NAICS Code 423690-15 - Electronic Equipment & Supplies (Wholesale)
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NAICS Code 423690-15 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423690-15
Parent Code (less specific)
Tools
Tools commonly used in the Electronic Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.
- Oscilloscopes
- Multimeters
- Soldering stations
- Power supplies
- Logic analyzers
- Spectrum analyzers
- Function generators
- Digital signal processors
- Printed circuit board (PCB) design software
- Electronic component testing equipment
Industry Examples of Electronic Equipment & Supplies (Wholesale)
Common products and services typical of NAICS Code 423690-15, illustrating the main business activities and contributions to the market.
- Electronic connectors
- Semiconductors
- Circuit boards
- Electronic sensors
- Electronic switches
- Electronic capacitors
- Electronic resistors
- Electronic diodes
- Electronic transistors
- Electronic relays
Certifications, Compliance and Licenses for NAICS Code 423690-15 - Electronic Equipment & Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- FCC Certification: The Federal Communications Commission (FCC) certification is required for electronic equipment that emits radio frequency energy. This certification ensures that the equipment complies with FCC regulations and does not interfere with other electronic devices. The FCC provides the certification after testing the equipment.
- UL Certification: Underwriters Laboratories (UL) certification is a safety certification for electronic equipment. This certification ensures that the equipment meets safety standards and is safe to use. UL provides the certification after testing the equipment.
- Rohs Compliance: Restriction of Hazardous Substances (RoHS) compliance is required for electronic equipment that is sold in the European Union. This compliance ensures that the equipment does not contain hazardous substances such as lead, mercury, and cadmium.
- CE Marking: The CE marking is required for electronic equipment that is sold in the European Union. This marking indicates that the equipment meets safety, health, and environmental protection standards.
- ISO 9001 Certification: The International Organization for Standardization (ISO) 9001 certification is a quality management system certification. This certification ensures that the company has a quality management system in place that meets ISO standards.
History
A concise historical narrative of NAICS Code 423690-15 covering global milestones and recent developments within the United States.
- The "Electronic Equipment & Supplies (Wholesale)" industry has a long and rich history that dates back to the early 20th century. The industry started with the invention of the vacuum tube, which was used in radios and televisions. In the 1950s, the invention of the transistor revolutionized the industry, making electronic devices smaller and more affordable. The 1970s saw the introduction of the microprocessor, which led to the development of personal computers. In the 1990s, the internet boom led to a surge in demand for electronic equipment and supplies. In recent years, the industry has been driven by the growth of the Internet of Things (IoT) and the increasing demand for smart devices. In the United States, the "Electronic Equipment & Supplies (Wholesale)" industry has a more recent history. The industry started to gain momentum in the 1980s, with the introduction of personal computers and the growth of the telecommunications industry. In the 1990s, the industry experienced a boom with the rise of the internet and the dot-com bubble. The early 2000s saw a decline in the industry due to the dot-com crash, but it quickly recovered with the growth of the smartphone industry. In recent years, the industry has been driven by the increasing demand for smart devices and the growth of the IoT.
Future Outlook for Electronic Equipment & Supplies (Wholesale)
The anticipated future trajectory of the NAICS 423690-15 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Electronic Equipment & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for electronic equipment and supplies in various sectors such as healthcare, automotive, and aerospace. The rise of the Internet of Things (IoT) and the increasing adoption of automation and robotics in various industries are also expected to drive the growth of the industry. Additionally, the increasing demand for renewable energy sources and the growing trend of smart homes and buildings are expected to create new opportunities for the industry. However, the industry may face challenges such as the increasing competition from online retailers and the volatility of the global economy. Overall, the industry is expected to grow steadily in the coming years.
Industry Innovations for NAICS Code 423690-15
Recent groundbreaking advancements and milestones in the Electronic Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Home Technology: The development of smart home technology has revolutionized the electronic equipment and supplies industry. Smart home technology allows homeowners to control various aspects of their homes such as lighting, temperature, and security through their smartphones or other devices. This technology has created new opportunities for the industry and has increased the demand for electronic equipment and supplies.
- 5G Technology: The rollout of 5G technology has created new opportunities for the industry. 5G technology is expected to revolutionize the way we use electronic devices and will require new equipment and supplies to support it. This technology is expected to drive the growth of the industry in the coming years.
- Electric Vehicles: The increasing demand for electric vehicles has created new opportunities for the industry. The production of electric vehicles requires a significant amount of electronic equipment and supplies, which has increased the demand for these products.
- Artificial Intelligence: The increasing adoption of artificial intelligence in various industries has created new opportunities for the industry. Artificial intelligence requires a significant amount of electronic equipment and supplies to function, which has increased the demand for these products.
- Renewable Energy: The increasing demand for renewable energy sources has created new opportunities for the industry. The production of renewable energy requires a significant amount of electronic equipment and supplies, which has increased the demand for these products.
NAICS Code 423690-15 - Electronic Equipment & Supplies (Wholesale)
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