Latest Research Report on Telecom Electronic Manufacturing Services (EMS) Market begins with a deep introduction and then delves broad into specific segments such as raw material, application, end user, and region, policy study, value chain structure, and upcoming trends in particular segments or regions. The report on Telecom electronic manufacturing services (EMS) prepare a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global telecom electronic manufacturing services
(EMS) market size is anticipated to account for USD 266.42 billion by 2027. The
market is projected to register 7.3% CAGR over the forecast years 2020 to 2027,
as per a new report by Million Insights. Rapid development in the telecom
sector is estimated to be a key factor driving the market growth. In addition,
mobile connectivity has increased considerably in the recent past along with
wireless devices. Further, this trend is anticipated to continue over the next
few years, thereby, anticipated to bolster the market growth.
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Electric manufacturing segment accounted for the highest
growth in 2019. Increasing focus by OEMs to outsource product design and
development services is driving the segment growth. Outsourcing helps
manufacturers to focus on their core competencies and stay ahead in the highly
competitive market. On the other hand, electronic design and engineering
services segment is predicted to witness the maximum growth from 2020 to 2027.
Asia Pacific emerged as the leading shareholder in the
global telecom EMS market in 2019 due to the increasing outsourcing activities
by OEMs. The region is also a major hub for electronic product and anticipated
to retain its leading position over the forecast duration. Countries such as
China, India, Japan and Vietnam are contributing to the growth of the region.
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