The gross output of the US broadcast and wireless communications equipment industry has experienced a notable declining trend from 2013 to 2024. In 2023, the industry's gross output stood at $20.51 billion, reflecting a decrease of 3.93% from the previous year. Over the last two years, there has been a cumulative decline of 9.5%. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was -3.79%, indicating a consistent yearly contraction.
Looking into the future, the trend is expected to persist, with a forecasted five-year CAGR of -3.81%, leading to a total reduction of 17.65% in the industry's gross output by 2028. These projections suggest ongoing challenges for the industry, which may be influenced by market saturation, technological shifts, and evolving consumer preferences.
Future trends to watch for in this industry include:
- Advancements in 5G technology and its impact on the equipment market.
- The potential growth in demand for Internet of Things (IoT) devices and their communication infrastructure.
- Increasing competition from international manufacturers and the impact of global trade policies.
- Shifts towards more integrated and multifunctional communication devices reducing the demand for traditional broadcast and wireless equipment.
