01 · Context & challenges
A major export sector at the heart of industrial trade
In 2024, electronics exports from the Philippines reached USD 42.74bn and accounted for 58.38% of the country’s total exports [1]. Semiconductor components and devices made up USD 29.16bn of this figure [1].
Against this backdrop, a French public body wanted to identify possible avenues for collaboration between French and Philippine manufacturers, by understanding the economic dynamics, local needs and market conditions.
SURFEO was commissioned to conduct a study of the electronics sector in the Philippines, combining quantitative analysis, field interviews, a regulatory review and recommendations designed to inform institutional dialogue.
Decision at stake
Moving from a general view of the market to a structured understanding of the opportunities, needs and players likely to support bilateral industrial cooperation.
Scope
The Philippine electronics market, with a view to collaboration between the French and Philippine industrial ecosystems.
02 · Our intervention
A market analysis built around four workstreams
1Frame the market
Analyse the economic dynamics and structure the segments of the electronics sector.
2Size
Assess the market through quantitative analyses including TAM and SAM.
3Consult the field
Conduct more than 20 interviews to qualify the needs of local players.
4Inform cooperation
Set out the opportunities and present the conclusions to the authorities of both countries.
Quantitative analysis
TAM and SAM
Qualitative analysis
20+ interviews
Regulatory framework
Market trends
Debrief
Bilateral dialogue
03 · Key figures of the assignment
20+field interviews conducted
2sizing indicators: TAM and SAM
2national ecosystems compared
1bilateral institutional debrief
04 · Market
Electronics account for a decisive share of Philippine exports
Main destinations for electronics exports · Dec. 2024
Source: SEIPI, December 2024 export performance [1].
A structural weight in foreign tradeElectronic products accounted for 58.38% of Philippine exports in 2024 [1].
A marked specialisation in semiconductorsSemiconductor components and devices reached USD 29.16bn in exports in 2024 [1].
Outlets spread between the Americas and AsiaIn December 2024, the top five destinations were the United States, Hong Kong, China, Singapore and Japan [1].
05 · Outcomes
A structured basis for guiding industrial cooperation
Analysis of the economic dynamics of the Philippine electronics sector.
Identification of development opportunities for manufacturers.
Assessment of the specific needs expressed by local players.
Presentation of the conclusions to the French and Philippine authorities.
Your market deserves a view from the ground.
Talk to a SURFEO specialist to qualify your challenge and structure your next decisions.
Sources
[1] Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI), “Philippine Electronics Export Performance December 2024”, 2024 annual data and December 2024 destinations. https://www.seipi.org.ph/philippine-electronics-export-performance-december-2024/
[2] SURFEO internal project sheet, market study of the electronics sector in the Philippines. Source for the assignment facts, deliverables and outcomes.
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