Technology Hardware & Equipment in Singapore

Increasing foreign direct investments

In 2022, ASEAN FDI flows increased to $224 billion, marking an all-time peak. The region’s share of global FDI inflows rose further, from less than 15 per cent to more than 17 per cent. Manufacturing remained a significant recipient with investment climbing to an all-time high of $62 billion.

Source: The ASEAN Secretariat, A Special ASEAN Investment Report 2023

Diverse manufacturing activities across the region

As global supply chains diversify into SEA, a myriad of companies are tapping into the extensive network of industrial parks across the region to scale their manufacturing activities.

Manufacturing is a key contributor to Singapore’s economy

Manufacturing is Singapore’s second largest industry sector and is set to continue growing further as part of the Manufacturing 2030 plan. The manufacturing landscape is diverse and covers a myriad of sectors from semiconductors to healthcare.

Market demand

Global semiconductor market expected to hit US$1 trillion by 2030, driven by trends such as artificial intelligence and electric vehicles.

Source: McKinsey & Company, McKinsey on Semiconductors, Number 9, March 2024

Presence of major semiconductor equipment companies

Singapore hosts semiconductor companies across the entire industry value chain. These companies perform a range of activities from headquarters, manufacturing, and R&D and innovation here.

Society and industries powered by robotics

Increased interest in robotics driven by aging demographics in developed economies and advancements in artificial intelligence. Singapore is the second most automated country by robot density (818 units per 10,000 employees) above the global average of 151 units per 10,000 employees.

National Robotics Programme

The most recent tranche of S$60 million announced in 2024 will add to more than S$450 million in funding committed to the National Robotics Programme since 2016. This is complemented by national initiatives that pioneer robotics adoption across diverse industries including manufacturing, healthcare, facilities management, logistics, aviation and maritime.

Robust talent pipeline

Singapore’s globally leading Institutes of Higher Learning administer various programmes which produce over 800 graduates in robotics disciplines.