Electronics Industry

The electronics industry designs, manufactures, and sells electronic devices and components, and grew into one of the largest global industries over the course of the twentieth century. It spans consumer products such as phones, computers, and televisions, alongside professional, industrial, medical, and military electronic equipment. Manufacturing in this sector depends heavily on semiconductors and integrated circuits, with production increasingly carried out through surface-mount technology and automated assembly lines. The semiconductor segment alone generated more than 481 billion dollars in revenue in 2018, reflecting the scale of demand for the chips that power modern devices. Rising volumes of discarded electronics have also made electronic waste a significant environmental concern, prompting international regulation and design changes aimed at reducing hazardous materials in devices.