Advantech is already well positioned for the global opportunities of the electrical vehicle market, renewable energy infrastructure and smart medical care by consolidating its research-and-development capability, product design and on-site technical resources.
Furthermore, through deepening cooperation with partners in development of the artificial IoT applications, hold positive view toward 2023 and the company aims to grow continuously in both top-line and bottom-line.
Its applied computing business contributed most to overall growth, with the unit’s revenue increasing 45 percent annually, while revenues of its industrial cloud and video business unit and the service IOT business unit each grew 19 percent.
Revenues generated in North America, Europe and emerging markets posted the highest annual growth rates last year, at 23 percent, 20 percent and 14 percent respectively, while the Chinese market was relatively weak with a single-digit percentage decrease.