The electronic components industry is one of the industries that China's policies support and encourage development. According to the "2024 National Electronic Components Industry Development Trend Report" released by Tanji Technology, the total number of electronic component-related enterprises in China has exceeded 1.47 million, of which 35% are mainly engaged in wholesale and retail business. In the past three years, the growth of the number of electronic component enterprises in China has remained stable, with an annual growth rate of nearly 2% in 2022 and 2023, and as of mid-November this year, it has increased by 1.28% compared with the same period last year.
As a key development area of the new generation of electronic information industry clusters, Guangdong has a complete industrial chain and the largest industrial scale in the country, and also occupies an important position in the world. As the midstream link of the electronic information industry, electronic components have formed an obvious agglomeration advantage in Guangdong, not only with large output and complete product variety, but also with the largest application market and distribution center in the country.
According to the data of Tanji Technology, the number of Chinese electronic component enterprises in Guangdong is the largest, accounting for 28% of the country, and Shanghai and Jiangsu rank second and third with 11% and 10% respectively. In the downstream market of the electronic components industry, Guangdong also has the largest customer group, including many powerful enterprises in major industries such as consumer electronics, enterprise electronics, and medical electronics.
There are more than 30,000 consumer electronics manufacturers in China, of which more than 76% are located in Guangdong, and Shenzhen accounts for 56% of them. There are more than 83,000 automotive electronics manufacturers in the country, and Guangdong enterprises account for 21% of the country, ranking first in the country. There are more than 36,000 medical electronics manufacturers in the country, and Guangdong enterprises account for 11% of the country, second only to Shandong.
Since the beginning of this year, the demand for electronic components has grown rapidly thanks to the trade-in policy of consumer goods, the "integration of vehicles, roads and clouds" and the promotion of industrial equipment renewal. The electronic components industry is a key industry supported and encouraged by national policies. China has formed the world's largest production and sales scale, relatively complete categories, the industrial chain is basically complete electronic components industrial system, the output of many categories of electronic components in the world, the overall scale of the industry has exceeded 2 trillion yuan.
The strong development of the three major electronic customer groups of consumer, medical and automotive has provided strong support for the growth of the electronic components industry.
