Communications Equipment Manufacturing in Canada - Market Research Report (2013-2028)
New York, United States
Last Updated: August 2023
NAICS 33422CARevenue
$2.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
5,848
Businesses
167
Wages
$XXX.Xm
Communications Equipment Manufacturing in Canada industry analysis
The Communications Equipment Manufacturing industry in Canada has suffered from volatile downstream demand. The domestic industry manufactures radio and TV broadcasting equipment and wireless communications equipment, such as cellphones. A slightly appreciating Canadian dollar, combined with high import penetration and the proliferation of smartphones, a strong competitor to the industry's products, prevented the industry from experiencing revenue growth. Subsequently, industry revenue has decreased at a CAGR of 0.8% to $2.3 billion over the five years to 2023, including an estimated 1.0% rise in 2023 alone.Despite overall contracting revenue, the industry's average profit margin has increased slightly as the value of imports has declined over the five years to 2023. Industry operators have continuously been outsourcing their low-skilled manufacturing activities to countries that pay their workers lower wages, therefore moving facilities out of Canada and slightly increasing the profit margin.While revenue is still expected to decline moving forward, due to continued offshoring efforts and continuously high import penetration, it will be at a slower rate. Quality innovation, stimulated by increasing demand from downstream wireless telecommunication carriers, is expected to contribute to this tempered decline. Overall, revenue is forecast to decline at a CAGR of 0.4% to $2.2 billion over the five years to 2028.
Trends and Insights
- Imports force domestic manufacturers to produce high-end products. However, the inability to compete with low-priced imports has forced manufacturers to change their pricing strategy.
- Content creators and subscription services threaten markets. These act as replacements to traditional radio and TV broadcasts and require significantly less equipment to be distributed.
- Proximity to downstream markets provides opportunities. Manufacturing facilities seek to produce communications equipment for the lowest transportation costs.
- Imports of communication equipment are strong and unlikely to endure major losses as most manufacturers have fully or partially offshored operations to lower production costs.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $2.3bn in 2023.
Trends and Insights
Unsteady demand amid technological developments
- Despite technological change encouraging higher sales of communication equipment, economic uncertainty from the pandemic has negatively affected the industry over the five years to 2023.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Imports remain a threat
- Imports are a significant part of the industry, accounting for more than 90.0% of domestic demand.
Biggest companies in the Communications Equipment Manufacturing in Canada
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Belden Inc. | 110.1 | N/A | N/A | |
BlackBerry Limited | 29.8 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Communications Equipment Manufacturing in Canada
Products & Services
Industry revenue is measured across several distinct product and services lines, including Radio station equipment, Wireless networking equipment and Other communications systems and equipment, including GPS. Radio station equipment is the largest segment of the Communications Equipment Manufacturing in Canada.
Trends and Insights
Radio station equipment
- Radio station equipment is expected to account for 44.6% of industry revenue in 2023.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Telecommunications Networking Equipment Manufacturing in Canada
- Wire & Cable Manufacturing in Canada
Complementors
- Computer Manufacturing in Canada
- Semiconductor & Other Electronic Component Manufacturing in Canada
- Navigational Instrument Manufacturing in Canada
International industries
- Communication Equipment Manufacturing in the US
- Electronic Access Control System Manufacturing in the US
- Communication Equipment Manufacturing in Australia
- Communication Equipment Manufacturing in the UK
- Switching Equipment Manufacturing in China
Table of Contents
About this industry
Industry definition
Operators in this industry primarily manufacture radio and TV broadcasting equipment, as well as other wireless communications equipment, such as antennas, set top boxes, GPS systems, cell phones, satellite uplink technologies and broadcasting equipment. This industry does not include the manufacturing of intercommunications equipment or household audio and video equipment.
What's included in this industry?
Transmitting-and-receiving antennas manufacturingCable TV transmission and receiving equipment manufacturingBroadcast equipment (including studio) for radio and TV manufacturingCellular telephones manufacturingPagers manufacturingGlobal positioning system (GPS) equipment manufacturingClosed circuit TV equipment manufacturingSpace satellite communications equipment manufacturingCompanies
Belden Inc.BlackBerry LimitedPurchase this report to view all 2 major companies in this industry.
Related Terms
SECOND-GENERATION (2G)THIRD-GENERATION (3G)FOURTH-GENERATION (4G)GLOBAL SYSTEM FOR MOBILE COMMUNICATIONS (GSM)LONG TERM EVOLUTION (LTE)TIME DIVISION MULTIPLE ACCESS (TDMA)MOBILE INTERNETMOBILE RESOURCE MANAGEMENT (MRM)Industry Code
NAICS 334220 - Communications Equipment Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Imports force domestic manufacturers to produce high-end products. However, the inability to compete with low-priced imports has forced manufacturers to change their pricing ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Content creators and subscription services threaten markets. These act as replacements to traditional radio and TV broadcasts and require significantly less equipment to be d...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to downstream markets provides opportunities. Manufacturing facilities seek to produce communications equipment for the lowest transportation costs.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each province in 2023
- Number and share of revenue each province accounts for in 2023
- Number and share of wages each province accounts for in 2023
- Number and share of employees in each province in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Imports of communication equipment are strong and unlikely to endure major losses as most manufacturers have fully or partially offshored operations to lower production costs....
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Companies must comply with Canadian Environmental Protection Act (CEPA) standards. Eliminating harmful chemicals and materials from production will be crucial moving forward.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Belden Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of BlackBerry Limited's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Belden Inc., and factors influencing its performance in the industry
- Description and key data for BlackBerry Limited, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Industry capital intensity is relatively low. Capital expenditures in this industry have fluctuated over the five years to 2023 as companies have exited the industry due to i...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit is volatile due to increasing threats from imports. Lower-priced products from abroad are forcing domestic manufacturers to lower prices as well, selling some hardware...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Assets (2016-2021)
- Liabilities (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Communications Equipment Manufacturing industry in Canada in 2024?
The market size of the Communications Equipment Manufacturing industry in Canada is $2.3bn in 2024.
How many businesses are there in the Communications Equipment Manufacturing in Canada industry in 2023?
There are 167 businesses in the Communications Equipment Manufacturing industry in Canada, which has declined at a CAGR of 1.6 % between 2018 and 2023.
Has the Communications Equipment Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Communications Equipment Manufacturing industry in Canada has been declining at a CAGR of 0.8 % between 2018 and 2023.
What is the forecast growth of the Communications Equipment Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Communications Equipment Manufacturing industry in Canada is expected to decline.
What are the biggest companies in the Communications Equipment Manufacturing market in Canada?
The biggest companies operating in the Communications Equipment Manufacturing market in Canada are Belden Inc. and BlackBerry Limited
What does the Communications Equipment Manufacturing in Canada include?
Transmitting-and-receiving antennas manufacturing and Cable TV transmission and receiving equipment manufacturing are part of the Communications Equipment Manufacturing industry.
Which companies have the highest market share in the Communications Equipment Manufacturing in Canada?
The company holding the most market share in Canada is Belden Inc..
How competitive is the Communications Equipment Manufacturing industry in Canada?
The level of competition is high and increasing in the Communications Equipment Manufacturing industry in Canada.
