The Business Research Company’s latest report Communications Hardware Global Market Report 2020 covers Communications Hardware market drivers, Communications Hardware market trends, Communications Hardware market segments, Communications Hardware market growth rate, Communications Hardware market major players, and Communications Hardware market size. The report provides in-depth analysis of the impact of COVID-19 on the Communications Hardware industry, along with revised market numbers due to the effects of the coronavirus.
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Communications Hardware Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global communications hardware market is expected to decline from $661 billion in 2019 to $651.3 billion in 2020 at a compound annual growth rate (CAGR) of -1.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $805.7 billion in 2023.
The report covers the Communications Hardware market’s segments-
1) By Type: General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment
2) By Application: Military Use, Civil Use.
Subsegments Covered: Alarm Systems And Equipment, Fire Detection Equipment, Smoke Detectors, Intercoms Systems And Equipment, Traffic Signals, Others - General Communication Equipment, Pagers, Transmitting Antennas, GPS Equipment, Cellular Telephone, Others - Broadcast Communications Equipment, Switching Equipment, Bridges, Gateways And Routers, Others - Telecom Infrastructure Equipment.
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