Top 10 APAC (excel China) Suppliers by Revenues in 2021

Hitachi Ltd, Panasonic Corp, Denso Corp, SK Innovation Co Ltd, and Mitsubishi Electric are the top 5 automotive suppliers in 2021 by revenues. Collectively, the top 10 APAC Supplier companies generated $395,668 million in revenue, where Hitachi Ltd was the highest ($91,382 million), followed by Panasonic Corp ($65,779 million), and Aisin Corp stood the lowest ($29,708 million), with an average revenue growth 17.1%. None of the top 10 companies had a revenue decline in 2021. The highest revenue growth was registered by LG Chem Ltd (41.9%), followed by SK Innovation Co Ltd (35.6%), while the lowest revenue growth was registered by Mitsubishi Electric Corp (6.8%), and Toshiba Corp (9.25%). In terms of the geographic split, 7 out of 10 companies are based in Japan, while the remaining 3 are based in South Korea. They employed a total number of 1,051,075 people in 2021. Japan-based Hitachi Ltd is the leading automotive suppliers' company by revenue in 2021. The company reported revenues of $91,382 million for the fiscal year ended December 2021 (FY2021), an increase of 17.6% over FY2020. Due to the acquisition of the power grid business of ABB Ltd and the increase in sales from YEN1.1 trillion in fiscal 2020 to YEN1.6 trillion in fiscal 2021. It Provides energy solutions such as nuclear, power grid, thermal and renewable energy. The company classifies its business operations into nine reportable segments: IT, Energy, Industry, Mobility, Smart Life, Hitachi Construction Machinery, Hitachi Metals, Hitachi chemicals, and Others. Geographically, the company operates in Japan, Asia, North America, and Europe. Hitachi employed 350,864 people in 2021. Panasonic Corp is one of the leading companies in automotive suppliers' company by revenue in 2021. The company reported revenues of $63,187 million for the fiscal year ended March 2021 (FY2021), the revenue decreased 3.6% YoY, and recorded negative growth of 4.8% during 2019-21. The segment accounted for 32.8% of the company's revenue in FY2021.The company develops, engineers, manufactures and commercializes diverse electronic technologies and products in the areas of consumer electronics, housing, B2B and Automotive fields. It employs 240,198 people in 2021.