5 Fastest Growing Sectors and Investment Opportunities in the US

4. Wireless Telecommunications Carriers

Compound Annual Growth Rate in Industry Output (2022-2032): 3.6%

The wireless telecommunications carriers sector ranks fourth among the fastest growing sectors in the United States. Primary industries within this sector include the cellular mobile phone industry, the paging industry, the wireless internet industry, and the wireless video services industry. 

In 2022, the sector reported an output of almost $441 billion and is expected to report an output of almost $630 billion in 2032. Prominent companies in this domain include Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T).