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NEW YORK, USA, January 30, 2023 (GLOBE NEWSWIRE) — global electronic manufacturing services [EMS] Market size It will grow from US$500 billion in 2021 to US$790 billion by 2030, with a compound annual growth rate (CAGR) of 6% during the forecast period.Increasing Adoption of Electronics Manufacturing Services [EMS] In various industries such as computers, consumer electronics, aerospace and defense, medical and healthcare, automotive, semiconductor manufacturing and robotics,
Global economy: Analysis of rising recession risks and the impact of the conflict war between Russia and Ukraine have been added to the final premium report.
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electronics manufacturing services [EMS] Or contract manufacturing of electronic devices [ECM] The company provides design, manufacturing, testing, distribution, and return/repair services for electronic components, printed circuit board (PCB) assemblies, and assemblies for original equipment manufacturers (OEMs).The majority of electronic manufacturing services [EMS] The company focused on manufacturing printed circuit boards and relied on OEMs to assemble the systems.electronic manufacturing services [EMS] Companies largely neglected industries other than information processing (computers) and communications. In recent years, EMS providers have shifted to low-cost regions, embracing non-traditional industries such as consumer electronics, industrial, medical, and instrumentation, offering a wide range of capabilities, including everything from design and ODM to system assembly, testing, and delivery. Adding. , logistics, warranty and repair, network services, software and silicon design, and customer service. These initiatives are expected to boost his OEMs through strategic cooperation and joint efforts with market players to meet demand.
Browse 210 pages of key industry insights with the report’s 122 market data tables, charts and graphs. “global electronic manufacturing services [EMS] Market sizeShared, COVID-19 Impact Analysis, By Service Type (Electronics Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services, Others), By Application Type (Computers, Consumer Electronics, Aerospace & Defense, Medical & Healthcare, IT and Others), Telecoms, Automotive, Semiconductor Manufacturing, Robotics, Others), By Regions (North America, Europe, Asia Pacific, Latin America, Middle East, Africa), Analysis and Forecasts 2021 – 2030” in detail with table of contents.
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The electronics manufacturing segment is expected to witness a higher growth rate over the forecast period.
Global electronic manufacturing services based on service type [EMS] The market is segmented into electronic manufacturing, engineering services, test and development implementation, logistics services, and others. Among these, the electronic manufacturing segment is witnessing a higher growth rate over the forecast period. Increased adoption of smart home devices in developed countries, where the United States holds a major share of the market, is the main reason for the growth. Electronic manufacturing services include radio frequency and wireless device manufacturing, optoelectronic services, and microelectronic devices for today’s smart home trends.
The IT and telecom segment is witnessing significant CAGR growth during the forecast period.
Global Electronic Manufacturing Services Based on Application Type [EMS] The market is segmented into computers, consumer electronics, aerospace and defense, medical and healthcare, IT and telecoms, automotive, semiconductor manufacturing, robotics, and others. Among these, the IT and telecom segment is witnessing significant CAGR growth over the forecast period owing to initiatives imposed by governments across the globe. Additionally, the initiative has driven demand for computers, consumer electronics, and communication devices, accelerating global electronic manufacturing services. [EMS] Market for the IT & Telecom segment.
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Asia Pacific dominates the market with the largest market share of 41%.
Asia-Pacific dominates the market with a market share of 41% and is expected to continue its dominance during the forecast period. He is one of the leading providers of electronics manufacturing services in China. [EMS] With dominance in consumer electronics, semiconductors, and other communication equipment and equipment manufacturing industries, the expansion of players in the world and further in Asian countries is driving the growth of the market.
North America is expected to experience significant growth over the projected future. North America’s strong economic conditions allow it to invest heavily in research and development. Rising penetration framework of electronics and rapid development of infrastructure application electronics in conductors, solar devices, and sensors in high-end machines and spacecraft are expected to drive future market growth.
Competitor analysis:
This report mainly provides a proper analysis of the major organizations/companies involved in the global market along with comparative evaluation based on product offerings, business overview, geographical presence, company strategy, segment market share, and SWOT analysis. Offers. The report also provides an in-depth analysis focused on the company’s current news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and more. This allows for an assessment of the overall competition within the market. Companies Covered: Sanmina Corporation, Vinatronic Inc., Inventec, Hon Hai Precision Industry Co. Ltd, Bharat FIH – A Foxconn Technology Group, SIIX Corporation, Benchmark Electronics Inc., Flex Ltd, Quanta Computers Inc., Osram Opto Semiconductors GmbH, Kimball Electronics Inc., Jabil Inc., Celestica Inc., Wistron Corporation, General Electric Company, Argus Systems, Plexus Corporation, Sparton Corporation, Koninklijke Philips NV, Integrated Microelectronics Inc., Venture Corporation Limited, Elin Electronics Ltd, Rohm Semiconductor, Asteelflash, Creation Technologies LP, Key Tronics EMS, Fabrinet, COMPAL Inc., etc.
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Recent development
April 2021, Jabil Inc. announces the availability of Jabil PA 0600, an innovative new additive material, patent pending, that provides the high strength and stiffness needed for demanding aerospace, automotive and industrial manufacturing applications.
October 2021, Celestica Inc. has acquired PCI Private Limited, a Singapore-based electronics manufacturing services (EMS) provider to develop telematics, IoT, embedded systems and human-machine interfaces.
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