The electronics industry was established in the 20th century and has grown exponentially over the last few decades. Semiconductors form a large part of this industry and are the driving force of the entire electronics industry.
Sales of semiconductor chips have reached more than $ 500 billion globally. Their importance has been amply demonstrated during the pandemic as their shortage has affected the electronics, digital and auto industry sales.
5 Electronic Companies to shuffle the new gadget industry
The electronics industry itself is worth trillions of dollars and is one of the fastest-growing industries in the world. Constant technological advances in the industry have changed electronic products from bulky, heavy, and extremely expensive gadgets to must-have essentials of life.
In addition, innovations, mass productions and use of cheaper alternative materials have brought the costs down.
Many big behemoths have ruled the electronics industry for decades. Here we bring you a few of the leaders in the space.
Honeywell International
It is a technology and manufacturing company founded in 1906. Its headquarters is in Charlotte, NC. Honeywell offers customized solutions to the aerospace and automotive industries. The company specializes in electronic and advanced materials, turbocharger controls, sensing and security technologies for buildings and homes and more. The company reported a net income of $4.78 billion in 2020, down from $6.23 billion in 2019. It has offices in 70 countries across the world.
Revenue: $32, 637 million
Employees: 110,000
Mitsubishi Electric
Mitsubishi Electric was founded in 1921, and is a 100 years old Japanese company engaged in the production of many electronic household appliances such as air conditioners and making semiconductors, digital signage, and factory automation products. It operates in the following business segments: Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Others.
Total revenue in 2020 (in millions of dollars): 46,094
Total employees: 146,518
Pegatron Corporation
Pegatron Corporation is a Taiwanese electronics manufacturing company that mainly develops computing, communications and consumer electronics for branded vendors. It also develops, designs and manufactures computer peripherals and components.
It was only founded 13 years ago, but has become a giant, producing many electronics products such as laptops, notebooks, motherboards and hand held devices.
Revenue in dollars: 49,103
Employees: 1, 72,955
LG Electronics
LG Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of the LG Corporation, the fourth-largest chaebol in South Korea.
It was established in 1958. They manufacture home appliances, air solutions, home entertainment devices, and mobile communication and vehicle components. LG operates various subsidiaries in 80 countries.
Total revenue in 2019 (in millions of dollars): 53,464
Total employees: 74,000
LG operates various subsidiaries in 80 countries.
Whirlpool
Whirlpool manufactures and markets home appliances and is a well- known established brand in home refrigerators and freezers, home laundry appliances, room air-conditioning equipment, home dishwashers and more. It was founded in 1898. The company reported a net income of $1.08 billion in 2020, down from $1.18 billion in 2019. Whirlpool has its headquarters in Benton Harbor, Mich. It operates 13 manufacturing and technology research centers in 6 countries.
Their brands include KitchenAid, Whirlpool, Hotpoint, Bauknecht and Indesit.
Net income: $1.08 billion
Employees: 78,000
