Written by- Subhangi Singh
Technology is ruling our day-to-day life. In some parlance, technology is also driving the economical growth of countries. For example - Japan is the unanimous winner when we talk of technology in general and production-related technology in particular. Similarly, the USA dominates the software world while China, Taiwan, and South-Asian countries are the device manufacturing hubs for the world.
Here are the top nations ruling in the world of technology, as per a new innovation study:
Japan
From manufacturing out-of-the-world automotive engines, video games, optical clocks, robots - Japan produces - and even uses - everything that you can imagine. Home to a wide variety of market leaders like Sony, Toyota, Honda, Nissan, Panasonic, Mitsubishi and more, Japan is indeed the land of rising sun. As of 2017, 51 of the Fortune Global 500 companies were based in Japan.
South Korea
Apart from the widely famous K-Pop bands, South Korea is also known for its deep-rooted and highly developed digital interface. The country possesses the third most broadband internet users and is also a global leader in electronics, digital displays and mobile phones. Consumer goods giant Samsung is based in South Korea, along with many other notable brands as Hyundai. The reason behind the country's aggressive technological approach is its government's commitment to drive the tech sector.
China
An undisputed leader in manufacturing, China is a leader in technology too. From self-driving cars to cancer detection, Artificial Intelligence to solar panels, electric vehicles, battery technology, telecom infrastructure, mobile apps - China leads the game in every sphere. China is now targeting the semiconductor industry, the crown jewel of digital technologies.
USA
The USA is a superpower nation that holds the same rank in tech domain too, thanks to the massive budget allocation to its R&D effort. Home to a vast number of renowned semiconductor firms and internet firms, USA overshadows the digital and internet domains. The US is the home to Facebook, Twitter, Google, Dell, Microsoft and umpteen such tech giants. The US military’s tech prowess is inspiring in its own league as it has tech-savvy drones, stealth bombs, warships among a fleet of war machines.
Germany
Germany possesses 19.1% share of the international industrial and mechanical engineering market. Its widely developed technological outlook can be traced back to the world war times. In the automobiles industry, various renowned names - BMW, Porsche, Mercedes, Volkswagen, Audi - come from Germany. Their next focus is on manufacturing robots. A German lighting company, Osram is said to be the key force for its creation of low energy LED.
Subhangi Singh is an intern with TechGig.
