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Top 10 U.S. Electronic Components Manufacturers

Posted by IndustrySelect on Tuesday, February 9, 2021

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4 MIN. READ

Electronic components are critical to U.S. industries. In fact, average sales approached $303 billion last year, making up 1.5% of all manufacturing sales.

MNI's data on the electronic components industry can help you get a handle on this lucrative market.

Current Events

In 2021, purchasers can expect to pay more and wait longer to receive the parts they need. While buyers fear shutdowns due to the coronavirus, rising prices of copper and other metals, as well as ceramic capacitors, will also challenge supply chains.

Semiconductor shortages particularly concern the automotive industry. With the combination of a recovery in vehicle sales and production constraints, demand outstrips supply.

Additionally, vehicle manufacturers face global bottlenecks. While semiconductor producers attempt to increase capacity, they don’t expect buyers to see the effects for six to nine months.

The Vital Statistics

Currently, the electronic components industry employs 207,337 people, displaying a .65% growth over last year.

Manufacturers of electronic components also show a slight edge in diversity. Women own 3% of companies as compared to the 2% of U.S. manufacturing as a whole. They similarly lead in minority ownership with 3% versus 1%. Public ownership predominates at 11% compared to 5%.

At 58% versus 29%, the international distribution of electronic components is nearly twice as high as that for all U.S. manufacturing. Competition to obtain these products is worldwide. Just over one-fourth (26%) of companies in this industry also import raw materials, compared to the 11% of U.S. manufacturing altogether.

The geographic distribution of electronic components manufacturers is as follows:

• Midwest 24%
• South 24%
• Northeast 25%
• West 28%

Manufacturers of electronic components embrace large segments of U.S. manufacturing. Familiarity with the leaders in your sector is essential to securing the parts you need. The following listings highlight these specializations.

The Top 10 U.S. Electronic Components Manufacturers

Top CompaniesCityState Number of Employees
Northrop Grumman Aerospace International, Inc.Redondo BeachCA10,000
Northrop Grumman Corp.LinthicumMD8,000
Lockheed Martin Corp.MoorestownNJ4,500
Howard Industries, Inc.LaurelMS4,000
Raytheon Technologies Corp.AndoverMA4,000
Raytheon Technologies Corp.McKinneyTX3,000
Jabil Inc.St. PetersburgFL2,500
Raytheon Technologies Corp.RichardsonTX2,500
Southwire Co., LLCCarrolltonGA2,500
Baker Hughes Co.LufkinTX2,000

About The Top 10 U.S. Electronic Components Manufacturers

1. Northrop Grumman Aerospace International, Inc. Located near the Pacific Ocean in Redondo Beach, California, Northrop Grumman Aerospace International provides 10,000 jobs. It produces both electronic components and search and navigation equipment. The company is a leader in space, with customers like NASA, the Department of Defense, the U.S. Air Force and the U.S. Space Force.

2. Northrop Grumman Corp. Not far from the nation’s capital, at Northrop Grumman Corp. in Linthicum, Maryland, 8,000 employees work on aerospace and defense electronics. This facility serves as the headquarters for Missions Systems. It strives to provide advanced yet affordable solutions worldwide.

3. Lockheed Martin Corp. This company opened in Moorestown, New Jersey, in 1954. Originally a farm, the site went from an RCA manufacturing facility to a G.E. one. To mitigate solvents left behind by previous processing, Lockheed Martin partnered with the New Jersey Department of Environmental Protection. Today, while employing 4,500 workers, the company is at the cutting edge of groundwater mitigation.

4. Howard Industries, Inc. This facility puts 4,000 people to work in Laurel, Mississippi. In the transformer sector, the company produces medium power transformers, electrical transformers, computers and lighting products. They also deal with trucking services. Its brands include Howard Industries, Howard Technology Solutions and Howard Lighting.

5. Raytheon Technologies Corp. In Andover, Massachusetts, a staff of 4,000 assemble credit cards, fabricate metal, and work on radar testing and missile systems. Raytheon Technologies recently underwent a merger, which is not expected to affect these employees.

6. Raytheon Technologies Corp. The Raytheon Technologies plant in McKinney, Texas, deals with electronic systems. This facility employs 3,000 people. In 2020, the McKinney manufacturing site earned Texas’s first Platinum Zero Waste certification.

7. Jabil Inc. The 2,500 employees at Jabil Inc. in St. Petersburg, Florida, produce electronics for a wide array of applications, including consumer, enterprise and healthcare. NYPRO and Green Point are both Jabil brands.

8. Raytheon Technologies Corp. At Raytheon Technologies in Richardson, Texas, the staff of 2,500 teams with the University of Texas in a technologies fellowships program to produce exceptional engineers.

9. Southwire Co., LLC. In Carrollton, Georgia, Southwire addresses a niche in the renewable energy industry. The 2,500 employees produce copper and aluminum building wire for solar power products.

10. Baker Hughes Co. The 2,000-person staff at Baker Hughes Co. in Lufkin, Texas, puts its efforts into more heavy-duty products. The company deals with power transmission equipment and industrial and marine gears.

Looking to Contact Electronics Manufacturers? 

Are you looking to contact or sell to electronic components manufacturers in the U.S.? IndustrySelect provides comprehensive profiles of 460,000 industrial companies and one million executives, including thousands of electronics companies. Powered by MNI, trusted industrial data compiler since 1912,  company profiles are verfied and updated in real time by a 80-person research team. See a sample profile

To learn more about how you can use IndustrySelect to generate reliable sales leads for your company, visit our website and try out a free demo or see why sales, marketing and business development professionals love IndustrySelect

Looking for electronics suppliers? Search, source & quote suppliers for free on IndustryNet.

Article Sources:

https://www.automotivelogistics.media/news/semiconductor-shortage-will-hit-auto-industry-well-into-2021/41476.article
https://electronics-sourcing.com/2020/12/03/buyers-may-face-rising-prices-and-longer-lead-times-in-2021/
https://www.sourcengine.com/blog/2021-electronic-component-shortages
https://www.northropgrumman.com/space/
https://www.northropgrumman.com/who-we-are/business-sectors/mission-systems/
https://www.lockheedmartin.com/en-us/who-we-are/eesh/remediation/moorestown.html
https://www.andovertownsman.com/news/local_news/raytheon-merger-is-complete/article_90cc2104-59fd-556d-9d49-1745f3f75761.html
https://finance.yahoo.com/news/raytheon-facility-earns-first-true-150000908.html
https://www.mendeley.com/careers/job/university-texas-dallas-raytheon-technologies-fellowship-program-1180665

 

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