Electronics
Record sales in 2022 again despite a high-risk environment
Last update – December 2021
Sector rating

MEDIUM RISK FOR ENTERPRISES
Fragmentation
Internationalization
Capital Intensity
Profitability
Strengths & weaknesses

- Broad customer base (consumer electronics, automotive, telecommunications, industry, etc.)
- Powerful long term growth drivers (digitization of the economy)
- Technology intensive, innovative industry
- Semiconductors: concentrated, high value added, high margin product markets

- Commodity electronic components: fragmented, low barrier to entry, low margin product markets
- Saturation reached in major client industries (smartphones, computers, etc.)
- Volatility, with one major recession every four to five years on average
Sector overview
Subsectors
Key players
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Country | Role |
Sector risk |
|
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China | #1 manufacturing country |
![]() Medium risk |
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Taiwan |
#2 manufacturing country |
![]() Low risk |
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South Korea |
#3 manufacturing country |
![]() Low risk |
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Japan |
#4 manufacturing country |
![]() Medium risk |
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Singapore |
#5 manufacturing country |
![]() Medium risk |
Contact
Aurelien Duthoit
Allianz Trade
Allianz Trade