Germany’s Top 10 Electronic Hardware Companies
Lily Ruaah, 23 January 2025
The German electronics market has faced some challenges in recent years, witnessing year-on-year decline of around 0.5% since 2010. Despite this, Germany remains the leader in electronics revenue in Europe, ahead of France, Italy, and Poland.
Despite this recent downturn, Germany’s electronics market is expected to grow due to government subsidies for semiconductors, rising demand from the automotive sector, and projected increases in consumer electronics and active electronic components. By 2028, the German electronics market is on track to hit around €138b — a 6% increase from the €130b in 2023, or a modest annual growth of about 0.9%.
In this article, we’re taking a look at the companies at the forefront of this industry, driving innovation and shaping the future of electronics, both in Germany and across the world.
Methodology
Our analysis focuses on German companies in the electronics hardware industry.
To be included in our list, companies must be headquartered in Germany, listed as ‘Active’ on the German Handelsregister, and be classified within the electronics hardware industry using Beauhurst’s industries classification.
The data for this report was primarily found using the Beauhurst platform, and is accurate as of 21 January 2025.
Companies have been ranked by annual turnover. In most cases turnover from 2023 has been used, but in a few exceptions 2022’s value has been used where 2023’s accounts haven’t yet been filed by the company. Only companies with turnover filed from 2023 or 2022 have been included in the ranking.
The Top German Manufacturing Companies
Germany’s top 10 electronic hardware companies
10.
Wortmann
Location: Hüllhorst
Turnover: €1.02b
Wortmann is an IT company that provides a range of products and services, including hardware, software, and cloud solutions, as well as distribution, financing, and training services.
In 2022 the company filed a turnover of €1.02b putting it at number 10 in our list.
09.
CANCOM
Location: München
Turnover: €1.31b
CANCOM provides a variety of IT services and infrastructure, including design of IT systems and IT consulting services. In December 2024, the company won the Dell Technologies’ Excellence in AI award in Germany.
The IT services company filed a turnover of €1.31b in 2022. Since its incorporation in 1998, it’s acquired two British companies: OSCL and Novosco.
08.
Hewlett Packard
Location: Boblingen
Turnover: €1.56b
Hewlett Packard Enterprise offers a range of products and services that help customers manage their IT infrastructure, from edge to cloud, and offers solutions for artificial intelligence, data storage, computing, networking, and supercomputing.
The company filed a turnover of €1.56b in 2023. The company’s website announced a strong fiscal financial year in 2024 with a 15% increase in revenue from the prior year in dollars.
07.
Lenovo
Location: Stuttgart
Turnover: €2.07b
Lenovo is a multinational technology company that specialises in the design, manufacture, and sale of consumer electronics, personal computers, software, and related services.
In 2023, the company filed a turnover of €2.07b. Lenovo Germany Holding is in the process of fully acquiring MEDION, a German consumer electronics company.
06.
IBM
Location: Boblingen
Turnover: €2.83b
IBM, which stands for International Business Machines Corporation, is a global technology and consulting company. It has a significant and multifaceted presence in Germany, spanning across research and development and quantum computing, as well as electronic hardware.
Whilst IBM was founded in 1911, its German presence was incorporated in 1991 and has been running for over 20 years. In 2023, the company filed a turnover of €2.83b.
05.
Dell
Location: Frankfurt am Main
Turnover: €3.64b
Dell provides computer hardware, software, and technology solutions, including laptops, desktops, monitors, servers, and data storage systems, as well as IT infrastructure and services.
The computer company filed a turnover of €3.64b in 2023 — its highest turnover in the past six years.
04.
LEONI
Location: Nürnberg
Turnover: €5.51b
The LEONI Group develops and manufactures energy and data management solutions, including automotive cables, wiring systems, and charging and power systems for the automotive industry.
In another record high, the company filed a turnover of €5.51b, the largest it’s seen in the past seven years.
03.
Datakamp Systems
Location: Buxtehude
Turnover: €5.56b
Datakamp Systems has been developing and manufacturing electronic system components for industrial use since 1985. It specialises in modern embedded computer systems.
It filed a turnover of €5.56b in 2022, securing third place on our list.
02.
Bechtle
Location: Neckarsulm
Turnover: €6.48b
Headquartered in Neckarsulm, Bechtle supplies a range of IT services including hardware and software sales, system integration, and cloud consulting for businesses and the public sector.
The company was incorporated in 1999 and has since then acquired four British businesses: DriveWorks, Qolcom, Tangible Benefit, and ACS Systems. It filed a turnover of €6.48b in 2023.
01.
Siemens
Location: München
Turnover: €19.7b
Coming in at number one, Siemens is a German multinational conglomerate and one of the largest industrial manufacturing companies in the world. Headquartered in München, it operates in a wide range of industries, focusing on electrification, automation, and digitalisation.
The company filed a turnover of €19.7b in 2023, well over three times that of Bechtle in second place. It has acquired three other companies since it was incorporated in 1897, most recently Senseye, a web-based software company, in 2022.
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