Telecommunications 5G mobile subscriptions worldwide , by region. Kimberly Mlitz. Research expert covering the IT services industry. Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites.
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Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. The ideal entry-level account for individual users. Corporate solution including all features. Still, Avnet has survived other rough patches before. Very few companies have made it to their th birthday, Gallagher noted, especially in Arizona. However, Avnet mostly didn't grow up with Arizona, which gained statehood years ago next month. The company got its start as a storefront seller of radio parts and other electronics products in lower Manhattan shortly after World War I.
Two big companies emerged from that era — Avnet and Arrow Electronics, a larger corporation that remains a key competitor. Avnet incorporated in , and the company's growth, said Rogers, really ramped up during the s when visionary leaders began to made a slew of acquisitions. It still makes acquisitions — 68 from through , for instance.
In , Avnet moved west by relocating its headquarters to Phoenix under then-CEO Leon Machiz and his successor, Roy Vallee, who was a prominent Valley business leader for more than a decade.
The company's headquarters are in a facility southeast of Sky Harbor International Airport. Its largest physical presence, though, in Arizona or anywhere, is a ,square-foot warehouse in Chandler. Several factors precipitated the company's headquarters move here in favorable weather, a modest cost of living, the ability to attract talent, the presence of several other Avnet facilities in the area and proximity to Intel, Motorola and other large suppliers.
Avnet mainly serves high-volume business customers, especially those in the automotive, medical, defense and aerospace industries. Manufacturers of electronic components, he added, often don't do such a superb job with distribution. One area of growth has been the Internet of Things, which describes the increased connectivity and data sharing among all sorts of items from household appliances to factory equipment.
Avnet counts around 1, suppliers and 2. It had about 14, employees as of mid, though that was down nearly 1, from the prior year. Despite the loss of Texas Instruments and other key supplier relationships, "Avnet retains significant market share in electronic-components distribution, which we expect to continue," wrote Morningstar analyst Colello in a report last year.
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Stock Screener. Avnet number of employees from to
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