Electronics manufacturing plants in Bangladesh
The electronics industry in Bangladesh is one of the fastest-growing industries in the country with great potential. Popular Bangladeshi electronics brands include Walton Electronics, Singer Bangladesh, Jamuna Electronics, Vision Electronics (PRAN-RFL Group). Local companies such as Fair Group, Butterfly Group, Electra, Rangs Group, Electro Mart, and Transcom Group manufacture and assembles Electronics Home Appliances in collaboration with foreign brands such as Samsung, Whirlpool, LG, Sony, Gree, Konka, and Sharp. [1]
The use of electronics in Bangladesh started in the 1930s through the field of communication with the establishment of radio stations, telephone exchanges, and wireless communication. During World War II, to satisfy military needs, the technology of wireless communication was enhanced and the latest technology was introduced in the British Raj.
In 1962, a plant was set up in Dhaka to produce radio sets. In 1967, it started assembling television sets. [2] A digital telephone system was introduced in 1983 and mobile phones came in 1992. Before 1980, most of the domestic appliances and equipment were imported, except the one-band radio, but after 1980 many assembly plants for radio, television, audio, and video cassette recorders and players were established.
Since 1990, advanced products like computers, cordless telephones, satellite TV signal-receiving equipment, etc., started to be assembled, and some spare parts also began to be manufactured. By this time, a number of multinational companies have set up assembly and manufacturing plants in the country. Local companies, in joint collaboration with foreign companies, have established assembly and manufacturing plants. At present, the total number of such companies is more than sixty. Since 1994, after Bangladesh's integration into the free market agreement, all kinds of commodities, including electronic products, began to be imported freely, which created a competitive environment. By the 2000s, few local companies began to export locally manufactured electronic home appliances abroad. Walton, Jamuna Electronics, Marcel, Vision, ViGO, Minister, etc, were the frontier leaders to start the manufacture of electronic goods in Bangladesh. After Walton, many other local companies started manufacturing electronic home appliances in the country. [3] [ full citation needed ].
Walton introduced the country's first compressor manufacturing plant in April 2017. [4] In 2017, Samsung inaugurated two home appliances manufacturing plant in Bangladesh, in collaboration with Fair Electronics and Transcom Electronics. [5] [6] In 2018, LG Electronics inaugurated TV manufacturing plant in Bangladesh, in collaboration with Butterfly Group. LG also planned to open a refrigerator and air conditioner manufacturing plant in 2019. [7] [8] Japanese electronics brand Sharp and Fujitsu General home appliances also started their journey in Bangladesh with a local conglomerate, Esquire Electronics.[ citation needed ]
On 5 October 2017, local giant Walton inaugurated the country's first-ever smartphone and tablet manufacturing plant named "Walton Digi-Tech Industries". "Made in Bangladesh" labeled smartphones made by Walton arrived at the market in January 2018. [9] [10]
On 18 January 2018, Walton launched the country's first computer and laptop manufacturing plant.
In April 2018, Samsung announced the assembling of smartphones in Bangladesh in their new factory in collaboration with Fair Electronics, and the factory commenced production of smartphones in May 2018. Bangladeshi assembled Galaxy Note 10 | 10+ | 10 Lite reached the market in January 2020. They started full-fledged manufacturing of Samsung smartphones in the quadrant of 2020. [11] [12]
In October 2018, Transsion Bangladesh Limited, a Bangladeshi subsidiary of Transsion Holdings, started producing smartphones in their new manufacturing factory in Bangladesh. Transsion started producing smartphones by assembling components and gradually shifted to full-fledged manufacturing of the phones labeled "Made in Bangladesh". [13]
The country's 5th mobile manufacturing factory was launched in October by “5 Star Mobile” brand. A few more companies were also setting up their smartphone factories in Bangladesh, which had production plans in the first quadrant of 2019. International brands like Huawei and Lava have shown their interest to set up smartphone manufacturing plants in Bangladesh within the next couple of years. [14] [15]
In July 2019, Vivo inaugurated their new manufacturing plant in Rupganj Upazila, Narayanganj. [16]
In November 2019, Chinese smartphone brand Oppo launched a new manufacturing plant in Gazipur in partnership with local company Benli Electronic Enterprise Co Limited. [17] [18]
In February 2020, Realme inaugurated their new smartphone manufacturing plant in Gazipur. [19]
In September 2021, Nokia started production of smartphones in their new manufacturing plant in collaboration with Vibrant Software Bangladesh Ltd in Bangabandhu Hi-Tech City, Gazipur. [20] [21]
In October 2021, Xiaomi opened their first Bangladeshi manufacturing plant in Gazipur, partnering with DBG Technology BD Ltd, an electronics manufacturing service provider headquartered at Huizhou, Guangdong in China. [22]
In May 2023, Transsion opened a new factory in Meghna Industrial Economic Zone, Narayanganj with $22 million investment in the first phase. [23]
As of November 2020, the industry was estimated to be worth ৳26700 crore (US$2.2 billion), with a yearly growth rate of 11%. [1] As of 2024, locally manufactured and assembled televisions had a 90% market share, 70% to 75% air conditioners (AC) were manufactured locally and 80% domestic demands of refrigerators were met by local manufacturers. Home appliances sold in Bangladesh in 2021 was estimated to be worth $2.4 Billion and is expected to rise to $10 billion by 2030. Consumer electronics sales are expected to be around $5.17 billion by 2025. [24]
Haier Group Corporation is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. Its Haier Smart Home Company affiliate, of which it owns 35%, designs, develops, manufactures and sells home appliances including refrigerators, air conditioners, washing machines, dryers, and microwave ovens under the brand names Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy. Its Haier Electronics Group affiliate manufactures consumer electronics such as mobile phones, computers, and televisions. Its Thunderobot brand is focused on gaming computers and accessories. Haier Smart Home Company is ranked 407th on the Fortune 500.
LG Electronics Inc. is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group's chemical and battery division LG Chem. It comprises four business units: home entertainment, mobility, home appliances & air solutions, and business solutions. LG Electronics acquired Zenith in 1995 and is the largest shareholder of LG Display, the world's largest display company by revenue in 2020. LG Electronics is also the world's second largest television manufacturer behind Samsung Electronics. The company has 128 operations worldwide, employing 83,000 people.
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BBK Electronics was a Chinese multinational electronics conglomerate. It was a leading consumer electronics brand specialized in audio and video equipment, home entertainment products and home appliances. It also acted as an investor in leading companies in various sectors of consumer electronics. The company specialized in developing consumer electronics products such as smartphones, tablet computers, smartwatches, smart TVs, Hi-Fi equipment, Blu-ray players, and digital cameras.
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Banglalion Communications Ltd was a privately held Bangladeshi 4G wireless broadband operator. It used WiMAX technology. It had a nationwide license from the Bangladesh Telecommunication Regulatory Commission (BTRC) to provide broadband wireless access services for data, voice and video. Banglalion covered 7 divisional headquarters and 30 major districts of Bangladesh. As of 2022, it does not provide any products.
Sharp Corporation is a Japanese electronics company. It is headquartered in Sakai, Osaka, and was founded by Tokuji Hayakawa in 1912 in Honjo, Tokyo, and established as the Hayakawa Metal Works Institute in Abeno-ku, Osaka, in 1924. Since 2016, it is majority owned by the Taiwan-based manufacturer Hon Hai Precision Industry Co., Ltd., better known as Foxconn.
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The automotive industry in Bangladesh is the third largest in South Asia.
Walton is a conglomerate based in Gazipur, Bangladesh. It was founded in 1977 by S.M. Nazrul Islam and operates in consumer electronics, home appliance, mobile phone, automobiles, and retail. The group's flagship company is Walton Hi-Tech Industries PLC.
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