| SIC Codes: | 3651 |
| NAICS Codes: | 334310 |
Companies in this industry manufacture televisions, stereos, speakers, video players, and camcorders. Major companies include Panasonic, Sony, Pioneer, and Toshiba (Japan); Royal Philips (The Netherlands); LG Electronics and Samsung (South Korea); and Harman International and Bose (US).
Demand is driven by consumer income and the rate of product innovation. The profitability of individual companies depends on manufacturing efficiency and effective marketing and distribution. Large companies have advantages in economies of scale in manufacturing, marketing, and distribution. Small companies can compete effectively by offering specialty products or components in system solutions, such as speakers in a home theater system.
Major products include TVs, auto and home stereos, speakers, DVD/VCR players, Blu-ray players, and camcorders.
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