Electronic Manufacturing Services Market Revenue To Break Through

Selbyville, Delaware, March 10, 2022 (GLOBE NEWSWIRE) —

The electronics manufacturing services market the size is expected to register a valuation of USD 750 billion by 2028, according to the most recent study by Global Market Insights Inc.. The growth of the market is attributed to the growing demand for advanced robotics, avionics subsystems and drones in the aerospace and defense sector. OEMs operating in the aerospace and defense industry depend on EMS vendors to procure engineering, logistics, and aftermarket services for high-end electronics used in aircraft. The proliferation of unmanned aerial vehicles (UAVs) in developed economies, such as the United States, China, Germany, and Japan, will further enhance the market expansion.

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The test and development implementation segment captured more than 10% of the electronics manufacturing services market share in 2021 and is expected to grow at a growth rate of 4.5% through 2028, driven by the growing demand to produce reliable and efficient components to avoid breakdowns and uneven operation. This service helps companies to deliver high quality products to their end customers in the market. The increasing complexity of devices is driving the demand for test equipment and implementation development in industry. Various players are focusing on launching electronic test equipment, which can be integrated into electronic manufacturing facilities.

The consumer electronics applications segment in the electronics manufacturing services market accounted for 20% of revenue share in 2021 and is expected to register a CAGR of 5.5% by 2028. The growth is driven by the growing demand for consumer electronic devices in developing economies. Various consumer electronics devices, such as smartphones, tablets, smartwatches, smart TVs, and wearable electronics are seeing high penetration due to increased consumer awareness and lower product prices.

The European electronics manufacturing services market is expected to grow at a CAGR of over 5.5% through 2028, propelled by the growing gaming hardware industry in the UK. According to the March 2021 press release from the Association for UK Interactive Entertainment (UKIE), the UK video games industry held $9.33 billion in 2020, with an annual growth rate of over 29.9% per year. compared to 2019. The game console hardware segment exceeded USD 1.13 billion in 2020, with an annual growth rate of 74.8% in 2020 compared to 2019. Widespread acceptance of digital PCs, VR/AR, game consoles and other gaming hardware across the UK will drive the market.

Some of the major players operating in the market are Foxconn, Compal Electronics, Inc., Jabil, Inc., FLEX LTD, Inventec, Quanta Computer Inc., Fabrinet, Keytronic, Sparton Corporation, Sanmina Corporation, and Wistron Corporation. These companies are constantly focused on securing new contracts and manufacturing orders from OEMs to outperform their competitors.

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Some of the key findings of the Electronic Manufacturing Services Market report include:

  • The increasing adoption of advanced security systems in passenger cars will create strong growth opportunities in the market. Industry leaders are focused on high-volume manufacturing of advanced safety systems, such as lane departure warning systems, adaptive cruise control and advanced telematics, which will increase the market value during of the forecast period.
  • The engineering services segment is expected to witness a high growth rate over the forecast period owing to the increasing demand for application-specific and customized electronic devices by OEMs. The establishment of dedicated engineering centers in various geographies by EMS vendors will drive the expansion of the industry.
  • Rising demand for medical robots in the healthcare sector due to COVID-19 is one of the major factors fueling the growth of the industry. Hospitals are integrating advanced medical robots to monitor patients remotely and efficiently to prevent the spread of the virus. These robots are integrated with multiple ICs, sensors, PCBs and other semiconductor components, thus meeting the market demand for EMS vendors.
  • The COVID-19 pandemic has had a moderate impact on the electronics manufacturing services market. The growing trend of online education and work-from-home policies has increased the demand for various computing hardware including laptops, desktops/PCs, and tablets during the pandemic. IT OEMs have outsourced manufacturing services from EMS vendors to expedite customer orders required during the pandemic.
  • The Asia-Pacific region observes a high share of the industry due to the presence of several raw material and component suppliers in the region. Favorable government policies to support consumer electronics manufacturing in countries such as India, Japan, Taiwan, and China will boost the progress of the industry.

Table of contents (ToC) of the report:

Chapter 3 Electronic Manufacturing Services Market Overview

3.1 Industry Segmentation

3.2 Corona Virus (COVID-19) Pandemic Market Impact Analysis

3.2.1 Global outlook

3.2.2 Impact by region

3.2.3 Industry value chain

3.2.4 Competitive landscape

3.3 Industry Ecosystem Analysis

3.3.1 Supplier of raw materials and components

3.3.2 EMS providers

3.3.3 OEM

3.3.4 Supplier matrix

3.4 Technology and innovation landscape

3.4.1 Outsourcing production design

3.4.2 Manufacturing integration

3.4.3 Big Data and IoT

3.4.4 3D printing

3.5 Regulatory landscape

3.6 Industry impact forces

3.6.1 Drivers of growth

3.6.2 Industry Pitfalls and Challenges

3.7 Analysis of growth potential

3.8 Porter’s analysis

3.9 PESTEL analysis

Browse Full Table of Contents (ToC) @

https://www.gminsights.com/toc/detail/electronic-manufacturing-services-ems-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


        

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