DUBLIN--(BUSINESS WIRE)--The "Next Generation Communication Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 9th edition of this report. The 139-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Next Generation Communication Devices Market to Reach US$532.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Next Generation Communication Devices estimated at US$113.1 Billion in the year 2020, is projected to reach a revised size of US$532.1 Billion by 2027, growing at a CAGR of 24.8% over the analysis period 2020-2027.
Information & Communication Technology, one of the segments analyzed in the report, is projected to grow at a 26.1% CAGR to reach US$192.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Consumer Electronics segment is readjusted to a revised 24.6% CAGR for the next 7-year period. This segment currently accounts for a 17.1% share of the global Next Generation Communication Devices market.
The U.S. Accounts for Over 30% of Global Market Size in 2020, While China is Forecast to Grow at a 24.1% CAGR for the Period of 2020-2027
The Next Generation Communication Devices market in the U.S. is estimated at US$33.9 Billion in the year 2020. The country currently accounts for a 29.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$91.8 Billion in the year 2027 trailing a CAGR of 24.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.3% and 21% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.2% CAGR while Rest of European market (as defined in the study) will reach US$91.8 Billion by the year 2027.
Automotive Segment Corners a 11.5% Share in 2020
In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 25.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.4 Billion in the year 2020 will reach a projected size of US$49.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$62.4 Billion by the year 2027.
Competitors identified in this market include, among others:
- AOL, Inc.
- AT&T, Inc.
- Devicescape Software, Inc.
- Diebold Nixdorf, Inc.
- General Cable Corporation
- Hitachi Cable America, Inc.
- Huawei Technologies Co., Ltd.
- Netgear, Inc.
- OFS Fitel LLC
- Plantronics, Inc.
- Purple WiFi Holdings Ltd.
- Quantum Corporation
- Silicon Laboratories, Inc.
- Verizon Communications, Inc.
- Vodafone GmbH
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Next Generation Communication Devices Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/2tyllg