Semiconductor and Electronic Survey

The   Pre-Shipment Inspection Market   is expected to reach USD 14.83 Billion by 2023 from USD 11.60 Billion in 2018, growing at a CAGR of 5.04% between 2018 and 2023. The growth of this market is mainly driven by the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities. Export goods held a larger share of the Pre-Shipment Inspection Market in 2017 There has been an increase in the number of product recalls due to faulty components and parts. Such incidents are on the rise than ever before due to use of sub-standard parts and materials. Moreover, the electronics, capital goods, and luxury goods industries have to adhere to stringent quality standards, thereby increasing the need for pre-shipment inspection for export goods. Pre-Shipment Inspection Market for outsourced services is expected to grow at the highest CAGR during the forecast period Many large f