This briefing examines how the hi-tech goods industry performs globally and in the largest countries in terms of hi-tech goods output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
Countries are seeking to benefit from technological progress and are increasingly turning to production of the highest value-added items, such as electronic components. Countries’ governments, via direct subsidies, tax reliefs, infrastructure investment and other incentives, are trying to attract significant investment for component manufacturing.
Political tensions are rising around the world and the hi-tech goods industry is becoming one of the weapons. Large-scale Chinese government subsidies for the domestic semiconductor industry and Chinese companies’ global M&A strategies are particularly raising concerns for Western countries, which must answer with similar programmes.
Asia Pacific is further strengthening its position in the global hi-tech goods industry. By 2025, three quarters of hi-tech goods turnover will be generated in the region. China’s investment in semiconductor manufacturing, giving competition to Western companies, is set to be the primary driver of the growing regional dominance of Asia Pacific.
Transformations in the technology field remain the core disruptors in the global competitive landscape. New technologies in fields such as IoT, AI, robotics, electric vehicles, battery systems, renewable energy, automation and digitisation are becoming the main focus points of investors’ attention, due to exponential growth possibilities.
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