The global high-tech logistics market is expected to exhibit a CAGR of more than 3% during the forecast period. In the highly competitive global tech market, flexible, safe and cost-effective logistics solutions are a top priority.
With the growing market of the high-tech industry especially for consumer electronics, digital printing systems, MedTech and various such sectors; the demand for a reduced cost and specialized logistics quality is increasing. Logistics players provide for a range of specialized solutions for the high tech market in response to its specificities which extend from product assembly, software installation, customizations to value-added distribution to the end customer and installation.
Companies like DHL provide services to the computer industry as DHL Semiconductor Logistics to provide a full suite of end-to-end solutions. The suite of services covers the entire value chain from inbound to manufacturing facilities through to final distribution to end-users and provides end-to-end visibility of products, full compliance with international regulations and maximum security of sensitive and high-value goods.
Electronic products are strongly characterized by constant innovation, have logistics requirements specific to the industry. The outbreak of the COVID-19 has put the electronics industry under pressure owing to the slowdown in logistics, city shutdowns, and the unavailability of workforce across the world. However, there has been an increase in the demand for laptops and related computer hardware, as companies look to support their employees working from home. This demand is expected to negate some of the negative impacts caused by the outbreak.
Key Market Trends
Growth in the high-tech industry
The technology industry has been a catalyst for change for global enterprises, delivering innovative solutions and business impact to help them become more competitive. Innovation and technology transformation is happening across the sectors in manufacturing, transportation, healthcare, BFSI, social impact, government and other verticals. Technology will play a critical role as an enabler for growth in governance, social paradigm and various other sectors. With a growing semiconductor consumption and acceleration in electronics manufacturing activities, several hotspots have emerged in this segment supported by High Tech and Electronics segment.
Key products in the high-tech consumer goods segment demanding flexible, sensitive and transparent transportation solutions include mobile phones, tablets, LED lights and flat panel display products.
China: posing as the largest market
China is the largest producer and exporter of consumer electronics in the world. It has the world’s most extensive electronics manufacturing units and supply chain exceeding Japan with more than five times the electronics suppliers and a huge labour force of manufacturing workers. Electronics is a sector that is constantly evolving in response to trends, market changes, and advanced technology. Products under this sector easily become obsolete due to rapid product development and paced production. China’s production parallels more than one-third of the global consumer electronics manufacturing productivity. China accounts for a value of about USD 1.09 billion which was about 42% of the total exports of China in the year 2019. However, the actual value is expected to be significantly higher considering that exports through Hong Kong usually originate from Mainland China.
Competitive Landscape
The global high-tech logistics market is fairly fragmented with a good number of companies active in the market. Companies like DB Schenker, Aramex and DHL Global Forwarding are some of the major players operating in the market. To remain aggressive and improve performance, keeping up with the modern technology is a necessity for the logistics players in the market. The companies are working on developing features like flexibility and openness to the coordinated technological efforts as they explore the on the continually changing worldwide economy. The companies are also under significant pressure to manage costs and minimize time to market.
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With the growing market of the high-tech industry especially for consumer electronics, digital printing systems, MedTech and various such sectors; the demand for a reduced cost and specialized logistics quality is increasing. Logistics players provide for a range of specialized solutions for the high tech market in response to its specificities which extend from product assembly, software installation, customizations to value-added distribution to the end customer and installation.
Companies like DHL provide services to the computer industry as DHL Semiconductor Logistics to provide a full suite of end-to-end solutions. The suite of services covers the entire value chain from inbound to manufacturing facilities through to final distribution to end-users and provides end-to-end visibility of products, full compliance with international regulations and maximum security of sensitive and high-value goods.
Electronic products are strongly characterized by constant innovation, have logistics requirements specific to the industry. The outbreak of the COVID-19 has put the electronics industry under pressure owing to the slowdown in logistics, city shutdowns, and the unavailability of workforce across the world. However, there has been an increase in the demand for laptops and related computer hardware, as companies look to support their employees working from home. This demand is expected to negate some of the negative impacts caused by the outbreak.
Key Market Trends
Growth in the high-tech industry
The technology industry has been a catalyst for change for global enterprises, delivering innovative solutions and business impact to help them become more competitive. Innovation and technology transformation is happening across the sectors in manufacturing, transportation, healthcare, BFSI, social impact, government and other verticals. Technology will play a critical role as an enabler for growth in governance, social paradigm and various other sectors. With a growing semiconductor consumption and acceleration in electronics manufacturing activities, several hotspots have emerged in this segment supported by High Tech and Electronics segment.
Key products in the high-tech consumer goods segment demanding flexible, sensitive and transparent transportation solutions include mobile phones, tablets, LED lights and flat panel display products.
China: posing as the largest market
China is the largest producer and exporter of consumer electronics in the world. It has the world’s most extensive electronics manufacturing units and supply chain exceeding Japan with more than five times the electronics suppliers and a huge labour force of manufacturing workers. Electronics is a sector that is constantly evolving in response to trends, market changes, and advanced technology. Products under this sector easily become obsolete due to rapid product development and paced production. China’s production parallels more than one-third of the global consumer electronics manufacturing productivity. China accounts for a value of about USD 1.09 billion which was about 42% of the total exports of China in the year 2019. However, the actual value is expected to be significantly higher considering that exports through Hong Kong usually originate from Mainland China.
Competitive Landscape
The global high-tech logistics market is fairly fragmented with a good number of companies active in the market. Companies like DB Schenker, Aramex and DHL Global Forwarding are some of the major players operating in the market. To remain aggressive and improve performance, keeping up with the modern technology is a necessity for the logistics players in the market. The companies are working on developing features like flexibility and openness to the coordinated technological efforts as they explore the on the continually changing worldwide economy. The companies are also under significant pressure to manage costs and minimize time to market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET INSIGHTS
5 MARKET DYNAMICS
6 MARKET SEGMENTATION
7 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DB Schenker
- Rhenus Logistics
- Aramex
- DHL Global Forwarding
- CH Robinson
- AP Moller- Maersk
- BLG Logistics
- Ceva Logistics
- Agility Logistics
- Kerry Logistics
- DSV Panalpina
- Geodis
- Kuehne + Nagel
- GEFCO Group
Methodology
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