Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global Telecom Electronics Manufacturing Services Market Size, Share & Trends Analysis, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
This market analysis report on the global telecom electronics manufacturing services (EMS) highlights significant growth and provides detailed insights into the market's evolving landscape. Forecasted to reach an impressive USD 339.7 billion by 2030, the telecom EMS market is set to experience a robust compound annual growth rate (CAGR) of 7.4% over the period from 2023 to 2030. This sector is expected to see transformative changes led by innovations in Internet of Things (IoT) technology and growing trends in wireless device penetration.
Service Segmentation and Regional Dominance
The comprehensive report underscores the pivotal role that outsourcing plays in telecom EMS market growth, driven by an acute focus on cost efficiency and competitive positioning. The analysis segments the market into diverse services, including:
- Electronics Manufacturing
- Electronics Engineering
- Electronics Assembly
- Supply Chain Management
In the year 2022, electronics manufacturing services led the market with a 44.5% share, reflecting the global telecom players' need for large-scale production assistance. On the other hand, electronic design and engineering services are expected to surge at a CAGR of approximately 9.3% until 2030, pushed by the need for technological adaptation and innovation.
Asia Pacific Leads, Boosted by Electronics Production
Asia Pacific's market dominance is projected to sustain throughout the forecast horizon. A key factor propelling the growth in this region is the uptick in electronics production, particularly in Southeast Asia, buoyed by investments from major electronics entities.
The report indicates that the competitively diverse telecom EMS market includes prominent service providers that offer a breadth of solutions, enabling Original Equipment Manufacturers (OEMs) to channel their focus on core competencies and strategic initiatives.
Market Dynamics and Competitive Landscape
Within the evolving telecom sector, organisations are met with the challenge to perpetually update and upgrade their service offerings. This has prompted a strategic shift toward subcontracting non-core activities - amplifying the demand for telecom EMS. The global market analysis not only explores these shifts but also sheds light on how companies are diversifying to offer wide-ranging solutions.
With IoT pinpointed as a burgeoning trend, its implementation is foreseen to bolster the telecom industry's revenue streams and aid in the expansion of infrastructure - further driving the market's rise over the upcoming years. The extensive report also details the escalating mobile connectivity that has seen a sharp increase in recent times and is set to continue its upward trajectory, positively influencing the telecom EMS market.
Companies Profiled
- FLEX Ltd.
- Jabil Inc.
- Plexus Corp.
- Benchmark Electronics, Inc.
- Celestica Inc.
- COMPAL Inc.
- Creation Technologies L.P.
- Fabrinet
- Foxconn Technology
- Sanmina Corporation
- Venture Corporation Limited
Key Attributes
| Report Attribute | Details |
| No. of Pages | 108 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $191.8 Billion |
| Forecasted Market Value (USD) by 2030 | $339.7 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/fcbkf3
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