Comparing the current results to its competitors, Iec Electronics reported Revenue increase in the 3 quarter 2021 by 4.24 % year on year. The revenue growth was below Iec Electronics 's competitors' average revenue growth of 19.6 %, achieved in the same quarter.
Iec Electronics 's Comment on Competition and Industry Peers
The EMS industry is highly fragmented and characterized by intense competition.
We believe that the principal competitive factors in the EMS market include: technology
capabilities, quality and range of services, past performance, design, cost, responsiveness
and flexibility. We specialize in the custom manufacture of life-saving and mission
critical products that require complex circuit boards and system-level assemblies;
a wide array of cable and wire harness assemblies capable of withstanding extreme
environments; and precision metal components.
We are certified to serve the military and commercial aerospace sector as
well as the medical sector and we hold various accreditations. We believe we
excel where quality and reliability are of paramount importance and when low-to-medium
volume, high-mix production is the norm. We utilize state-of-the-art, automated
circuit board assembly equipment together with a full complement of high-reliability
manufacturing stress testing methods. Our customer-centric approach offers a
high degree of flexibility while simultaneously complying with rigorous quality
and on-time delivery standards.
We compete against numerous foreign and domestic companies in addition to the
internal capabilities of some of our customers. Some of our competitors include
Sparton Corporation, Benchmark Electronics, Inc., Plexus Corp. and Ducommun
Incorporated. We may face new competitors in the future as the outsourcing industry
evolves and existing or start-up companies develop capabilities similar to ours.
Overall company revenue, grew less, than total company revenues, at 4.24 % and company approximately market share, declined to 0.02 %. << More on IEC Market Share.
*Market share is calculated based on total revenue.
Viavi Solutions Inc operates as a provider of network testing, monitoring, and assurance solutions for telecommunications service providers, enterprises, and government entities. The company offers a range of products and services that help ensure the efficiency, performance, and security of network infrastructures.
TTM Technologies Inc operates as a leading global printed circuit board (PCB) and radio frequency (RF) components manufacturer. The company's business model revolves around producing high-quality PCBs and RF solutions for various industries, catering to the needs of customers worldwide.
Sigmatron International Inc operates as an electronic manufacturing services company, providing customized manufacturing solutions and services to its customers. They offer a range of services, including engineering, procurement, assembly, and testing of electronic components and products.
OSI Systems Inc is a diversified company engaged in providing security solutions, healthcare systems, and optoelectronic technologies. They generate revenue by offering services and products such as screening and inspection systems, patient monitoring systems, and fiber optic sensors. The company's business model centers around delivering innovative and reliable solutions to various sectors, ensuring safety, efficiency, and enhanced capabilities.
Sources:
Iec Electronics Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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