Top 15 Largest European Electronics Companies in 2024

Europe’s electronics companies continue to dominate global markets in 2024, excelling across various fields such as semiconductors, healthcare technologies, industrial automation, and consumer electronics. These firms lead the way in developing and manufacturing critical technologies that shape industries like automotive, telecommunications, and energy. Here’s an extensive look at the largest European electronics companies and their diverse product portfolios.

As you explore the innovations from Europe’s leading electronics companies, it’s clear that success in this dynamic industry requires access to cutting-edge technology and reliable manufacturing partners. At Highleap Electronic, we provide world-class PCB and PCBA manufacturing services to help bring your designs to life with the highest levels of quality and precision.

1. ASML Holding N.V.

• Headquarters: Netherlands
• World Rank: 28
• Market Cap: $290 billion
• Annual Revenue: $24.6 billion
• Net Income: $7.1 billion

ASML is the world’s leading supplier of photolithography machines used to manufacture semiconductor chips. Its product portfolio is primarily focused on:

• Extreme Ultraviolet Lithography (EUV): This technology is crucial for producing sub-7 nm chips used in advanced microprocessors for industries such as AI, automotive, and data centers.
• Deep Ultraviolet Lithography (DUV): ASML’s DUV systems are used in the production of high-performance memory and logic chips.
• TWINSCAN NXT & EXE Series: These machines allow manufacturers to produce advanced chips with nanometer-level precision, contributing to the miniaturization of electronic devices. The TWINSCAN NXT platform is used for mass-producing chips with 32 nm feature sizes.

ASML’s lithography machines are pivotal for companies like Intel, Samsung, and TSMC, which rely on ASML’s technology to produce the most advanced chips for consumer electronics, automotive, and industrial applications.

2. Medtronic Plc

• Headquarters: Ireland
• World Rank: 110
• Market Cap: $125 billion
• Annual Revenue: $32.9 billion
• Net Income: $5.3 billion

Medtronic is a global leader in medical devices and healthcare technology. Their broad range of products includes:

• Cardiac Devices: Pacemakers, defibrillators, and cardiac resynchronization therapy devices.
• Neuromodulation Systems: Devices like spinal cord stimulators and deep brain stimulators that treat chronic pain, Parkinson’s disease, and other neurological disorders.
• Surgical Technologies: Their Hugo™ Robotic-Assisted Surgery (RAS) system is a major player in minimally invasive surgeries.
• Diabetes Management: Insulin pumps and continuous glucose monitoring (CGM) systems, including the MiniMed™ 780G insulin pump with automated insulin delivery, integrated with AI algorithms.

Medtronic also develops implantable neurostimulators, vascular devices, and respiratory care solutions, making them a major force in improving patient outcomes through advanced therapies.

3. ABB Group

• Headquarters: Switzerland
• World Rank: 215
• Market Cap: $68.1 billion
• Annual Revenue: $30.3 billion
• Net Income: $4.8 billion

ABB is known for its expertise in power grids, industrial automation, and robotics. Their product lines include:

• Robotics: Industrial robots like IRB 6700 are used in manufacturing, logistics, and automotive assembly, integrating AI for enhanced precision and productivity.
• Automation Systems: ABB’s Ability™ digital platform uses real-time analytics to optimize factory operations and energy consumption. It is essential for smart manufacturing and Industry 4.0 implementations.
• Electrification Products: From circuit breakers and electrical distribution boards to EV chargers, ABB’s electrical products are critical for the global transition to sustainable energy and smart grids.
• Renewable Energy Solutions: ABB is heavily involved in integrating renewable energy into national grids, offering solutions like smart transformers and energy storage systems.

ABB is a key provider of automation and robotics solutions for industries such as automotive, pharmaceuticals, and food & beverage, offering a wide range of products that reduce downtime and enhance operational efficiency.

4. Infineon Technologies AG

• Headquarters: Germany
• World Rank: 305
• Market Cap: $55.2 billion
• Annual Revenue: $14.2 billion
• Net Income: $1.6 billion

Infineon is a leading semiconductor company focused on providing energy-efficient solutions, particularly for automotive, industrial, and IoT markets. Their core products include:

• Power Semiconductors: These are essential in electric vehicles, solar inverters, and industrial automation. Infineon’s CoolMOS™ and CoolSiC™ MOSFETs are industry-leading in efficiency and reliability.
• Automotive Chips: Infineon dominates the automotive semiconductor market, producing sensors, microcontrollers, and power electronics used in EVs and ADAS (Advanced Driver Assistance Systems).
• Security Solutions: Their Trusted Platform Modules (TPMs) and hardware security chips protect IoT devices, communications, and industrial systems from cyberattacks.

Infineon’s Cypress acquisition has expanded their presence in IoT applications, providing a full range of wireless connectivity chips, sensors, and microcontrollers for smart home and industrial automation.

5. NXP Semiconductors N.V.

• Headquarters: Netherlands
• World Rank: 310
• Market Cap: $54.7 billion
• Annual Revenue: $13.8 billion
• Net Income: $2.0 billion

NXP Semiconductors specializes in secure connected solutions for embedded applications. Their product range spans:

• Automotive Microcontrollers: NXP’s S32 platform powers safety and automation features in cars, including Advanced Driver-Assistance Systems (ADAS), autonomous driving, and vehicle-to-everything (V2X) communication.
• IoT and Edge Computing Solutions: NXP’s processors and communication systems are vital for smart cities, industrial IoT, and connected healthcare applications.
• NFC and RFID: NXP pioneered NFC technology, which is widely used in mobile payments (e.g., Apple Pay and Google Pay) and secure identification systems.

NXP continues to innovate in automotive radar, secure mobile payments, and wireless charging technologies, making them a crucial player in the interconnected world.

6. STMicroelectronics N.V.

• Headquarters: Switzerland/France
• World Rank: 365
• Market Cap: $48.9 billion
• Annual Revenue: $15.3 billion
• Net Income: $2.5 billion

STMicroelectronics designs and manufactures a wide array of semiconductors across multiple industries, including:

• Microcontrollers (MCUs): Their STM32 family of MCUs is widely used in IoT devices, automotive systems, and industrial applications.
• Power Management ICs: These chips are critical in EVs, industrial automation, and consumer electronics. ST is leading the way in GaN and SiC-based power electronics, which are more efficient than traditional silicon-based components.
• Sensors: ST produces a wide range of MEMS sensors for motion tracking, environmental monitoring, and automotive applications, including accelerometers and gyroscopes for smartphones and wearables.

STMicroelectronics continues to drive innovations in 5G, AI, and automotive electronics, focusing on developing chips for autonomous driving, machine learning at the edge, and secure IoT connectivity.

7. TE Connectivity Ltd.

• Headquarters: Switzerland
• World Rank: 430
• Market Cap: $42.1 billion
• Annual Revenue: $15.9 billion
• Net Income: $2.6 billion

TE Connectivity manufactures connectors and sensors that serve a variety of high-growth markets, such as automotive, aerospace, and industrial equipment. Their products include:

• Automotive Connectors: TE is a leader in high-voltage connectors and systems for electric vehicles. These connectors are vital for battery systems, inverters, and electric drivetrains.
• Sensors: TE produces temperature, pressure, and position sensors for automotive, healthcare, and industrial applications. Their sensors are crucial for monitoring and optimizing systems in smart factories and robotics.
• Industrial & Data Connectivity: TE’s industrial connectors and data communication systems are essential for IoT and automation, enabling real-time data transmission and control.

TE Connectivity’s products are critical in enabling autonomous vehicles, smart grids, and connected industries, all of which require durable, high-performance connectors and sensors.

8. Nokia Corporation

• Headquarters: Finland
• World Rank: 635
• Market Cap: $28.3 billion
• Annual Revenue: $26.1 billion
• Net Income: $1.9 billion

Nokia is a telecommunications giant that has pivoted toward 5G infrastructure and cloud-based services. Their product portfolio includes:

• 5G Networks: Nokia’s AirScale 5G base stations are used worldwide by telecom operators to deploy ultra-fast, low-latency mobile networks.
• Network Automation and AI: Through its Bell Labs division, Nokia leads in AI-driven network management, helping operators optimize traffic and reduce operational costs.
• IoT Platforms: Nokia’s Wing IoT platform enables scalable and secure deployment of IoT solutions across industries such as logistics, smart cities, and healthcare.

Nokia’s expertise in 5G, IoT, and edge computing makes them a critical player in building the next generation of smart cities and autonomous infrastructure.

9. Philips N.V.

• Headquarters: Netherlands
• World Rank: 945
• Market Cap: $18.6 billion
• Annual Revenue: $18.9 billion
• Net Income: $2.9 billion

Philips has transformed into a global leader in healthcare technology. Key product lines include:

• Medical Imaging Systems: Philips is a leader in MRI, CT, and ultrasound machines, which are used in hospitals worldwide for diagnostics and treatment planning.
• Patient Monitoring Systems: Philips’ patient monitoring devices provide real-time data on vital signs, helping healthcare providers manage patients more effectively, especially in intensive care units (ICUs).
• Health & Wellness Products: Philips offers smart sleep solutions, oral care, and personal grooming products, all integrated with health tracking technologies.

Philips is a driving force in the transition to connected healthcare, leveraging AI and IoT to improve diagnostics, patient care, and home health services.

10. Logitech International S.A.

• Headquarters: Switzerland
• World Rank: 1,575
• Market Cap: $9.6 billion
• Annual Revenue: $6.5 billion
• Net Income: $720 million

Logitech is a leader in peripherals for personal computers and gaming. Their wide range of products includes:

• Keyboards and Mice: The MX Master series for professionals and G Series for gamers are among the most popular input devices globally.
• Video Conferencing Solutions: Logitech Rally and Logitech MeetUp systems are designed for business use, providing high-quality video collaboration tools for remote teams.
• Gaming Peripherals: Logitech G offers a range of gaming keyboards, mice, headsets, and racing wheels used by both casual and professional gamers.

Logitech’s products are essential for remote work and gaming, both of which saw significant growth post-pandemic, and the company continues to innovate with ergonomic designs and better connectivity options.

11. RS Group PLC (Electrocomponents)

• Headquarters: United Kingdom
• World Rank: 2,125
• Market Cap: $8.1 billion
• Annual Revenue: $3.2 billion
• Net Income: $195 million

RS Group is a global distributor of industrial and electronic components, providing products for sectors like automation, energy, and telecommunications. Key offerings include:

• Electronic Components: RS Group supplies over 600,000 products, including semiconductors, sensors, resistors, and capacitors, to manufacturers and engineers.
• Automation Products: They offer a broad range of industrial automation solutions, including PLCs, motion controllers, and factory automation software.
• Test & Measurement Equipment: RS Group provides essential tools for engineers, including oscilloscopes, multimeters, and environmental testing devices.

RS Group is essential for maintaining the supply chains of manufacturing, telecommunications, and energy sectors, providing a vast catalog that supports both product development and mass production.

12. Belimo Holding AG

• Headquarters: Switzerland
• World Rank: 2,500
• Market Cap: $6.9 billion
• Annual Revenue: $1.1 billion
• Net Income: $140 million

Belimo is a leading manufacturer of HVAC control systems, focusing on:

• Actuators: Belimo’s actuators control dampers, valves, and fans in heating, ventilation, and air conditioning systems.
• Sensors: Their sensors monitor temperature, humidity, and air quality in buildings, contributing to energy-efficient environmental control.
• Smart HVAC Solutions: Belimo is integrating IoT and smart technologies into their HVAC systems, allowing for real-time monitoring and energy optimization in commercial buildings.

Belimo’s focus on energy efficiency and smart building technology makes them a critical player in the green building movement, where sustainability and operational efficiency are key.

13. BE Semiconductor Industries N.V. (BESI)

• Headquarters: Netherlands
• World Rank: 2,700
• Market Cap: $6.0 billion
• Annual Revenue: $900 million
• Net Income: $320 million

BE Semiconductor Industries (BESI) specializes in advanced semiconductor packaging, offering solutions for:

• Flip-Chip and Wafer-Level Packaging: These packaging methods are essential for mobile devices, automotive electronics, and high-performance computing.
• 3D Packaging Technologies: BESI’s advanced 3D packaging techniques are used in the miniaturization of semiconductors, making them critical for AR/VR devices and wearables.
• Leadframe and Substrate Packaging: BESI provides equipment for high-volume production of leadframe packages, which are used in various consumer electronics.

BESI is a key supplier for semiconductor foundries, enabling them to produce more efficient, smaller, and faster chips for the next generation of electronics.

14. AB Electrolux (Publ)

• Headquarters: Sweden
• World Rank: 3,100
• Market Cap: $4.2 billion
• Annual Revenue: $14.5 billion
• Net Income: $540 million

Electrolux is a global leader in home appliances, focusing on:

• Smart Appliances: Electrolux offers connected appliances such as smart ovens and refrigerators that can be controlled via mobile apps, enabling consumers to monitor and optimize usage.
• Energy-Efficient Products: Their EcoLine range of appliances includes energy-efficient washing machines, dishwashers, and vacuum cleaners designed to reduce water and power consumption.
• Professional Appliances: Electrolux also serves the commercial kitchen and laundry markets, providing high-performance equipment for hotels, restaurants, and hospitals.

Electrolux’s commitment to sustainability and its adoption of smart home technologies position the company at the forefront of the green appliance market.

15. Nordic Semiconductor ASA

• Headquarters: Norway
• World Rank: 3,455
• Market Cap: $3.5 billion
• Annual Revenue: $790 million
• Net Income: $85 million

Nordic Semiconductor specializes in ultra-low-power wireless communication, offering products that power the IoT revolution. Key products include:

• Bluetooth LE and Mesh Chips: Nordic’s Bluetooth chips are used in a wide array of consumer devices, including fitness trackers, smart speakers, and medical devices.
• Cellular IoT: Nordic’s nRF9160 offers LTE-M and NB-IoT connectivity, which are essential for asset tracking, smart city infrastructure, and industrial IoT applications.
• Zigbee and Thread Protocols: These wireless protocols enable smart home devices to communicate seamlessly, making Nordic chips a key component in smart lighting, security, and energy management systems.

Nordic Semiconductor’s focus on low-power, high-efficiency wireless technologies ensures their continued growth in the IoT and smart home markets, which are expanding rapidly across industries.

Conclusion

The Top 15 Largest European Electronics Companies in 2024 represent the pinnacle of technological innovation across industries like semiconductors, medical technology, industrial automation, and consumer electronics. These companies provide essential products and services that drive advancements in 5G, IoT, electric vehicles, smart cities, and more. As leaders in their respective sectors, they play a crucial role in shaping the future of global electronics and ensuring that Europe remains a key player in the rapidly evolving tech landscape.

If you’re inspired by the innovations of Europe’s leading electronics companies and are looking to develop your own cutting-edge products, Highleap Electronic is ready to support you. With our top-tier PCB and PCBA manufacturing services, we ensure your designs meet the highest standards of quality and performance. Get in touch with us today for a quick quote and take the next step toward making your innovative ideas a reality.