According to the latest report by IMARC Group, titled "Telecom Electronic Manufacturing Services (EMS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global telecom electronic manufacturing services (EMS) market is expected to grow at a CAGR of 6.4% during 2022-2027. Telecom electronic manufacturing services (EMS) are generally offered by companies to improve the overall telecom infrastructure. These solutions involve producing, designing, testing, distributing and repairing electronic assemblies and components for original equipment manufacturers (OEMs). Some of the commonly supported devices and telecommunication protocols include computing devices and equipment, data storage, servers and routers, fiber optic devices, transceivers and transmitters, data centers and radio frequency (RF) and microwave systems. These solutions are gaining traction across the globe as they play an important role in the improvements of the electronics value chain of the telecom sector.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Telecom Electronic Manufacturing Services (EMS) Market Trends:
The global market is primarily driven by significant growth in the telecommunication industry. Along with this, continual technological advancements in the sector due to rapid digitization are providing a thrust to the market. In line with this, the widespread adoption of wireless and radio frequency (RF) devices for numerous telecom applications is creating a positive market outlook. In addition to this, the increasing acceptance of 5G technology, coupled with the escalating need for advancing the internet of things (IoT) technology, is considered to be other major growth-inducing factors. Moreover, the growing utilization of smart electronic devices, such as laptops and smartphones, among the masses is impacting the market growth favorably. Apart from this, the rising deployment of telecommunication electronics in automobiles is further propelling the demand for telecom EMS across the globe. Other factors, including rapid urbanization, the growing collaborations between leading players and extensive research and development (R&D) activities conducted by key players, are positively influencing the market.
- On the basis of the service, the market has been segmented into electronic design and engineering, electronics assembly, electronic manufacturing, supply chain management and others.
- Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Benchmark Electronics Inc., Celestica Inc., Compal Inc., Creation Technologies LP, FLEX LTD., Hon Hai Precision Industry Co. Ltd., Jabil Inc., Plexus Corporation, Sanmina Corporation, Venture Corporation Limited and Wistron Corporation.
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