Country Report - USA

Country Report - USA
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2019 saw electronics output decline by an estimated 1.0% down on the prior year’s growth of 2.9%. In 2019, a 1.7% increase in the production of electronics equipment was offset by an 8.8% decline in component output, the downturn in the global semiconductor market the main contributing factor although both the passive and other components segments posted falls. Computer and peripheral equipment accounted for 8.1% of total electronics output in 2019, production valued at US$19.7 billion down from a peak of US$93.9 billion in 1999. In 2019, production increased by 0.7% and compared to the prior year’s decline of 3.6%. Although some output maybe re-shored as a result of the US-China trade dispute for many products the requirement for low-cost manufacturing remains essential with companies looking at alternative locations in Asia and Mexico to serve the US market. Production is forecast to increase by 2.0% in 2020, growth in storage and peripherals offsetting a decline in complete systems. The communications industry, consisting of fixed and wireless communications equipment, radar including warfare systems, and broadcast equipment, accounted for 36% of total production in 2019, with around 7.1% of communications output related to telecommunications equipment. After increasing by 3.0% in 2018, growth in the communications sector grew by a further 3.0% in 2019 and is forecast to ease to 1.7% in 2020. Although COVID-19 is expected to reduce demand for many products, especially those used in commercial aviation, it is expected that this will offset as companies invest in ensuring the required infrastructure is in place to support technologies needed in areas such as home working. The US is a major manufacturer of control and instrumentation, medical and industrial products. The production of medical electronics equipment saw a modest increase of 1.0% in 2018 with growth edging up to 1.4% in 2019 and is forecast to increase by 2.0% in 2020. Demand for products required to support the fight against the pandemic will be offset by softness in demand for equipment used for non-essential procedures. In contrast, the growth in the control and instrumentation segment which had already eased from 5.2% in 2018 to only 0.5% in 2019 on the back of the slowdown in global demand is forecast decline by 4.5% as the fall-out from the spread of the pandemic leads to significantly lower investment across multiple industries. Components accounted for 23.7% of US production in 2019 and declined by 8.8% compared to the prior year as the global semiconductor market moved into negative territory and prices for passive components normalised. Growth is forecast at 2.6% in 2020 led by demand for selected products within the semiconductor and passive component markets.

Table of Contents

Economic Overview
Industry Structure
Production Data 2017-2020
Market Data 2017-2023
Methodologies/Guide to Statistics

Product Coverage

Computing
Office Equipment
Control & Instrumentation
Medical & Industrial
Radio Communications
Telecommunications
Consumer
Semiconductors
Passive Components
Other Components

The US Electronics Industry Report provides essential market intelligence for all sizes of company from small enterprises to major global groups and for financial/management consultancies, government agencies and academia requiring a reliable overview of the electronics industry in the US.

Last Update: August 2020

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