Electronics is a robust, rapidly growing industry which out- performed the U.S. economy as a whole in 1996. The industry has, in fact, had an increase in factory sales each year for the last quarter century. This report confirms the strength of the industry's long-term outlook and its ability to support the national security strategy well into the 21st century. It also reviews recent trends in the industry's converging computer, telecommunications, and multimedia sectors--and predicts that a more unified electronics industry will be on the cutting edge of the future. The multifunctional high-tech products that this industry will design and produce in the coming years will revolutionize the way Americans live, work, and play. The U.S. electronics industry is poised for phenomenal growth.
ICAF Industry Studies 1997