Telecom Electronic Manufacturing Services (EMS) Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029 The Global Telecom Electronic Manufacturing Services (EMS) Market is likely to reach USD 245 billion by 2029 end and is expected to register a CAGR of over 9% during the forecast period 2019 to 2029. Traditional telecom manufacturers prefer to work on activities that focus on providing services of the highest quality to the consumers. On the other hand, they subcontract activities which do not require any core proficiencies which positively influences the market growth. Additionally, it provides exposure to leading manufacturing technologies and logistic capabilities coupled with a reduced capital investment which shall bolster the market growth. As the telecommunication business is highly technology-driven, an expansion of wireless communication shall propel the market growth further. The EMS market growth is also supported by significant economic growth and cascading demand for communication services. Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=2308&page=requestsample Insights on Global Telecom Electronic Manufacturing Services Market: By Region Asia Pacific North America Europe Latin America Rest of the World Asia Pacific region dominates the market and it is expected to do the same over the forecast period. OEMs outsource the product design process thus allowing them to concentrate on core proficiencies. This trend is gaining extensive momentum in this region thus bolstering the market growth. Moreover, Asia Pacific region has been the electronic production sector hub for more than a decade due to the low labour costs and this is the most pivotal factor that is responsible for this market region to be unsubdued during the forecast period. Many Southeast Asian countries are concentrating on making themselves as complex electronic product manufacturers. Vietnam is anticipated to arise as the next electronic component production hub due to hefty funds offered by tech giants like LG Electronics, Samsung Electronics thus increasing the country’s supply chain prominence. These are the major factors responsible for the augmentation of the market. By Service Electronic Design & Engineering Electronic Assembly Electronic Manufacturing Supply Chain Management Others The electronic design & engineering segment is likely to account the highest market share during the forecast period. Recent advancements in wireless communication and sensor technologies have increased the demand for EMS worldwide thus expanding the market further. Additionally, owing to increased consumer expectations, the electronic designing and manufacturing sector is making advancements so as to meet those requirements thus contributing to the growth of the market. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=2308&page=askfordiscount Competitive Landscape: Tier 1 players- established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants Wistron invested approximately USD 100 million to acquire lands in Bengaluru, India in order to build infrastructure to manufacture smartphones, biotech devices and IoT-based products. Foxconn, who manufacture Apple iPhones, acquired Belkin and its Wemo subsidiary brands and Linksys for approximately USD 870 in March 2018. Belkin makes Qi wireless chargers which were sold with the recent iPhone line up that supports Qi wireless charging. Key Market Players: Foxconn Flex Electronics Wistron Benchmark Electronics FutureWise Key Takeaways: The recent rise of the electronic production sector in the Asia Pacific region shall assist in the augmentation of the market significantly The ever-increasing consumer requirements regarding telecom technologies is a pivotal factor for the market to grow Objectives of the Study: To provide with an exhaustive analysis on the telecom electronic manufacturing services market by region, by service To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)— Asia Pacific, Europe, North America, Latin America and rest of the world To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
The Global Telecom Electronic Manufacturing Services (EMS) Market is likely to reach USD 245 billion by 2029 end and is expected to register a CAGR of over 9% during the forecast period 2019 to 2029. Traditional telecom manufacturers prefer to work on activities that focus on providing services of the highest quality to the consumers.
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