Development focus of electronics industry in Russia: Shift from defense sector to market

Abstract

The purpose of this research is to provide an analysis of the current status of the electronics industry in Russia and to suggest ways the government can invest in the industry to create a sustainable and competitive market. Research highlights the importance of the electronics industry in the global economy, and the need for Russia to invest in production and research to increase its domestic output. The study finds that the national strategy for the development of electronics in Russia needs to be more specific and rely on market trends. Research suggests that the government should provide clear funding for new and existing companies to build new facilities and improve research capabilities. Additionally, a feasibility evaluation model for project novelty in the electronics industry is proposed, which considers technology, facilities, funding, and compatibility. The paper emphasizes the significance of narrowing down general provisions of government documents to key development areas such as building factories or creating marketable products. It also recommends that during the recession of the technological cycle, Russia should make every effort to acquire mature equipment to overcome the shortage of semiconductors. The study finds that investing in mature equipment will ensure that the industry is sustainable over the long term. In conclusion, research recommends that Russia uses the current drop in demand for electronics manufacturing facilities to build a sustainable and competitive industry. By implementing these recommendations, Russia can improve both its domestic and international competitiveness in the electronics industry.