Electronics and the Electrotechnical Industry

The industry’s enterprises employ 58,000 people in Finland and have an aggregate turnover of EUR 19 billion. The industry employs a further 137, 000 workers abroad in its foreign subsidiaries. Expansion has been particularly strong in Western Europe and Asia.

The electronics and electrotechnical industry is the sector which invests most heavily in research and development, accounting for 75 per cent of total R&D investment for the technology industry. As a sign of its competitiveness, of all the sectors, it receives, however, the smallest portion of public sector R&D funding. In the past few years, annual R&D spending has amounted to some EUR 2 billion. This has yielded impressive results: 80 per cent of production is exported to demanding customers around the world.

The industry is renowned for its innovative solutions, both in products and production processes. Its products and applications cover a broad spectrum from mobile phones to subways and wind power plants; from weather monitoring systems to sports and medicine. Electronics account for about half the components in trains and a fourth in cars. The sector’s state-of -the-art home appliances are becoming ever more popular.

Additional information:
Juha Ylä-Jääski, director, tel. +358 9 192 3378 or 040 903 0606.
firstname.lastname@techind.fi  

• Turnover 19 billion euros

• Personnel 58,000

• ABB, Elcoteq, Ensto, Nokia, Nokia Siemens Networks, Perlos, Planmeca, Polar Elektro, Suunto,
Vacon, Vaisala,
VTI Technologies...

Speeding up innovation processes

Our products and applications are used in almost every field. These Strategic Centres for Science, Technology and Innovation are new Finnish public-private partnerships for speeding up innovation processes: