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Global Electronics Industry Size, Share Trends, Analysis, Segmentation and Forecast 2019-2025

07-07-2020 06:10 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global Electronics Industry

Global Electronics Industry

Earlier to the COVID-19 pandemic, a modest growth rate in the electronics market was witnessed globally. After the pandemic, the global electronics industry has faced a dual impact. The production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. On the other hand, various e-commerce companies all across the globe have discontinued the delivery of non-essential items (including most of the electronics products), which is affecting the electronics industry.

Request a Free Sample of our Report on Global Electronics Industry: https://www.omrglobal.com/request-sample/impact-of-covid-19-on-global-electronics-industry

The report analyzes the global electronics industry on the basis of product type, application, and geography. Based on product type, the market is classified into DRAM, SSD, MCP, processor, image sensor, and others. Based on the application the market is analyzed on the basis of automotive, communication equipment, enterprise system, industrial, and personal electronics. Personal electronics segment is expected to be most affected due to coronavirus pandemic.

Geographically, the market is analyzed into North America, Europe, Asia-Pacific, and the Rest of the World. China has been hit hard by this spread of the virus as the country is an epicenter of the COVID-19. Not only China, several major economies including the US, Italy, France, Spain, Germany, and India are also affected by the COVID-19 outbreak and so is their electronic industry. Research by the American Chamber of Commerce in Shanghai (AmCham Shanghai) found that two-thirds of US businesses operating in China expect demand to be lower as a result of COVID-19 due to lack of sufficient staff. The shutdown of retail shops and showrooms of major brands, supermarkets, and hypermarkets for a definite period of time is further anticipated to affect the sales of various electronics products.

Apart from this, COVID-19 has also disrupted the global supply chain of major electronic brands. China is the largest producer and exporter of various electronics input supplies that are essentially used to produce finished electronic goods. The ongoing production halt in China has forced the other electronic manufacturers based in the US and Europe to hold the production of the finished goods on a temporary basis, which in turn leading to the gap in the demand and supply of the electronic products.

The market players are taking the necessary steps in order to reduce the adverse impact of this crisis. For instance, Apple Inc. delayed the launch of the iPhone 9 due to this pandemic outbreak in China. The company also announced that it would not meet previously announced sales projections for the first quarter. Both Hyundai and Nissan have announced production suspension in the South Korean plant due to the delay of the electronics parts.

A Full Report of Global Electronics Industry Available at https://www.omrglobal.com/industry-reports/impact-of-covid-19-on-global-electronics-industry

Market Segmentation

By Product

• DRAM
• SSD
• MCP
• Processor
• Image Sensor
• Others

By Application

• Automotive
• Communication Equipment
• Enterprise System
• Industrial
• Personal Electronics

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Companies Covered

• Apple Inc.
• Toshiba Corp.
• Qualcomm Inc.
• OmniVision Technologies Inc.
• Micron Technology, Inc.
• SK Hynix, Inc.
• Intel Corp.
• Samsung Electronics Co., Ltd.
• ADATA Technology Co., Ltd.
• Advanced Micro Devices, Inc.
• Broadcom Inc.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/impact-of-covid-19-on-global-electronics-industry

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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