The gross output value for the US computer terminals and other computer peripheral equipment manufacturing industry is projected to decline from $11.15 billion in 2024 to $9.93 billion by 2028. This represents an average annual decrease of approximately 2.85% over this period. In 2023, the industry's output stood at around $11.30 billion, highlighting a continuing downward trend. Year-on-year variations reflect a steady decline, emphasizing a consistent contraction over recent years.
Future trends to watch for in this industry include:
- The impact of technological advancements and digital transformation on product demand.
- Potential shifts towards more sustainable manufacturing processes and their effect on operational costs.
- Competition from global markets and the potential relocation of manufacturing hubs.
- Emerging needs for new peripherals driven by advancements in AI and IoT.