Number of Other Electronic Component Manufacturing Businesses in the US (2000–2023)
As of 2023
2,952
other electronic component manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The other electronic component manufacturing industry has declined 39.5% since 2000 (from 4,878 to 2,952 firms).
- •The peak year was 2000 with 4,878 firms.
- •Recent trend (last 5 years): the industry is shrinking (-4.7%).
- •Employment: 281,943 workers in 2023 (-50.2% change since 2000).
- •Estimated 5-year survival rate: 73%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 2,952 | 3,486 | 281,943 | 5.3% | 6.0% | +4.0% |
| 2022 | 2,984 | 3,469 | 268,597 | 4.9% | 6.5% | +5.4% |
| 2021 | 3,018 | 3,483 | 252,724 | 5.5% | 5.7% | -3.7% |
| 2020 | 3,020 | 3,478 | 261,593 | 5.1% | 7.4% | -0.7% |
| 2019 | 3,099 | 3,567 | 264,955 | 4.9% | 6.5% | +3.2% |
| 2018 | 3,180 | 3,625 | 257,650 | 4.6% | 6.1% | +0.4% |
| 2017 | 3,284 | 3,730 | 256,407 | 4.9% | 6.9% | -2.7% |
| 2016 | 3,325 | 3,758 | 263,042 | 4.6% | 5.7% | -1.4% |
| 2015 | 3,346 | 3,783 | 257,913 | 4.8% | 6.7% | -1.7% |
| 2014 | 3,418 | 3,864 | 270,061 | 5.0% | 6.7% | -0.7% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.