Electronic Production, Inspection & Test Equipment Manufacturing

Electronic Manufacturing

The U.S. market for electronic production, inspection and test equipment is highly concentrated, with the largest 50 companies producing approximately 75% of revenue. Research and development is vital for manufacturers in this market due to the rapid pace of technological advancement, and typical investments for larger companies can exceed 15% of revenue.

Developing Equipment for Niche Markets and Reputations for High-quality and High-performance

U.S. Market Competition and Growth Forecast

U.S. companies face intense competition from foreign manufacturers from Germany, China, Malaysia, Japan, and other regions, and electronic test and measurement equipment imports account for approximately 70% of the market.  Still, domestic manufacturers continue to find success by specializing in equipment for niche markets and developing reputations for high-quality and high-performance.  Exports constitute approximately 75% of the U.S. electronic production, inspection and test equipment industry output.

Although industry sales tend to be somewhat cyclical in nature due, in part, to a reliance on government and defense spending, the market is expected to grow at a healthy compound annual rate of 3.55% between 2018 and 2023 to $28.98 billion.

Electronic Production, Inspection and Test Equipment Industry Participants

Company Sales Employees Location
Schlumberger Limited 48,580.00M 120,000 Houston, TX
Danaher Corporation 19,913.80M 71,000 Washington, DC
Northrop Grumman Systems Corporation 7,010.13M 40,000 Falls Church, VA
Agilent Technologies, Inc. 6,981.00M 21,400 Santa Clara, CA
Ametek, Inc. 4,021.96M 15,400 Berwyn, PA
Meter Readings Holding, LLC 3,990.13M 75,765 Boca Raton, FL
Hubbell Incorporated 3,359.40M 15,400 Shelton, CT
Keysight Technologies, Inc. 2,933.00M 9,600 Santa Rosa, CA
Teledyne Technologies 2,394.00M 9,800 Thousand Oaks, CA
PerkinElmer, Inc. 2,237.22M 7,700 Waltham, MA
Viavi Solutions Inc. 1,709.10M 4,900 Milpitas, CA
Teradyne, Inc. 1,647.82M 3,900 North Reading, MA
National Instruments Corporation 1,243.86M 7,084 Austin, TX
Mistras Group, Inc. 711.25M 5,700 Princeton, NJ
Flextronics Holding Usa, Inc. 686.85M 7,900 San Jose, CA
Scientific-Atlantic, LLC 639.12M 9,900 Lawrenceville, GA
Newport Corporation 605.15M 2,570 Irvine, CA
Tektronix, Inc. 579.01M 5,028 Beaverton, OR
Landis+Gyr, Inc. 539.96M 5,139 Lafayette, IN
Fluke Corporation 489.34M 4,159 Everett, WA
semiconductor-map
Hoover’s™/D&B subsidiary First Research® lists the following North American industry participants:

How Can We Help?

Whether you’re evaluating expansion into America or have an established presence, we are available to discuss your current operations and plans for strategic growth within this equipment market. With experience and expertise driving the execution of your strategy, you’ll be on the fastest track to growth and profitability.

Feincofocus case study - Alliance Technologies
Case Study Feinfocus

Repositioning an early pioneer and technology leader from Germany for sustainable, profitable growth in America.

 

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