Ceramics Manufacturing

The Ceramics Manufacturing industry produces a diverse mix of products, including advanced and technical ceramics, plumbing fixtures, kitchenware, pottery products and lightweight body armor.

This industry has contended with high import competition, which has been exasperated by increases in the trade-weighted index and weakened demand from the Semiconductor and Circuit Manufacturing industry.

However, growth in housing starts and increased demand from automobile electronics manufacturing have supported revenue growth.

Over the five years to 2021, industry revenue is expected to increase at an annualized rate of 1.8% to $2.6 billion.

This includes a 6.6% decrease in revenue in 2020 caused by the COVID-19 (coronavirus), which has greatly reduced downstream demand in construction and housing markets, as well as exports.

Nevertheless, research anticipates industry revenue to rebound 4.3% in 2021 alone.

Furthermore, overall import competition is expected to remain high during the current period, with imports expected to account for 81.3% of domestic demand in 2021.

Additionally, industry profit is expected to remain steady during the current period.

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Cereal Production

Changing consumer trends and economic growth have translated into pressured demand for cereal over the five years to 2021.

Low-carb diets have grown increasingly popular, limiting the number of consumers buying cereal, while other health-conscious consumers are only interested in cereals made with healthy ingredients.

Moreover, industry revenue has been pressured as consumers have leveraged their rising disposable incomes to indulge in premium breakfast foods, such as breakfast sandwiches from restaurants.

Consumer preferences are increasingly shifting toward convenient and portable foods as free time becomes more limited, also hampering demand for industry products.

Nevertheless, cereal popularity has grown in recent years, particularly amid stay-at-home orders during the COVID-19 (coronavirus) pandemic.

Consequently, industry revenue has increased at an annualized rate of 2.2% to $11.5 billion over the five years to 2021, including an increase of 0.7% in 2021 alone.

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Chicken and Turkey Meat Production

Positive trends in demand variables and near constant demand from poultry processors have been outweighed by the price of poultry meat declining over the five years to 2021.

However, increased demand for chicken as a substitute for other meats, particularly red meat, has also helped limit revenue declines.

In addition, increasing health consciousness among US consumers has boosted consumption of white meat in general.

However, in 2015, the price of poultry meat began to decline significantly as the price of feed plummeted.

As feed is the largest input cost for meat producers, the price of feed is directly tied to the price of meat, including poultry and substitutes, such as beef and pork.

This decline has made the industry more competitive.

Industry revenue has decreased at an annualized rate of 3.4% to $29.6 billion over the five years to 2021.

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Software Publishing

Operators in the Software Publishing industry design, develop and publish software.

Industry revenue expanded rapidly over the five years to 2021, as businesses and consumers increased their investment in software, computers, smartphones and video games.

Rising private investment in computers and software stimulated demand from businesses, while higher consumer spending encouraged consumers to spend on software as well.

Moreover, new internet-based solutions and the increasing popularity of mobile devices have triggered an explosion of mobile software applications.

Industry revenue is estimated to rise at an annualized rate of 7.8% to $396.7 billion over the five years to 2021.

In 2020, the industry encountered remarkable revenue growth of 12.6%, as the COVID-19 (coronavirus) pandemic incentivized businesses to increase spending on software for remote operations and consumers increased spending on social and entertainment software offerings.

Revenue is anticipated to rise 3.3% in 2021.

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Software Testing Services

Revenue for the Software Testing Services industry has grown more quickly than that of the overall Information sector (Research

report 51) over the five years to 2020, with industry revenue rising at an annualized rate of 12.1% to $6.1 billion during the current period.

Since testing is an integral part of the development process, demand for software testing services ultimately derives from total demand for software, including traditional software packages, cloud-based solutions and mobile applications.

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Speech and Voice Recognition Software Developers

Revenue for the Speech and Voice Recognition Software Developers industry is expected to increase an annualized 12.8% to $16.6 billion over the five years to 2019.

Speech recognition software recognizes the articulated words of a speaker and converts them into a digital format.

Voice recognition can be used like a fingerprint and is aimed toward identifying the speaker, often for security purposes, using voice biometrics solutions.

Furthermore, voice recognition helps consumers with high accuracy speech recognition, natural language understanding, dialog and information management, text to speech and optical recognition.

Additionally, industry operators have benefited from the innovations in artificial intelligence, including machine learning in order to create smarter and more natural experiences.

Industry services are useful for the healthcare, automotive and mobile industries as well as an increasing number of others, the industry is expected to develop rapidly during the period.

Its growth will slow to 6.2% in 2019, while profit represents 30.6% of industry revenue during the same year.

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Tax Preparation Software Developers

Operators in the Tax Preparation Software Developers industry provide software that enables individuals and small businesses to file federal and state tax returns online, often following an automated step-by-step guide.

Due to the necessary nature of filing taxes each year, industry revenue is generally steady.

Further, operators have encountered rising demand over the five years to 2020, as more personal and business filers became comfortable using software programs.

According to the 2020 Tax Returns Study by the National Retail Federation, the share of consumers self-filing with computer software will total 37.0% this year, while more than 70.0% will file online altogether.

This has enabled the industry to outpace growth in demand for other tax-filing services.

Overall, industry revenue has risen at an annualized rate of 5.9% over the five years to 2020 to $3.3 billion, including anticipated growth of 2.5% in 2020.

The COVID-19 (coronavirus) pandemic has prompted the Internal Revenue Service to extend the deadline for personal tax filings and constrained the US economy, including lower private investment in computers and software.

This is likely to constrain industry revenue growth this year.

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Urban Planning Software

The Urban Planning Software industry provides a range of solutions for city and regional planning, including geographical information systems (GIS), site topography modeling, map analytics and building information modeling software.

Industry demand is tied to construction activity and infrastructure investments made by both private and public entities.

More broadly, urbanization and levels of both residential and nonresidential construction also dictate industry performance.

Over the five years to 2020, greater adoption of analytics and software in the urban planning space has supported strong industry growth; however, the economic recession in 2020 is anticipated to hamper industry performance.

Research

projects industry revenue to decline an annualized 0.1% to $1.8 billion over the five years to 2020, including a decline of 8.5% in 2020 alone related to COVID-19 disruptions.

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Video Conferencing Software Developers

The Video Conferencing Software Developers industry is expected to expand rapidly over the five years to 2020.

The industry’s communications tools have increasingly become indispensable to the operation and continuity of large organizations, particularly large corporations.

This trend has been encouraged by several key trends shaping the corporate landscape, including highly globalized work forces, work from home policies and flatter organizational structures.

Additionally, the functionality and accessibility of video conferencing software has greatly improved as advancements have been made in both software and hardware during the period.

This seamless functionality and greater degree of integration has popularized the unified communications as a service (UCaaS) designation for more robust, enterprise-level platforms.

Overall, the industry’s product innovation and growing indispensability is expected to drive revenue growth of an annualized 25.9% to $7.3 billion over the five years to 2020.

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Carbon Fiber and Graphene Manufacturing

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentThe capital intensity of the Carbon Fiber and Graphene Manufacturing business is low. The industry spends...

Ceramics Manufacturing

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentThere is a low degree of capital intensity for the ceramic sector. Research in 2021 indicates that...

Cereal Production

Business for Sale Industry EconomicsRevenueProjected CAGRHistoricalProjectionCAGRProfitQuick ScrollSummaryPerformanceOutlookIndustryInvestmentCereal manufacturing demands significant investment in capital, which is a high capital intensity in the...

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