The tech hardware industry is one of the most dynamic and innovative sectors in the global economy. It encompasses a wide range of products and services that enable people to communicate, work, learn, play, and create. From personal computers and mobile phones to printers and networking equipment, tech hardware devices are essential for modern life.
The global spending on devices (PCs, tablets, mobile phones, and printers) was $705.4 billion in 2021, and is expected to reach $736 billion in 2023. The low-code development platform market’s compound annual growth rate (CAGR) was about 30 percent in 2020, and is projected to remain at the same level through 2030.
In this blog post, we will explore the top 10 tech hardware companies in the world based on their revenue, market share, product portfolio, and competitive edge. We will also look at some of the latest statistics and facts about the tech hardware industry, such as its size, growth, segments, and drivers. The top 10 tech hardware companies in the world are:
Apple (AAPL):
The tech giant and a household name, Apple designs and manufactures mobile communication devices, personal computers, portable digital music players, and digital watches. It also sells a range of related software, services, accessories, networking solutions, music and entertainment streaming, as well as third-party digital content and applications. Apple is best known for its series of iPhones, iPads, Macs, AirPods, Apple Watches, and Apple TVs. In 2023, Apple had a revenue of $394.33 billion, making it the largest tech hardware company in the world by a wide margin.
Samsung Electronics (SSNLF):
Samsung is a South Korea-based multinational corporation that manufactures electronics and computer peripherals through various business segments. It produces smartphones, tablets, TVs, monitors, laptops, printers, cameras, home appliances, memory chips, display panels, and more. Samsung is the world’s largest smartphone vendor by shipments, as well as the leader in memory chips and display panels. In 2023, Samsung had a revenue of $247.70 billion, making it the second-largest tech hardware company in the world.
Taiwan Semiconductor Manufacturing Company (TSMC) (TSM):
TSMC is the world’s largest dedicated semiconductor foundry that provides contract manufacturing services for various chip designers. It produces chips for applications such as smartphones, computers, servers, automotive, industrial, consumer electronics, and more. TSMC is the main supplier of advanced chips for Apple, as well as other major customers such as AMD, NVIDIA, Qualcomm, and Huawei. In 2023, TSMC had a revenue of $51.95 billion, making it the third-largest tech hardware company in the world.
Dell Technologies (DELL):
Dell is a global leader in computer technology that offers a broad range of products and services for various segments such as consumers, businesses, governments, education, and health care. It sells desktops, laptops, workstations, servers, storage devices, monitors, printers, software solutions, and cloud services. Dell is also the parent company of other brands such as Alienware, VMware, Pivotal, SecureWorks, and Boomi. In 2023, Dell had a revenue of $94.22 billion, making it the fourth-largest tech hardware company in the world.
Hewlett-Packard (HPQ):
HP is one of the oldest and most established tech companies in the world that provides products and services for various markets such as personal systems, printing, enterprise, and cloud computing. It offers PCs, laptops, printers, scanners, copiers, ink cartridges, software solutions, and cloud services. HP is also known for its innovation and research capabilities, as well as its social and environmental responsibility. In 2023, HP had a revenue of $58.76 billion, making it the fifth-largest tech hardware company in the world.
Lenovo Group (LNVGY):
A China-based multinational corporation that sells PCs, laptops, tablets, smartphones, smart TVs, servers, storage devices, and smart devices. It is the world’s largest PC vendor by shipments. In 2023, Lenovo had a revenue of $51.04 billion.
Intel Corporation (INTC):
A U.S.-based semiconductor giant that designs and manufactures microprocessors, chipsets, graphics cards, memory chips, and other components for various devices and systems. It is the world’s largest semiconductor company by revenue. In 2023, Intel had a revenue of $77.87 billion.
Sony Corporation (SNE):
A Japan-based conglomerate that operates in various segments such as electronics, gaming, entertainment, and financial services. It produces TVs, cameras, audio devices, playstations, games, movies, music, and more. In 2023, Sony had a revenue of $76.99 billion.
LG Electronics (LGEAF):
A South Korea-based electronics company that manufactures and sells TVs, monitors, refrigerators, washing machines, air conditioners, smartphones, and other products. It is the world’s second-largest TV vendor by shipments. In 2023, LG had a revenue of $56.45 billion.
Cisco Systems (CSCO):
A U.S.-based networking giant that provides hardware, software, and services for various segments such as internet, cloud, data center, security, collaboration, and IoT. It sells routers, switches, firewalls, access points, webcams, telepresence systems, and more. In 2023, Cisco had a revenue of $49.30 billion.
The top 10 tech hardware companies in the world are among the most influential and powerful players in the global economy. They have a significant impact on the development and diffusion of technology innovation culture education entertainment health care security and social welfare. They also face many challenges and uncertainties in a fast-changing and competitive market environment. How they adapt to these changes and leverage their strengths will determine their future success and leadership in the tech hardware industry.
