Largest Electronics Producing Nations in the World
Discover which countries are leading the world in electronics production. Learn about the largest electronics producing nations and their contributions to the global market.
Electronics encompasses one of the broadest ranges of products in the modern world, from TVs, computers, music players, smartphones, tablets and watches among many others. It has been one of the most transformative industries in the world for the past 50 years.
Currently, the latest chips are made on the 5 nm fabrication process and companies like Taiwan Semiconductor Manufacturing Limited and Samsung Electronics Co., Ltd. have set up their timelines for 2 nm chips in 2025. However, experts predict that a fundamental limit would be reached in two or three upcoming iterations. Many believe quantum computing is the answer to Moore’s law ending. However, it's an ill-informed opinion since quantum computers are limited to a very narrow range of computing problems, almost all of which have no commercial potential. The trend suggests that the electronics industry will survive the end of Moore’s law and adapt to the paradigm shift.
2030 Outlook
The market for consumer electronics has been showing a long-term cooling trend and is expected to shift from growth to cycle in the near to medium term. However, according to Yang Liuqing, an analyst at CITIC, the opportunities in Augmented and Virtual Reality hardware still represent a huge potential for growth.
According to Precedence Research, the market for electronics is valued at $724.48 billion as of 2023 and is expected to reach $1.13 trillion by 2030, growing at a modest CAGR of 5.1%.
The market will experience its fastest growth in countries in the Asia-Pacific, but the largest market share will still be retained by countries in North America, per the report. Japan, South Korea and the US are some of the most advanced countries in electronics. Below, we list the most advanced countries in electronics.
Finland
Finland is known for a strong and innovative electronics industry. One of the most well-known Finnish companies in the sector is Nokia Oyj, which is a global leader in the development and production of mobile phones and other telecommunications equipment.
Other notable Finnish electronics companies include Vaisala, a provider of environmental and industrial measurement systems and Elisa, a telecommunications and digital services provider. In addition, Finland also has a strong ecosystem of R&D and academic institutions that are focused on advancing the field of electronics. For example, the Helsinki Institute for Information Technology (HIIT) is a leading research institute that conducts research on a wide range of topics related to information and communication technology.
Germany
Germany is the biggest economy in Europe. The technological products and services contribute significantly to Germany's overall wealth. In 2019, the EU leader was responsible for 6% of the global output in Knowledge-and-Technology-Intensive (KTI) industries.
Electronics is one of Germany's top tech sectors. The country has leading electronics companies, including Siemens, Bosch, and Phoenix Contact, which are involved in a wide range of activities, from the development of semiconductors and circuit boards to the production of consumer electronics and industrial automation systems. Germany is also home to a number of research institutions and universities that are actively involved in cutting-edge research in electronics, including the Technical University of Munich, the University of Karlsruhe, and the University of Stuttgart. Figures from 2021 show electronics comprised $58 billion of Germany’s total exports, expressing a YoY increase of nearly 6%. China was the biggest buyer of German electronics in the year, making up $5.4 billion worth of purchases. The fastest growing market for German electronics was the US, with exports to the country increasing by 12.7%.
China
China is one of the most advanced Asian countries in electronics. Shenzhen is considered the best Chinese city by FDI Intelligence for high quality research & development in electronics, followed by Guangzhou, Shanghai and Beijing. In fact, Shenzhen is ranked as the third best place in the world in terms of electronics-talent and infrastructure, with a very high score of 217. Some of its top electronics companies like Huawei Technologies and Xiaomi Corporation are globally competitive for their products. In 2021, China’s export of circuit components alone was worth $140 billion. In addition to native companies, China is also one of the top go-to places for companies like Apple Inc., Nvidia Corporation, Advanced Micro Devices, Inc. and Intel Corporation for the production and assembly of its products.
Japan
Japan is a global leader in technology and is one of the most advanced countries in electronics, with world-class companies like Toshiba, Sony, Panasonic and Hitachi. The country is also the largest manufacturer of industrial robots, with 45% of the robots in the world made in Japan. Japan’s electronics production value is one of the highest in the world, and grew further by nearly 11% in 2021, per Statista. Its go-to research institutes for electronics are University of Tokyo and the Tokyo Institute of Technology. Tokyo, with a very high score of 234, is considered the second best place in terms of quality of R&D in electronics by FDI Intelligence.
Taiwan
Taiwan is one of the key players in the global electronics industry and is highly advanced in the sector. Its chip manufacturer, TSMC, controls over 50% of the global chip market. TSMC is a cutting edge company planning to push Moore’s law to 2 nm by 2025. It currently manufactures 5 nm chips that are used in devices of companies like Apple. Foxconn and Quanta Computer are two other of Taiwan’s notable electronics manufacturers.
Singapore
Singapore is an island nation located in Southeast Asia. It is one of the most advanced countries in electronics, since it is one of the biggest industries in the country, contributing 8% to Singapore’s GDP. The industry also takes up 20% of the manufacturing jobs in the country, according to official government figures. It is a powerhouse when it comes to chip making, with eight out of ten fabless chip companies, 21 wafer fabrication units and two of the world’s leading three foundries located in Singapore.
South Korea
South Korea is located in Far-East-Asia. Its Seoul city has the highest score, at 288, in the FDI Intelligence report for being the best place in whole world for quality research and development in the field of electronics. It is home to Samsung, the third largest electronics company in the world after Apple Inc. and Nvidia Corporation. Samsung is also the main competitor of Apple Inc. in smartphones. Other notable South Korean companies include LG (acronym for Life’s Good) and SK Hynix. South Korea also has dedicated electronics-research organizations like Electronics and Telecommunications Research Institute (ETRI).
United States
The United States is arguably the most advanced country in electronics, due to the sheer quantity of electronics companies working in bleeding edge technologies in the country. The manufacturing industry has historically played an important role in the U.S. economy. The productivity of the different sectors in the American economy varies from state to state, however, Oregon remains one of the major producers of electronic goods. Electronics manufacturing is one of the state’s leading economic outputs. In 2021, $11.5 billion in electronic integrated circuits were exported out of Oregon.
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