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The global telecom electronic manufacturing services (EMS) market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The global telecom electronic manufacturing services (EMS) market is currently witnessing strong growth. Telecom electronic manufacturing services (EMS) refer to the subcontracting services offered to telecom equipment manufacturers. They include manufacturing, designing, distributing, testing and returning or repairing electronic components, printed circuit boards (PCB) and other assemblies for the original equipment manufacturers (OEM). These services are commonly utilized as a supplement to or a replacement of company-owned manufacturing operations. They offer various benefits to the manufacturers, such as quick product launch to the market, access to high-end logistics and cutting-edge technology and a substantial reduction in the overall capital investments.
Significant growth in the telecommunications industry and the rapid modernization of the existing industrial systems are among the key factors creating a positive outlook for the market. The contract manufacturing service providers offer various core manufacturing and ancillary activities, which enable the OEM to focus on their core competencies and enhance the overall efficiencies. In line with this, the growing number of internet users across the globe is further leading to the increasing requirement for faster and advanced telecommunication services, thereby favoring the market growth. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), cloud computing, artificial intelligence (AI) and machine learning (ML) solutions, are acting as other growth-inducing factors. These technologies enable the smooth manufacturing of novel mobile devices and can be conveniently combined with 5G base station chips. Other factors, including extensive research and development (R&D) activities, along with significant improvements in the wireless communication infrastructure, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom electronic manufacturing services (EMS) market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and service.
Breakup by Service:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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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