The "Electronic and Precision Equipment Repair and Maintenance Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global electronic and precision equipment repair and maintenance market as it emerges from the COVID-19 shut down.
The global electronic and precision equipment repair and maintenance market is expected to grow from $132.17 billion in 2020 to $142.98 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $188.88 billion in 2025 at a CAGR of 7%.
Companies Mentioned
- Apple Inc
- Qualcomm Inc
- Wireless Communications
- Verizon Wireless
Reasons to Purchase
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The electronic and precision equipment repair and maintenance market consists of sales of electronic and precision equipment repair and maintenance services by entities (organizations, sole traders and partnerships) that provide electronic and precision equipment repair and maintenance services for electronic and precision equipment including electronic products and navigational, measuring, electro medical and control instruments. The electronic and precision equipment repair and maintenance market is segmented into consumer electronics repair and maintenance; computer and office machine repair and maintenance; communication equipment repair and maintenance; and other electronic and precision equipment repair and maintenance.
Western Europe was the largest region in the global electronic and precision equipment repair and maintenance market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 30% of the global electronic and precision equipment repair and maintenance market. Africa was the smallest region in the global electronic and precision equipment repair and maintenance market.
Companies involved in the repair and maintenance of electronic equipment are using artificial intelligence (AI)-predictive analysis for increasing the quality of their services. This analysis with the use of IoT technology sensors enable the service providers to identify the critical part which has the possibility to fail and understand the current status of the components. Companies like Neuron Soundware and KONUX use AI-predictive maintenance to identify anomalies and improve the detection and identification of potential breakdown causes.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Electronic and Precision Equipment Repair and Maintenance Market Characteristics
4. Electronic and Precision Equipment Repair and Maintenance Market Product Analysis
5. Electronic and Precision Equipment Repair and Maintenance Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Electronic and Precision Equipment Repair and Maintenance Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Electronic and Precision Equipment Repair and Maintenance Market Trends and Strategies
8. Impact of COVID-19 on Electronic and Precision Equipment Repair and Maintenance
9. Electronic and Precision Equipment Repair and Maintenance Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Electronic and Precision Equipment Repair and Maintenance Market Regional Analysis
10.1. Global Electronic and Precision Equipment Repair and Maintenance Market, 2020, by Region, Value ($ Billion)
10.2. Global Electronic and Precision Equipment Repair and Maintenance Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Electronic and Precision Equipment Repair and Maintenance Market, Growth and Market Share Comparison, by Region
11. Electronic and Precision Equipment Repair and Maintenance Market Segmentation
11.1. Global Electronic and Precision Equipment Repair and Maintenance Market, Segmentation by Type
11.2. Global Electronic and Precision Equipment Repair and Maintenance Market, Segmentation by Mode
12. Electronic and Precision Equipment Repair and Maintenance Market Metrics
12.1. Electronic and Precision Equipment Repair and Maintenance Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Electronic and Precision Equipment Repair and Maintenance Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/tt12h9
View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005754/en/
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Laura Wood, Senior Press Manager
press@researchandmarkets.com
