Computer, electronic and optical equipment industry and its contribution to GDP
Its sub-branches include:
- Semiconductor manufacturing
- Printed boards and circuits
- Silicon wafers
- Cables for printers and monitors
- Manufacturing and assembly of computers of all types. Stationary, mobile, mainframe, PDAs, magnetic drives and servers, manufacturing of printers, monitors, keyboards, mouse scanners, smart card readers, video projectors, television screens, video game consoles, cash registers, telephones and central data communication equipment, modems, television and video transmitters, measuring, testing and navigation instruments, water meters, metal and mine detectors, detection and navigation equipment including marine and aerial, motion detectors, weighing scales, thermometers, screening devices, CT scanners, tomographs, electronic and medical endoscopic equipment, medical laser devices, pacemakers, hearing aids, binoculars, microscopes, telescopes and lenses.
The industry is classified as “high technology,” which is a knowledge-intensive industry, characterized by a high concentration of engineers and scientists, high productivity, and significant exports, along with high salaries.
Since the 1990s, Israeli industry has been gradually shifting from traditional (simple) industries to knowledge-intensive industries. The industry’s share of GDP is about 3.5%.
Important indicators
| 2005 | 2015 | 2016 | 2017 | 2018 | 2019 | ||
| Industry GDP | From NIS | 43 | 43 | 44.5 | 46 | 46 | |
| Share in GDP | % | 3.7 | 3.5 | 3.5 | 3.5 | 3.3 | |
| Sales | From NIS | 76 | 76 | 77 | 80 | 80 | |
| export | From NIS | 60-70% | 60-70% | 60-70% | 70-80% | 70-80% | |
| Employed | Thousands | 67 | 67 | 68 | 71 | ||
| Average monthly salary | Thousands | 19-20 | 20-21 | 21-22 | 22-23 | 22-23 | |
| GDP of the economy | From NIS | 660 | 1,166 | 1,224 | 1,269 | 1,330 | 1,406 |
The history of the high-tech industry in Israel
The high-tech industry in Israel began to develop in the 1970s, when a number of technology companies began operating in the country. Over time, the industry grew and expanded, becoming one of the leading industries in Israel. In the 1990s, following the rise of the Internet and digital technologies, the industry received a significant boost, and began to attract large amounts of foreign investment.
The impact of high-tech on the Israeli economy
The high-tech industry in Israel has a significant impact on the local economy. It provides many jobs, contributes to exports and GDP, and brings technological innovation that helps upgrade traditional industries. High-tech is also a source of national pride, with many Israeli companies gaining international recognition.
Challenges in the high-tech industry
Despite its many successes, the Israeli high-tech industry faces many challenges. One of the main challenges is the shortage of skilled labor, especially engineers and developers. In addition, global competition is increasing, and Israeli companies need to continue to innovate and develop in order to maintain a competitive advantage.
The future of the high-tech industry in Israel
The future of the high-tech industry in Israel looks promising. With continued investment and innovation, there is a high chance that the industry will continue to grow and develop. Areas such as artificial intelligence, digital medicine, and cyber are expected to be central in the coming years.
summary
The high-tech industry in Israel is a dynamic and advanced industry, with great potential for continued growth. It is a central part of the Israeli economy, and provides many opportunities for technological professions. With specialization and appropriate training, this field can be continued to develop, and ensure the future of high-tech in Israel.
As part of the efforts to continue developing the high-tech industry, investment in education and technological training programs is needed. Young people should be encouraged to choose technological professions, and provided with the tools and resources necessary to succeed in this field. In addition, start-up companies and innovation should continue to be supported, in order to maintain Israel’s leadership in the field of high-tech.
In conclusion, the high-tech industry in Israel not only contributes to the economy, but also affects the daily lives of the country’s citizens. New technologies are changing the way we live, work, and communicate. With continued specialization and training, Israel can continue to be a global technology center.
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