Thailand Business News – “Asia Leads Global Digital Hardware Market with Essential Electronic Components”

Recent data from the United Nations Conference on Trade and Development (UNCTAD) reveals that Asia is the powerhouse behind the global information and communications technology (ICT) market, accounting for nearly 80% of ICT goods production. This significant share highlights the region’s crucial role in the digital economy, particularly in the manufacturing of electronic components like chips and sensors.

Despite Asia’s dominance in exports of ICT goods, Europe leads the market for ICT services, holding a 57% share. In contrast, Africa and Latin America contribute only 2.5% to the $1.2 trillion global market, indicating a stark imbalance in digital trade across regions.

There are concerns that developing countries may face long-term marginalization in the digital economy unless they invest urgently in broadband infrastructure, digital skills, and supportive trade policies. Addressing these gaps is essential for fostering inclusive growth in the ICT sector and ensuring that all regions can benefit from the digital revolution.