Top 10 Electronics Companies in 2024

Companies	Employees	HQ location	Revenue	Website	Industry
Samsung Electronics	View 53,769 employees	🇰🇷 South Korea, Seoul, Seocho-gu	$ >1000M	samsung.com	Consumer Electronics, Hardware, Commerce and Shopping, Mobile
Costco	View 50,103 employees	🇺🇸 United States, Washington, Seattle	$ >1000M	costco.com	Commerce and Shopping, Consumer Electronics, Hardware
Panasonic ITS	View 5,816 employees	🇮🇳 India, Maharashtra, Thane	$ 500-1000M	panasonic.com	Hardware, Consumer Electronics
General Motors	View 90,717 employees	🇺🇸 United States, Michigan, Detroit	$ >1000M	gm.com	Transportation, Energy, Manufacturing, Consumer Electronics, Hardware, Sustainability
Schneider Electric	View 85,576 employees	🇫🇷 France, Île-de-France, Rueil Malmaison	$ 500-1000M	se.com	Energy, Hardware, Consumer Electronics, Professional Services
Midea Group	View 955 employees	🇺🇸 United States, New Jersey, Parsippany	$ 500-1000M	midea.com	Consumer Electronics, Consumer Goods, Hardware, Manufacturing, Food and Beverage
Mitsubishi Electric	View 5,818 employees	🇯🇵 Japan, Tokyo, Chiyoda City	$ >1000M	mitsubishielectric.com	Consumer Electronics, Hardware, Manufacturing, Transportation
Hitachi	View 7,529 employees	🇯🇵 Japan, Tokyo, Tokyo	$ 500-1000M	hitachi.com	Hardware, Consumer Electronics, Manufacturing
Nidec Corporation	View 1,683 employees	🇧🇪 Belgium, Hainaut, Charleroi	$ 500-1000M	nidec.com	Hardware, Consumer Electronics, Community and Lifestyle, Manufacturing
Jabil	View 34,310 employees	🇺🇸 United States, Florida, St Petersburg	$ >1000M	jabil.com	Manufacturing, Consumer Electronics, Hardware

1. Samsung Electronics

Samsung Electronics is a global powerhouse in the electronics industry, renowned for its innovative consumer electronics, semiconductors, and home appliances. From cutting-edge smartphones like the Galaxy series to advanced TV technology and home automation products, Samsung leads the market with its commitment to innovation and quality. The company’s semiconductor division is also a crucial supplier in the global technology supply chain, providing key components for a myriad of electronic devices. Samsung’s dedication to breaking new ground in technology and design ensures that it remains at the forefront of the electronics sector.

Location 🇰🇷 South Korea, Seoul, Seocho-gu	Size View 53,769 employees
Revenue $ >1000M	Industries Consumer Electronics, Hardware, Commerce and Shopping, Mobile
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2. Costco

Costco is a renowned global retailer known for its bulk wholesale model and diverse product offerings, including a comprehensive range of electronics. The company’s electronics division features the latest gadgets at competitive prices, making it a preferred destination for savvy shoppers looking to upgrade their tech. From cutting-edge televisions and sound systems to the newest smartphones and laptops, Costco ensures affordability and quality across its electronics segment, catering to both individual consumers and businesses seeking value-driven purchases, all backed by excellent customer service and a straightforward returns policy.

Location 🇺🇸 United States, Washington, Seattle	Size View 50,103 employees
Revenue $ >1000M	Industries Commerce and Shopping, Consumer Electronics, Hardware
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3. Panasonic ITS

Panasonic Intelligent Transport Systems (ITS), a sector within the renowned electronics giant Panasonic, specializes in cutting-edge transport solutions. Utilizing a wealth of experience in electronics, Panasonic ITS develops systems that enhance the safety, efficiency, and connectivity of transportation networks. Their products range from in-vehicle infotainment systems to advanced driver-assistance solutions, helping to modernize public and private transport infrastructures worldwide. Panasonic ITS plays a pivotal role in transforming how we travel by integrating smart technologies into everyday commuting solutions, aiming to create a smoother and more sustainable future for roadways globally.

Location 🇮🇳 India, Maharashtra, Thane	Size View 5,816 employees
Revenue $ 500-1000M	Industries Hardware, Consumer Electronics
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4. General Motors

General Motors, a storied leader in the automotive industry, has significantly advanced its footprint in the electronics sector, focusing on next-generation vehicle technologies. With an emphasis on electric vehicles and autonomous driving, GM integrates cutting-edge electronic systems that enhance vehicle safety, efficiency, and connectivity. Their innovative approach not only powers smarter vehicles but also aligns with global sustainability goals, setting new standards for automotive electronics. GM’s dedication to pushing technological boundaries transforms how the world envisions and utilizes transport, ensuring they remain at the forefront of industry evolution.

Location 🇺🇸 United States, Michigan, Detroit	Size View 90,717 employees
Revenue $ >1000M	Industries Transportation, Energy, Manufacturing, Consumer Electronics, Hardware, Sustainability
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5. Schneider Electric

Schneider Electric is a global leader in the digital transformation of energy management and automation, specializing in the electronics industry. The company’s innovative solutions, which include state-of-the-art software and IoT-enabled products, aim to enhance energy efficiency and sustainability. By integrating cutting-edge technology with robust data analytics, Schneider Electric empowers businesses to optimize their operations and energy usage in real-time, leading to improved performance and reduced environmental impact. Their commitment to innovation and sustainability has positioned them as a pivotal player in advancing smart and green practices worldwide.

Location 🇫🇷 France, Île-de-France, Rueil Malmaison	Size View 85,576 employees
Revenue $ 500-1000M	Industries Energy, Hardware, Consumer Electronics, Professional Services
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6. Midea Group

Midea Group is a prominent player in the electronics industry, renowned for its comprehensive range of consumer appliances and air conditioning systems. As a global enterprise, Midea focuses on smart technology and innovation to enhance user comfort and efficiency in households and businesses worldwide. With a strong commitment to quality and sustainability, Midea’s products—including refrigerators, washers, and various small appliances—are designed to integrate seamlessly into the modern lifestyle, ensuring convenience and energy efficiency. This dedication has positioned Midea as a leader in the electronics sector, continually expanding its reach and impact through strategic global partnerships and technological advancements.

Location 🇺🇸 United States, New Jersey, Parsippany	Size View 955 employees
Revenue $ 500-1000M	Industries Consumer Electronics, Consumer Goods, Hardware, Manufacturing, Food and Beverage
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7. Mitsubishi Electric

Mitsubishi Electric is a prominent player in the electronics industry, renowned for its wide range of products that include electrical and electronic equipment from home appliances to space systems. The company leverages cutting-edge technology to deliver solutions that enhance energy efficiency, comfort, and sustainability. Mitsubishi Electric’s commitment to innovation is evident in its groundbreaking developments in areas such as air conditioning systems, automotive equipment, and building systems. With a strong focus on quality and environmental stewardship, Mitsubishi Electric continues to shape the future of electronics, providing superior products that meet the evolving needs of businesses and consumers alike.

Location 🇯🇵 Japan, Tokyo, Chiyoda City	Size View 5,818 employees
Revenue $ >1000M	Industries Consumer Electronics, Hardware, Manufacturing, Transportation
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8. Hitachi

Hitachi is a prominent player in the electronics industry, known for its diverse range of products that span from consumer electronics to advanced industrial equipment. As a leader in technology innovation, Hitachi develops solutions that uphold sustainability and efficiency, addressing challenges across sectors such as energy, transportation, and urban development. The company’s commitment to R&D has positioned it as a critical force in shaping next-generation technologies, helping businesses globally to optimize operations and foster growth through high-quality electronic systems and smart technologies. Hitachi’s approach integrates reliability with visionary thinking to advance both societal and infrastructural progress effectively.

Location 🇯🇵 Japan, Tokyo, Tokyo	Size View 7,529 employees
Revenue $ 500-1000M	Industries Hardware, Consumer Electronics, Manufacturing
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9. Nidec Corporation

Nidec Corporation is a prominent player in the global electronics industry, renowned for its comprehensive range of electric motors and related components. With innovation at its core, Nidec is dedicated to improving energy efficiency and advancing motor technology across various applications, including automotive, industrial, and consumer electronics. The company’s leadership in precision engineering and commitment to sustainability drive its efforts in developing motors that are not only powerful but also environmentally friendly, ensuring they meet the evolving needs of a dynamic market.

Location 🇧🇪 Belgium, Hainaut, Charleroi	Size View 1,683 employees
Revenue $ 500-1000M	Industries Hardware, Consumer Electronics, Community and Lifestyle, Manufacturing
	View Similar Companies

10. Jabil

Jabil is a prominent player in the electronics manufacturing services industry, providing comprehensive design, manufacturing, supply chain, and product management services. Renowned for its expertise in helping technology companies bring complex products to market, Jabil supports a variety of sectors including healthcare, automotive, and consumer electronics. By integrating innovative technologies and processes, such as additive manufacturing and IoT solutions, Jabil not only enhances operational efficiency but also accelerates the time-to-market for its clients’ products, reinforcing its role as a critical enabler in the global electronics landscape.

Location 🇺🇸 United States, Florida, St Petersburg	Size View 34,310 employees
Revenue $ >1000M	Industries Manufacturing, Consumer Electronics, Hardware
	View Similar Companies

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Things to Consider When Prospecting into Electronics Companies

Common Pain Points and Challenges for Companies in Electronics

Supply Chain Volatility

The electronics industry often faces disruptions in supply chains, which can affect everything from component availability to production timelines.

Dependency on a few key suppliers.
Risks associated with geopolitical tensions or trade disputes.
Impact of natural disasters on supply logistics.

Sales Insight: Building more resilient relationships with multiple suppliers can mitigate these risks. Offering transparent communication to your clients about potential delays or challenges helps in maintaining trust. Additionally, understanding the specifics of these supply chain issues allows you to plan better and offer reliable solutions to your clients.

Rapid Technological Obsolescence

In the electronics industry, products can become obsolete rapidly as new technologies and advancements emerge.

High costs of research and development.
Need to continuously update product lines.
Difficulty in predicting market-ready technologies.

Sales Insight: Embrace continual learning and innovation as part of your sales strategy. By staying informed about the latest technological trends and being agile in adapting your offerings, you can position yourself as a forward-thinking partner for your clients.

Compliance and Regulatory Changes

Frequent changes in regulations concerning electronics, such as environmental standards and international trade policies, can create hurdles in design, production, and distribution.

Constant need to stay updated with compliance requirements.
Possible redesigning of products to meet new standards.
Potential delays and increased costs.

Sales Insight: Leverage your up-to-date knowledge of these regulations to your advantage. Demonstrating your expertise in navigating these complex areas can build credibility and trust with prospects, distinguishing your approach from competitors.

Price Sensitivity among Consumers

Electronics consumers are becoming increasingly price-sensitive, often seeking the best value for money, which pressures margins.

Intense competition leading to price wars.
Consumer expectations for frequent sales or discounts.
The challenge of maintaining profitability.

Sales Insight: Focus on creating strong value propositions that emphasize not just the cost but the long-term benefits and superior performance of your offerings. Educate your clients about how investing more upfront can save them money in the long run. Understanding and explaining the total cost of ownership can often shift the conversation from price to value.

Environmental Concerns and Sustainability

There is a growing demand for sustainable and environmentally friendly electronic products, which influences consumer choices and brand reputations.

Need for eco-friendly materials and production processes.
Pressure to reduce electronic waste.
Consumer preference for brands with strong sustainability credentials.

Sales Insight: Highlighting your company’s commitment to sustainability can significantly influence purchasing decisions. Develop a narrative around how your products are designed with an eco-conscious approach, and how that aligns with the values of your prospects. This can help frame your solutions as not only beneficial for the client but also good for the planet.

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Key Decision-Makers and Influencers in Electronics

Key Departments

Manufacturing

Insight: Oversees the assembly of electronic components and products. Manufacturing departments prioritize solutions that improve production efficiency, reduce downtime, and ensure product quality. They value highly reliable machinery and automated systems that can scale with demand.

Quality Control

Insight: Ensures products meet the stringent standards of the electronics market. Quality Control professionals seek advanced testing and inspection tools that can detect defects and ensure compliance with international standards.

Supply Chain Management

Insight: Manages the flow of goods and materials essential for continuous production. These departments look for robust supply chain solutions that offer real-time tracking, efficient logistics, and risk management to mitigate supply chain disruptions.

Information Technology

Insight: Supports and manages the company’s technology infrastructure. IT departments are crucial in purchasing decisions for software and hardware that ensure cybersecurity, data management, and seamless integration across various platforms.

Sales and Marketing

Insight: Drives revenue through product promotions and customer engagement. They focus on CRM and digital marketing tools that can provide deep insights into customer behavior, streamline processes, and enhance communication with target markets.

Seniority Level

C-level Executives (e.g., Chief Technology Officer, Chief Operations Officer)

Insight: In the electronics industry, C-level executives focus on sustainability, innovation, and market expansion. Their decisions are guided by how well a product or service aligns with the company’s long-term technology and operational goals, ensuring it integrates seamlessly into existing systems and contributes to competitive advantage.

Vice Presidents (e.g., VP of Engineering, VP of Product Development)

Insight: VPs in the electronics sector play a key role in overseeing product design and development strategies. They prioritize solutions that enhance product lifecycle management and innovation. When making purchase decisions, they look for reliability, technological compatibility, and the potential for product enhancement.

Directors of R&D

Insight: Research and Development Directors are pivotal in steering the innovation trajectory of their companies. They seek advanced technologies that promise to bring breakthrough products to market. Their purchase decisions are heavily influenced by the potential of a product to offer technological differentiation and intellectual property value.

Procurement Managers

Insight: Procurement Managers in the electronics industry are focused on cost-efficiency, quality assurance, and supplier reliability. They need to ensure that every purchase complies with both internal standards and external regulations, making decisions based on detailed analyses of supplier performance and product durability.

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Buying Processes and Behaviors in Electronics

Long Evaluation Periods

Electronics companies often have long evaluation periods before making a purchase.

The high cost of electronic components and equipment necessitates thorough vetting.
Technological compatibility and future-proofing are major considerations.
Risk of obsolescence demands scrutiny of product longevity and support.

How to leverage: To navigate these lengthy evaluation phases effectively, provide comprehensive data sheets, detailed product comparisons, and case studies early in your conversations. Offering trial periods or demos can also help accelerate the decision-making process by demonstrating the direct value and compatibility of your product with existing systems.

Regulatory Compliance and Standards

Compliance to industry-specific regulations is a critical factor in the electronics sector.

Electronics must adhere to safety, environmental, and quality standards.
International regulations like RoHS and REACH impact component sourcing.
Non-compliance risks can include heavy fines and market restrictions.

How to leverage: Highlight your product’s compliance with all relevant regulations early in your sales pitch. Provide documentation and, if possible, certification details that reassure the procurement teams of your product’s compliance and quality, thereby easing the approval process.

Supply Chain Security

Electronics companies prioritize supply chain security to mitigate risks.

Disruptions can result in significant production delays and financial losses.
Sourcing from multiple, reliable suppliers is a strategy to ensure continuity.
There is a growing emphasis on traceability and transparent supplier practices.

How to leverage: Demonstrate the reliability and robustness of your supply chain. Emphasize any risk management procedures you have in place and showcase your supply chain transparency. This will not only improve trust but also place your products as a less risky proposition.

Cost-Saving Initiatives

Electronics companies continuously seek ways to reduce costs without compromising quality.

Pressure to innovate while reducing production costs is intense.
Bulk purchasing and long-term contracts are common to lock in lower prices.
Energy-efficient and less wasteful production processes are preferred.

How to leverage: Tailor your proposals to highlight cost efficiencies, bulk purchase discounts, and the potential long-term savings your products offer. Demonstrating a clear ROI can be a key deciding factor in winning over budget-conscious procurement teams.

Focus on Sustainability

Sustainability has become a key purchasing factor in the electronics industry.

Stringent environmental regulations drive the need for eco-friendly electronics.
Consumer demand for greener products influences corporate buying decisions.
Sustainability often aligns with governmental incentives and rebates.

How to leverage: Ensure your products meet the highest standards of environmental friendliness. Marketing your electronics as not only efficient but also as sustainable can appeal to companies looking to meet CSR objectives and appeal to a green-conscious market.

Technological Advancements

Staying ahead with the latest technology is imperative in the electronics sector.

The rapid pace of technological innovation influences buying cycles.
Companies seek the latest features to maintain a competitive edge.
Integration with existing systems without disrupting current operations is crucial.

How to leverage: Regularly update your product offerings and ensure they include cutting-edge technology. Providing seamless integration information and support can make your products an attractive option for upgrades rather than overhauls, appealing to companies looking to evolve with the market without significant downtime.

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Prospecting Tips for Selling to Electronics Companies

Title: Address Supply Chain Resilience

Supply chain stability is a critical concern for electronics manufacturers, especially in the context of recent global disruptions. Show that you understand their challenges by discussing how your solutions can enhance supply chain resilience or flexibility.

Tip: Provide examples or case studies where your services or products have helped other companies mitigate supply chain risks.

Title: Focus on Customization Capabilities

Electronics companies often look for tailor-made solutions that can seamlessly integrate into their existing systems. Talk about your ability to customize products or services to meet specific operational needs.

Tip: Mention your past experience working with electronic firms and how you’ve successfully customized your offerings to fit unique requirements.

Title: Discuss Eco-Friendly Solutions

Sustainability is becoming increasingly important in the electronics industry, with many companies aiming to reduce their environmental impact. If your product helps in minimizing waste or conserving energy, make sure to highlight these benefits.

Tip: Share specific data or testimonials that demonstrate the environmental impact reduction achieved through your solutions.

Title: Leverage the Latest Industry Trends

Keeping up with technological trends such as AI, IoT, and automation is vital in the electronics sector. Discuss how your product aligns with these trends and can help position your prospective client at the forefront of industry advancements.

Tip: Stay updated on the latest developments and use this information to inform your outreach strategy, showing your prospects that your solutions are future-ready.

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Want to see more Electronics companies?

Things to Consider When Prospecting into Electronics Companies

Common Pain Points and Challenges for Companies in Electronics

Price Sensitivity among Consumers

Environmental Concerns and Sustainability

Start finding new prospects that match your ICP

Key Decision-Makers and Influencers in Electronics

Key Departments

Seniority Level

Not joined surfe yet? Sign up to Surfe today

Buying Processes and Behaviors in Electronics

Cost-Saving Initiatives

Focus on Sustainability

Technological Advancements

Not joined Surfe yet? Get 20 free credits

Prospecting Tips for Selling to Electronics Companies

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Top 10 Electronics Companies — a guide for sales

Want to see more Electronics companies?

Things to Consider When Prospecting into Electronics Companies

Common Pain Points and Challenges for Companies in Electronics

Start finding new prospects that match your ICP

Key Decision-Makers and Influencers in Electronics

Key Departments

Seniority Level

Not joined surfe yet? Sign up to Surfe today

Buying Processes and Behaviors in Electronics

Technological Advancements

Not joined Surfe yet? Get 20 free credits

Prospecting Tips for Selling to Electronics Companies