The global telecom electronic manufacturing services (EMS) market size is likely to reach USD 230.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. IoT is the next key trend and is estimated to support the telecom industry in terms of revenue generation and infrastructure expansion, which is subsequently estimated to drive the market over the forecast years. Furthermore, mobile connectivity has improved tremendously over the past few years and penetration of wireless devices has witnessed healthy growth over the years. This trend is poised to continue over the next few years and positively impact the telecom EMS market growth.
With such unprecedented growth in the telecom world, players are often challenged to keep pace with their products as well as service offerings. However, with changing market dynamics in the telecom sector and growing focus on offering higher customer value, equipment vendors are aiming to make it big in the service offering field. Thus, the industry has been experiencing a shift toward outsourcing activities. This is, in turn, stoking the growth of the market.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/telecom-electronic-manufacturing-services-ems-market
Further key findings from the report suggest:
-
The global telecom EMS market is mainly driven by need to reduce overall costs while being competitive in international markets. Additionally, need to reduce operating and manufacturing costs is playing a pivotal role in stimulating market growth
-
In 2016, the electronic manufacturing service segment lead the market with over 45.0% share, owing to the fact that global telecom players demand assistance in designing, implementing, manufacturing, and testing of equipment on a large-scale
-
The electronic design and engineering segment is projected to witness a CAGR close to 9.0% from 2017 to 2025. Advancements in technology are making it necessary for firms to subcontract design and engineering services to cope with ever-changing dynamics associated with technological developments and innovations
-
Asia Pacific is expected to dominate the market throughout the forecast horizon. Increasing electronics production in the Southeast Asia region, supported by incentives and funding from a few electronic giants, is one of the primary growth stimulants for the market in the region
-
The telecom electronic manufacturing services market is well-diversified. Companies focus on offering a wide range of services, thus enabling OEMs to focus on their core competent businesses. Key players in the industry include Benchmark Electronics, Inc.; Flex, Ltd.; Plexus Corp; and Jabil Circuit, Inc.
Grand View Research has segmented the global telecom EMS market on the basis of services and region:
Telecom EMS Service Outlook (Revenue, USD Billion, 2015 - 2025)
-
Electronic design & engineering
-
Electronics assembly
-
Electronic manufacturing
-
Supply chain management
-
Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Global Electronics Manufacturing Outsourcing Market, the report supplies an overview of things that enable the market's increase.
According to the report invention has produced lots of expansion opportunities for businesses, but also for new market entrants.
Global Market Research Reports provide information on market evaluation, competitive surroundings, market trends, price structure, capability, earnings and gross profit, company supply, and prediction 2025.Key Player Mentioned: Foxconn, Flextronics, Jabil Circuit, Celestica, Sanmina-SCI, TT Electronics, Norautron, Zollner Elektronik, Universal Scientific Industrial (USI), Benchmark Electronics, EPIQ, Plexus, Solectron, VentureRequest Sample Copy @t: https://introspectivemarketresearch.com/request/11183The report provides a quick timeline for every segment of the worldwide Electronics Manufacturing Outsourcing Market.
It also helps in determining reasons for the progress of certain segments over others within the future years.
the general market is additionally segmented on the idea of geography within the us , Europe, India, Japan, China, and Southeast Asia .
A comprehensive comprehension of this market is necessary to encouraging and understanding the value chain that is whole.
Increasing consumer electronic devices and smart devices are the major factors driving the growth of the Electronic Manufacturing Services market further.Get Sample Report @ https://www.adroitmarketresearch.com/contacts/request-sample/845The well-established companies such as Foxconn, Flex, Wistron, and Benchmark Electronics are expanding their production facilities and investing in new countries to meet the growing supply-demand gap.
The government approved the firm’s proposed investment to make smartphones, Internet of Things products and biotech devices in the region, including Apple iPhones.
In March 2018, Foxconn Interconnect Technology announced the acquisition of Belkin and its Linksys and Wemo subsidiary brands for USD 866.0 million in cash, Belkin has been making cases and accessories.On the basis of services, the global electronic manufacturing services market is categorized into design services, testing services, manufacturing & production services, and others.
This sub-segment check identifies proper placement of the components, whether the joints are installed and soldered correctly and many other testing are done before manufacturing any product.
There are new designs and products coming the market with the shift in technology the companies are focusing on testing services which are expected to boost the market further in the coming years.Browse Complete Research Report @ https://www.adroitmarketresearch.com/industry-reports/electronic-manufacturing-services-marketBased on the end user industry, the global electronic manufacturing services market is fragmented into Telecom & IT, Consumer Electronics, Industrial, Automotive, Aerospace and Defense.
The countries have low labor cost and skilled labor due to which the companies are planning to expand EMS facilities which will positively impact the market.As of 2018, the market for electronic manufacturing services is fragmented with global and domestic players.
The Electronic Manufacturing Services Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the electronic manufacturing services market include Benchmark Electronics, Inc., Celestica, Inc., Compal Electronics, Inc., Creating Technologies LP, Fabrinet, Flextronics International, Ltd., Hon Hai Precision Industry Co., Ltd., Jabil Circuit, Inc., Plexus Corporation, Sanmina Corporation, Venture Corporation Limited.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electronic Manufacturing Services Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/electronic-manufacturing-services-market/download-sampleMarket DynamicsAn increasing outsourcing activity by electronics OEMs across the globe is driving the market growth.
In addition to this, EMS providers offer a highly efficient and cost-effective solution to the OEM’s that helps in saving the production and operational cost.
Further, the medical industry is expected to witness a remarkable growth owing to the increasing adoption of medical devices.
The new research report titled "Medical Device Contract Manufacturing Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the medical device contract manufacturing market include Benchmark Electronics, Inc., Celestica, Creganna Medical, Flextronics, Greatbatch, Inc., Jabil Circuit, Nortech Systems, Inc., Symmetry Medical Inc., Vention Medical, and West Pharmaceutical Services, In..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Medical Device Contract Manufacturing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-device-contract-manufacturing-market/download-sampleMarket DynamicsThe rapidly growing medical devices market across the globe is primarily driving the market growth.
Along with this, the impact of industry 4.0 on the medical devices industry is further fuelling the market demand.
SEP 07 2020: The global Electronic Contract Manufacturing and Design Services market size is expected to reach USD 788.9 billion by 2027, registering a CAGR of 8.5% over the forecast period, according to a new study by Grand View Research, Inc.
The electronics industry is highly competitive in nature owing to the increasing complexity of electronic products and rising pressure on OEMs for reducing costs.
Moreover, decreased product lifecycles have upped the demand for better contract manufacturing capabilities and related services.
To achieve the same, OEMs are seeking support from contract manufacturers, which in turn, is driving the market over the forecast period.OEMs subcontract with Electronics Manufacturing Service (EMS) companies and benefit from their expertise in design, manufacturing, and supply chain management.
Furthermore, reduced initial investments and increased operational efficiencies allow OEMs to focus on their core competencies.
Thus outsourcing is a preferred option to keep pace with increasing competition.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/electronic-contract-manufacturing-and-design-services-market/request-sampleThe market is projected to witness significant growth due to rising demand from end-use industries, including healthcare, aerospace and defense, IT and Telecom, and automotive.
