Market Size of High-tech Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High-tech Logistics Market Analysis
The 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 a range of specialized solutions for the high-tech market in response to its specificities which extend from product assembly, software installation, and customizations to value-added distribution to the end customer and installation.
Companies like DHL provide services to the computer industry as DHL Semiconductor Logistics provides a full suite of end-to-end solutions. The suite of services covers the entire value chain from inbound to manufacturing facilities to final distribution to end-users. It 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 a 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.
