declining at a CAGR of 11.8% to $2.9 billion in 2024. This includes a decline of 5.8% in 2024, in tandem with falling profit, as the industry continues to struggle in the wake of the pandemic and a shifting technological landscape.
Industry revenue has declined at a CAGR of 11.8 % over the past five years, to reach an estimated $2.9bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Nokia Corp. | 734.5 | 20.6 | 2.8 | |
Hon Hai Precision Industry Co. Ltd | 218.8 | 13.0 | 5.9 | |
Juniper Networks B.V. | 150.2 | 20.1 | 13.4 |
To view the market share and analysis for all 16 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Ethernet switches and parts (LAN/WAN), Routers and Telephone equipment. Ethernet switches and parts (LAN/WAN) is the largest segment of the Telecommunication Networking Equipment Manufacturing in the US.
Businesses forgoing physical offices are using more mobile connections
This industry manufactures wired (voice and data) telecommunications equipment, including telephone switching systems, telephones and answering machines, data bridges, routers, modems and gateways. In addition, over the past 10 years, the industry has increasingly focused on manufacturing internet protocol-based telecommunications and networking equipment.
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NAICS 33421 - Telecommunication Networking Equipment Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Foreign competition remains the number one threat to domestic manufacturers. Rising input costs negatively impact profit, as they can’t pass all the costs onto buyers.
Learn about an industry's products and services, markets and trends in international trade.
Consumers are increasingly in need of stronger network connections. Expanding broadband networks and the prominence of working from home drive purchases for routers and modem...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
High population density leads to a need for more bandwidth. This leads to manufacturers to gravitate their establishments in the West and Mid-Atlantic.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Overseas manufacturers can undercut prices, which makes them more desirable to consumers and businesses.Low-cost imports have penetrated the domestic market, as industry produ...
Learn about the performance of the top companies in the industry.
Many large telecom companies have outsourced manufacturing overseas. This has significantly reduced the market concentration, causing increased competition.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
A strong dollar makes domestically produced goods more expensive, creating an environment where foreign goods are less expensive. Instead, prominent domestic manufacturers ha...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Manufacturers are investing heavily in research and development. The higher profit these products provide a buffer against the high-wage engineers and scientists they require...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Telecommunication Networking Equipment Manufacturing in the US industry in United States is $2.9bn in 2024.
There are 136 businesses in the Telecommunication Networking Equipment Manufacturing in the US industry in United States, which has declined at a CAGR of 5.6 % between 2019 and 2024.
The market size of the Telecommunication Networking Equipment Manufacturing in the US industry in United States has been declining at a CAGR of 11.8 % between 2019 and 2024.
Over the next five years, the Telecommunication Networking Equipment Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Telecommunication Networking Equipment Manufacturing market in United States are Nokia Corp., Hon Hai Precision Industry Co. Ltd and Juniper Networks B.V.
Wide area network (WAN) communications equipment (e.g. bridges, routers, gateways) manufacturing and Modem manufacturing are part of the Telecommunication Networking Equipment Manufacturing in the US industry.
The company holding the most market share in United States is Nokia Corp..
The level of competition is high and increasing in the Telecommunication Networking Equipment Manufacturing in the US industry in United States.