In this article, we will discuss the list of top 12 advanced countries in electronics that matter. 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.
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.
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According to Precedence Research, the market for electronics is valued at $724.48 billion as of 2021 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 12 most advanced countries in electronics.
Top 12 Advanced Countries in Electronics.
Finland is known for a strong and innovative electronics industry. One of the most well-known Finnish companies in the sector is Nokia Oyj (NYSE:NOK), 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.
11. United Kingdom
The UK is home to a thriving electronics industry. In terms of innovation in electronics, the United Kingdom is known for the company ARM Holdings, which has pioneered the ARM family of chips. Their RISC (Reduced Instruction Set Computer) architecture makes them simpler, more durable and more cost effective.
In September, 2020, Nvidia Corporation (NASDAQ:NVDA) announced its plans to acquire ARM Holdings from SoftBank Group Corp. (TOKYO:9984.T) for $40 billion. The deal was later terminated due to regulatory challenges.
As far as the UK’s electronics-R&D is concerned, its infrastructure in the country is robust. The Engineering and Physical Sciences Research Council (EPSRC) is a UK government agency that supports research in engineering and physical sciences, including electronics.
London is ranked 10th top city by FDI Intelligence for quality of research and development in electronics, with a high score of 145.