15 Largest Electronics Companies in the World
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.
Golubovy/Shutterstock.com
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.
Pixabay/Public Domain
14. Toshiba
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.
Pixabay/Public Domain
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.
Pixabay/Public Domain
11. Pegatron
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.
Pixabay/Public Domain
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.
Kappri/Shutterstock.com
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.
Pixabay/Public Domain
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.
Pixabay/Public Domain
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.
Pixabay/Public Domain
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.
