In this article we are going to list the 15 largest electronics companies in the world. Click to skip ahead and jump to the 5 largest electronics companies in the world.
The electronics industry, especially when compared to other classic established industries such as coal, oil and gas, FMCG and various other industries, is relatively a much newer industry. The industry was only established in the 20th century and has grown exponentially over the last few decades. It is also by far one of the biggest industries in the world, with several different sectors including the semiconductor industry, which is basically the driving force of the entire electronics industry, and in 2018, had sales of over $481 billion at a global level.
The industry itself is worth trillions of dollars and is one of the fastest growing industries in the world. We do distinguish it from other similar industries such as the ecommerce industry which is slightly different and while the two are related and linked, they are not the same. To learn more about ecommerce industries, you might want to consider taking a look at the largest ecommerce companies in the world. Nowadays, even if you look around you, electronics have dominated our life like perhaps nothing else. And a lot of this has to do with the advancements in technology made in the last several decades which have literally completely changed the industry and our lives, without any exaggeration at all. While electronic products initially were bulky, heavy, unaesthetic, and extremely expensive, and hence not suitable for common purposes. The simplest of devices with specifications that would make you wonder how anything was even accomplished on them would cost thousands of dollars. A 5 MB hard disk was huge and weighed nearly a ton, taking up 16 square feet of space. The cost of using this device ran up to $35,000 annually, which is absolutely staggering. Today, 1 TB hard drives will cost you a lot less than $100. SSDs might be slightly more expensive but still not even close to the astronomical cost of days gone by. Even if we talk about televisions, you can now get a 55 inch 4k TV for a little over $500 from the biggest brands, which again is immense. If you told anyone in the 60s that you would have such incredible resolution available, they would have either laughed at you or been really, really progressive.
Smartphones are perhaps however, the best example to show the growth of the electronics industry. A handheld device now has more power than most laptops did less than a decade ago and is equipped with cameras that have completely made the digital camera industry go obsolete. And while a very small percentage of the population owned a smartphone, only perhaps the super rich, due to low costs and several options, smartphones are now the most common type of phone and have seen the establishment of a new industry and its subsequent explosion in growth when apps for phones started to be created. The biggest apps earn tens of millions of dollars in revenue. All this serves to show how intrinsically so many other industries are linked to the electronics industry and its growth, and how the growth of one sector impacts everything else as well.
Of course, like more or less every single industry in the world bar a few, the electronics industry has also been severely affected by the coronavirus pandemic. The pandemic has infected over 57 million people while causing nearly 1.4 million deaths and resulted in the lockdown of billions of people across the world, which saw many businesses shut down and some even having to close permanently. This led to many production facilities of electronic products also shutting down as the workforce across the globe has been unavailable. On the other hand, major ecommerce companies have been able to provide non-essential items including electronics, which have also seen an increase in demand as many people who are locked down resort to electronics products to while away the time while the world attempts to fight off the pandemic. Now that there are potentially successful vaccines by various pharma companies, some of which are among the biggest biotech companies in the world, maybe things will return to normal soon.
The largest electronics companies in the world are some of the most recognizable names in the world and have some of the world's most popular products. In fact, one you go through the list, look around your house; you might actually find a lot of products of these companies in your house, I know I did. Together, these companies have over $950 billion in revenue, over a trillion dollars in assets and provide direct employment to nearly 3 million people. We have used revenues, profits, assets and employees and given higher weightage to the latter two metrics, to calculate our rankings. The data has been taken by the Fortune 500 Global List for 2020 and we have only taken the electronics companies appearing there. So let's take a look at the companies providing our favorite products, without with our lives wouldn't have as much color, starting with number 15:
15. Haier Smart Home
Total revenue in 2019 (in millions of dollars): 29,060
Total profit in 2019 (in millions of dollars): 1,188
Total assets in 2019 (in millions of dollars): 26,911
Total employees: 99,757
Haier Smart Home is engaged in, as the name suggests, in the production of a wide variety of home appliances and is considered to be the most valuable IoT ecosystem brand in the world with a value of $16.3 billion.
Total revenue in 2019 (in millions of dollars): 31,179
Total profit in 2019 (in millions of dollars): -1,054
Total assets in 2019 (in millions of dollars): 31,308
Total employees: 125,648
Toshiba recently let go of its involvement in the laptops industry, but is still a company in other aspects of the electronics industry including home appliances and semiconductors.
Lucian Milasan / Shutterstock.com
13. LG Electronics
Total revenue in 2019 (in millions of dollars): 53,464
Total profit in 2019 (in millions of dollars): 27
Total assets in 2019 (in millions of dollars): 38,796
Total employees: 74,000
LG is one of two South Korean companies on this list, and operates various subsidiaries in 80 countries.
12. Gree Electric Appliances
Total revenue in 2019 (in millions of dollars): 29,024
Total profit in 2019 (in millions of dollars): 3,574
Total assets in 2019 (in millions of dollars): 40,624
Total employees: 88,846
Gree is a Chinese manufacturer of appliances and is actually the largest air conditioner manufacturer in the entire world, and has a strong presence in dozens of companies across the world.
Total revenue in 2019 (in millions of dollars): 44,207
Total profit in 2019 (in millions of dollars): 625
Total assets in 2019 (in millions of dollars): 19,033
Total employees: 172,995
Pegatron is a Taiwanese electronics giant, and was only founded 13 years ago but has become a giant, producing many electronics products such as laptops, notebooks, motherboards and hand held devices.
10. China Electronics
Total revenue in 2019 (in millions of dollars): 32,447
Total profit in 2019 (in millions of dollars): 138
Total assets in 2019 (in millions of dollars): 47,019
Total employees: 138,603
The state owned company is one of the largest telecom companies in China, engaged in both civilian and military applications.
9. Schneider Electric
Total revenue in 2019 (in millions of dollars): 30,397
Total profit in 2019 (in millions of dollars): 2,701
Total assets in 2019 (in millions of dollars): 50,511
Total employees: 135,307
Schneider Electric is one of the biggest companies in France by market cap and provides both energy as well as automaton digital solutions to households as well as industries.
8. Midea Group
Total revenue in 2019 (in millions of dollars): 40,440
Total profit in 2019 (in millions of dollars): 3,505
Total assets in 2019 (in millions of dollars): 43,349
Total employees: 134,897
Midea is a Chinese electric appliance manufacturer and has around 200 subsidiaries and 60 branches to manage its vast business.
7. Mitsubishi Electric
Total revenue in 2019 (in millions of dollars): 41,045
Total profit in 2019 (in millions of dollars): 2,040
Total assets in 2019 (in millions of dollars): 40,805
Total employees: 146,518
Mitsubishi, founded in 1870, is 150 years old and engaged in the production of many electronic household appliances such as air conditioners in addition to making semiconductors, digital signage and factory automation products.
6. Honeywell International (NYSE:HON)
Total revenue in 2019 (in millions of dollars): 36,709
Total profit in 2019 (in millions of dollars): 6,143
Total assets in 2019 (in millions of dollars): 58,679
Total employees: 113,000
Honeywell is one of the biggest players in the smart home industry and has many exciting products in what is a relatively newer industry within the already recent electronics industry. Click to continue reading and see the 5 Largest Electronics Companies in the World Disclosure: No positions. 15 Largest Electronics Companies in the World is originally published on Insider Monkey.
There are 3,915 Global Consumer Electronics Manufacturing businesses as of 2022, an increase of 0.3% from 2021.Which country is best in electronics? ›
|#||34 Countries||Million Euros|
1. Voltas. Among the leading Indian electronics manufacturing brands, Voltas Limited manufactures air conditioners and many other home electrical appliances. This brand was founded in 1954 in Mumbai.Which country is the largest producer of electronics? ›
China, Hong Kong, and the U.S. are at the front of the pack in producing electronics on a global level. Maintaining its reputation for producing inexpensive consumer goods in large quantities, China contributes heavily to the electronics sector, as this is one of the country's most prominent export categories.What is the second largest electronic company in the world? ›
Samsung, headquartered in Suwon, South Korea, is the largest tech company in Asia and the second largest electronics company in the world by revenue. This company generated total revenue of more than $244 billion in 2021.Which consumer electronics company is best? ›
- Back Market. For providing the retail backbone for electronics refurbishers. ...
- Framework. For proving that a great laptop can also be easy to repair. ...
- Tonal. ...
- Schneider Electric. ...
- Sila Nanotechnologies. ...
- The Swap Club. ...
- Analogue. ...
Top Consumer Electronics Companies in World 2022 by Revenue. The top consumer electronics companies include Apple, Samsung, Microsoft followed by Dell, Sony, Panasonic, LG etc. Here is a list of the top 10 consumer electronics companies in the world 2022.What is electronic company? ›
Definitions of electronics company. a company that makes and sells electronic instruments. type of: company. an institution created to conduct business.What is a consumer electronics company? ›
Manufacturers in the consumer electronics sector produce phones, computers and laptops, televisions, cameras, DVD players and more.What are the examples of electronic industry? ›
Common items in the electronics sector include mobile devices, televisions, and circuit boards. Industries within the electronics sector include telecommunications, networking, electronic components, industrial electronics, and consumer electronics.
3C product is the abbreviation of computer, communication and consumer electronic products, including mobile phone, personal computer, tablet computer, intelligent wearable device, digital camera, etc. 3C product covers a wide range of products, which have a series of commonness of large output, fast update.What are the key activities of the electronics industry How does it function? ›
The industry employs large numbers of electronics engineers and electronics technicians to design, develop, test, manufacture, install, and repair electrical and electronic equipment such as communication equipment, medical monitoring devices, navigational equipment, and computers.Which country is No 1 in education? ›
|Top 10 Best Countries for Education|
|1.||The United States||The United Kingdom|
|2.||The United Kingdom||The United States|
The United States of America. According to the 2020 study, the United States is the world's most powerful country (published in 2021). The United States has the largest economy in the world, with a GDP of $20.93 trillion in 2020, and the highest military spending, with $778 billion in 2020.Which country is best in technology 2022? ›
- Russia. ...
- United Kingdom. ...
- Singapore. ...
- Germany. Technological Expertise Rank: 5. ...
- United States. Technological Expertise Rank: 4. ...
- China. Technological Expertise Rank: 3. ...
- South Korea. Technological Expertise Rank: 2. ...
- Japan. Technological Expertise Rank: 1.
India doesn't have any fabs, or semiconductor fabrication plants, which manufacture chips. However, the government has looked to woo foreign chipmakers. ISMC Digital, a consortium of investors, is planning to build a $3 billion manufacturing facility in India.Which is the largest producer of electronic goods in India? ›
Solution. The Bengaluru is the largest producer of electronic goods in India.How many electronic brands are there in India? ›
Consumer Electronics & Appliances Companies in India - 309 companies | AmbitionBox.How big is the electronic industry? ›
|Characteristic||Revenue in billion U.S. dollars|
- China – 28.7% Global Manufacturing Output.
- United States – 16.8% Global Manufacturing Output.
- Japan – 7.5% Global Manufacturing Output.
- Germany – 5.3% Global Manufacturing Output.
- India – 3.1% Global Manufacturing Output.
- South Korea – 3% Global Manufacturing Output.
If the question was, where are most electronics made? Then yes, the answer is China. Indeed, a big part can be considered electronics made in China, but countries like Mexico, Taiwan, and Malaysia are also in business.Which is the top IT company in India? ›
Tata Consultancy Services (TCS) is considered to be the largest IT company in India in terms of Revenue and Captial.What is the most powerful tech company? ›
- Apple (AAPL)
- Microsoft (MSFT)
- Alphabet (GOOG/GOOGL)
- Amazon (AMZN)
- Tesla (TSLA)
- Meta Platforms (META)
Amazon.com is leading the Consumer Electronics e-commerce market in the U.S., with e-commerce net sales of US$42,598 million in 2021 generated in the U.S., followed by apple.com with US$25,862 million. Third place is taken by bestbuy.com with a revenue of US$13,719 million.Is Consumer Electronics a competitive market? ›
Therefore, it can be said that the consumer electronics industry is an instance of monopolistically competitive market as the products can be differentiated physically. Also, firms in this industry tend to differentiate their goods by promotional techniques or by distinctive packaging.Who is Best Buy's competitor? ›
Best Buy competitors include Costco, Alibaba Group Holding Limited, Amazon, Target and Walmart. Best Buy ranks 3rd in Employee Net Promoter Score on Comparably vs its competitors.Who is the father of electronic? ›
Michael Faraday: Father of Electronics.Why is electronic industry important? ›
Answer : Electronic Industry is an important industry that covers a wide range of products including TV, Telephones, cellular Telecom, Computers, etc. 1. This industry has boosted employment.What are electronic devices? ›
Definition. Electronic devices are components for controlling the flow of electrical currents for the purpose of information processing and system control. Prominent examples include transistors and diodes. Electronic devices are usually small and can be grouped together into packages called integrated circuits.Why are most electronics black? ›
By far the most common reason suggested is that black in particular is used to help manage and diffuse the natural heat generated by the componentry. While we all know from school science experiments that black soaks up rather than reflects heat, it therefore acts as a good heat sponge.
Industrial electronics generally refers to the use of electronics for power and control systems, outside of the field of communications.Who leads the consumer electronics industry? ›
2. Who leads the consumer electronics industry? Answer: The dominant players in the industry are large companies such as Samsung Group, LG Electronics Inc., Sony Corp., Panasonic, Koninklijke Philips N.V. are few of the key players in the market.What is the difference of electrical and electronic? ›
The term Electrical deals with the flow of electrical power or charge, whereas electronics deals with the flow of electrons. There is only a minute difference between electrical and electronics, and both of them more or less deal with electricity.What is electronic value chain? ›
The Electronics Industry Value Chain includes Product and Service Development, Procurement, Supply, and Manufacturing, and Marketing, Sales, and Service. What are the Key Competitive Advantages in Electronics Industry?Is the electronics industry growing? ›
The consumer electronics market size has been growing over the past few years. From 2018 to 2022, its annual growth rate averaged 7.65%.What is 3C full form? ›
3C stands for 3 Continent Programme. Amity is a pioneer in developing and initiating 3C programmes in India. In this program, st. Page 1.What is 3C in Taiwan? ›
3C, an abbreviation often used in Taiwan for "computer, communication, and consumer electronics"What is 3 C's? ›
This method has you focusing your analysis on the 3C's or strategic triangle: the customers, the competitors and the corporation. By analyzing these three elements, you will be able to find the key success factor (KSF) and create a viable marketing strategy.What is the impact of electronics in industry and society? ›
Advances in the field of electronics have also played a key role in the development of space technology and satellite communications; inaugurated a revolution in the computer industry that led to the introduction of the personal computer; resulted in the introduction of computer-guided robots in factories; produced ...What are the applications of electronics in industry? ›
The core areas of Industrial Electronics can be segmented into Power Electronics, Factory Automation, Mechatronics, Intelligent Systems and emerging technologies that include a gamut of Internet based applications.
Electronics engineers for industrial engineering install and repair electrical operational, production and processing systems as well as power supply systems and communications and lighting technology. They are responsible for their servicing and modernization.Which country is the largest producer of electronics? ›
China, Hong Kong, and the U.S. are at the front of the pack in producing electronics on a global level. Maintaining its reputation for producing inexpensive consumer goods in large quantities, China contributes heavily to the electronics sector, as this is one of the country's most prominent export categories.Which electronic brand is the best? ›
- Samsung. Digital IQ: 146. ...
- Apple. Digital IQ: 141. ...
- Sony. Digital IQ: 137. ...
- Bose. Digital IQ: 134. ...
- LG. Digital IQ: 133. ...
- GoPro. Digital IQ: 129. ...
- Dell. Digital IQ: 127. ...
- Fitbit. Digital IQ: 125.
Thomas Edison established the Edison General Electric Company in 1890 to bring all of his various electrical interests under one name.Which is the best company for electrical engineering? ›
These highly-rated companies include Larsen & Toubro with an employee rating of 3.7 out of 5, Reliance Industries rated 3.9 out of 5, Tata Consultancy Services with a rating of 3.9 out of 5, Schneider Electric with a 4.2 out of 5, and ABB rated 4.0 out of 5 by employees, and more.What is the second largest electronic company in the world? ›
Samsung, headquartered in Suwon, South Korea, is the largest tech company in Asia and the second largest electronics company in the world by revenue. This company generated total revenue of more than $244 billion in 2021.What is the biggest consumer electronics company? ›
Apple is one of the most popular brands globally, ranking number one among other consumer electronics companies on the Forbes list with sales of 378.7 billion U.S. dollars as of 2022. The second-largest company by sales on this list was Samsung Electronics, with over 244 billion U.S. dollars in sales the same year.What are the types of electronic industry? ›
Common items in the electronics sector include mobile devices, televisions, and circuit boards. Industries within the electronics sector include telecommunications, networking, electronic components, industrial electronics, and consumer electronics.Who is the biggest electronics retailer? ›
Amazon.com is leading the Consumer Electronics e-commerce market in the U.S., with e-commerce net sales of US$42,598 million in 2021 generated in the U.S., followed by apple.com with US$25,862 million. Third place is taken by bestbuy.com with a revenue of US$13,719 million.Which is the largest producer of electronic goods in India? ›
Solution. The Bengaluru is the largest producer of electronic goods in India.
a company that makes and sells electronic instruments. type of: company. an institution created to conduct business.What are the 5 oldest companies in the world? ›
- Consolidated Edison.
- Tuttle Farm.
- Kongo Gumi.
- L.L.Bean (1912) llbean.com / 108 years old. ...
- D.G. Yuengling & Son (1829) ...
- Carhartt (1889) ...
- Filson (1897) ...
- John Deere (1837) ...
- The 'Big Three' Boots (Red Wing, 1905 / Wolverine, 1883 / Chippewa, 1901) ...
- Laird & Company (1780) ...
- Schott (1913)
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Here are some top countries offering Electrical Engineering degrees:
- The United States.
- The United Kingdom.
- Bajaj Electrical Ltd.
- Wipro Lighting Corporate.
- Tata Electric Company.
- Adani Power Ltd.
- Schnider Electric.