The repair and maintenance industry of electronic and precision equipment uses AI for better detection
Business Research Company Electronic and Precision Equipment Repair and Maintenance Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, Jan. 24, 2022 /EINPresswire.com/ — Companies involved in the repair and maintenance of electronic equipment are using artificial intelligence (AI) predictive analytics to improve the quality of their services. This analysis with the use of IoT technology sensors allows service providers to identify the critical part that has the possibility of failure and understand the current state of the components. Companies such as Neuron Soundware and KONUX are using AI predictive maintenance to identify anomalies and improve the detection and identification of potential causes of failure.
The electronic and precision equipment repair and maintenance market size is expected to grow from USD 129.82 billion in 2021 to USD 142.14 billion in 2022 at a compound annual growth rate (CAGR) of 9. 5%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. The electronic and precision equipment repair and maintenance market share is expected to reach $195.55 billion in 2026 with a CAGR of 8.3%.
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Key players covered in the global electronic and precision equipment repair and maintenance market are Juniper Networks Inc, Emcor Group, Illinois Tool Works Inc. and Tsubakimoto Chain Co.
TBRC’s Global Electronic and Precision Equipment Repair and Maintenance Market analysis report is segmented by Type into Consumer Electronics Repair and Maintenance, Computer and Office Machinery Repair and Maintenance, Repair and maintenance of communication equipment, repair and maintenance of other electronic and precision equipment, by mode online, offline, by type of service in inspection, maintenance, repair.
Global Electronic and Precision Equipment Repair and Maintenance Market Report 2022 – By Type (Consumer Electronics Repair and Maintenance, Computer and Office Machinery Repair and Maintenance, Computer Equipment Repair and Maintenance, communication, repair and maintenance of other electronic and precision equipment), by offline mode), by type of service (inspection, maintenance, repair) – Market size, trends and global forecasts 2022-2026 is part of a series of new reports from The Business Research Company which provides an overview of the Repair and Maintenance of Electronic and Precision Equipment Market, forecast of the size and growth of the Repair and Maintenance of Electronic and Precision Equipment Market for the overall market, segments of the repair and maintenance of electronic and prec ision, Geographies, Electronic and Precision Equipment Repair and Maintenance Market Trends, Electronic and Precision Equipment Repair and Maintenance Market Drivers, Constraints, Revenue, Profiles and Customer Profiles main competitors market share.
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