| SIC Codes: | 3663 |
| NAICS Codes: | 334220 |
Companies in this industry primarily make mobile phones and equipment used in radio and television broadcasting and in satellite communications. Major companies include Apple, Motorola Mobility Holdings, and QUALCOMM (all based in the US); Foxconn and HTC (both based in Taiwan); and Ericsson (Sweden).
Demand is driven by the use of wireless communications services. The profitability of individual companies depends on efficient operations and bringing new products to market quickly. Large companies enjoy economies of scale in purchasing raw materials, components, and manufacturing equipment. Smaller companies can compete effectively by specializing in niche products or components. The US industry is highly concentrated: the 50 largest companies account for about 90 percent of revenue.
Major products include cell phones, radio and television studio and broadcasting equipment, transmitting and receiving antennas, cable equipment, and GPS equipment. More than 40 percent of industry revenue comes from the sale of radio station equipment. Broadcast, studio, and related electronic equipment account for about 15 percent of industry revenue, and wireless networking equipment accounts for 5 five percent.