Hardware industry of the Russian Federation: History of formation, current situation and forecast of development

Subject. The article discusses the economics of the hardware industry of the Russian Federation. Objectives. The study aims at the forecast assessment of production volumes of hardware products in Russia, based on the analysis of strategic planning documents for the development of the main related sectors of the economy, using steel and wire products in their operations (construction, transport, energy, industry, agriculture). Methods. The study draws on research methods, like monographic, statistical and economic, systems analysis, and forecasting. Results. We considered the main aspects of the hardware industry development in the era of the USSR and at the present time. Currently, the production of hardware has decreased fourfold, as compared to the Soviet period. The findings are important for planning the strategic development of the hardware industry and devising the industry support measures. Conclusions. According to the forecast analysis of the steel and wire production in the Russian Federation for 2030–2035 that rests on planned indicators of the branches of the national economy being the main consumers of hardware, the hardware industry should increase production volumes by 32% by 2030–2035 relative to 2023.