ME597I    Product & Process Design Summer 2000 - Team A

Industry Statistics¹
SIC Code #3679

• Total Sales for all companies in with SIC Code #3679 was $23.7 Billion.
     

• Average growth in sales for the period between 1986-1996 was 5.5% per year.
      

• Average wages for 1991 were $8.99, approximately 78% of the $11.49 average of all manufacturing.
      

• Shipments per employee for 1991 were $117,596, approximately 70% of the average of all manufacturing.
       

•  Top Ten Companies (Sales in million / Employees)

  • Harris Corp., Melbourne, FL ($3,004 / 28,300)

  • ITT Defense & Electronics, Inc., Arlington, VA ($2,002 / 18,000)

  • General Instrument Corp., Chicago, IL ($1,075 / 9,200)

  • SCI Systems, Inc., Huntsville, AL ($1,045 / 9,500)

  • W. L. Gore and Associates, Newark, DE ($800, 5,600)

  • Philips Electronic North America Corp., Riviera Beach, FL ($450 / 5,500)

  • Andrew Corp., Orland Park, IL ($442 / 3,000)

  • Magnavox Electronics Systems Company, Fort Wayne, IN ($440 / 4,000)

  • ESCO Electronics Corp., St. Louis, MO ($406 / 5,000)

  • Lockheed Sanders, Inc., Nashua, NH ($400 / 5,000)

• Top 66th-75th Companies (Sales in million / Employees)

  • Heraeus Amersil, Inc., Duluth, GA ($40 / 300)

  • Elpac Electronics, Inc., Santa Anna, CA ($40 / 100)

  • Circle S Industries, Inc., Birmingham, AL ($40 / 100)

  • Amtech Corp., Dallas, TX ($40 / 300)

  • Johnson Matthey Electronics, Inc., Spokane, WA ($39 / 400)

  • Ark-Les Corp., Watertown, MA ($37 / 400)

  • Kaplan Electronics, Inc., Wayne, NJ ($36 / 500)

  • FEI Microwave, Inc., Sunnyvale, CA ($36 / 200)

  • Teledyne, Inc., Lewisburg, TN ($35 / 600)

  • KDI/Triangle Electronics, Inc., Whippany, NJ ($35 / 400)

Like most classifications, SIC #3679 is dominated by a few large companies. The top 75 companies account for $16,746 million in Sales. This is about 77% of the $21680 million in Sales by all companies in the classification based upon 1994 sales data.

In 1987, there were 2, 561 companies listed with SIC #3679. This was a decline from 3,575 reported in 1982. Indicating dominance by larger companies. However, there still appears to be plenty of opportunity for start-ups. Assuming 2,500 companies and the sales data from 1994, excluding the top 75 companies, the average sales for the smaller companies in the SIC #3679 is approximately $2 million ($4,934 million/2,500).

It is not unreasonable to assume that a start-up company with a creative idea and good management could achieve this level in 5 years.