- Rise in increasing demand for EMS technology in the telecom sector and increased government initiatives have boosted the growth of the global telecom electronic manufacturing service market.
PORTLAND, Oregon, July 13, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Telecom Electronic Manufacturing Service Market by Product Type (Computing Devices & Equipment, Servers & Routers, RF & Microwave, Fiber Optic Devices, Transceivers & Transmitters, and Others), and Service (Electronic Design and Engineering, Electronics Assembly, Electronics Manufacturing, Supply Chain Management, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global telecom electronic manufacturing service industry was pegged at $137.37 billion in 2019, and is projected to reach $209.17 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Drivers, restraints, and opportunities
Rise in demand for EMS technology in the telecom sector, surge in demand for electronics devices in the developed and emerging nations, and increased government initiatives have boosted the growth of the global telecom electronic manufacturing service market. However, high labor costs in the manufacturing sector hamper the market growth. On the contrary, increase in adoption of 5G technology coupled with advancements in Internet of Things (IoT) technology would open new opportunities for the market players.
Download Full PDF Brochure: https://www.alliedmarketresearch.com/request-sample/6906
Covid-19 scenario: The outbreak of Covid-19 has boosted the growth of the global telecom electronic manufacturing service market.
- Remote working, video conferencing, and increase in demand for telecommunication technology during the pandemic have positively affected the market growth.
- The increased demand for streaming services such as Netflix has increased demand for telecom electronic manufacturing services.
Transceivers and transmitters segment dominated the market
By product type, the transceivers and transmitters segment held the largest share in 2019, accounting for nearly one-fourth of the global telecom electronic manufacturing service market, owing to growth in need for data transfer capacity and storage processing for the telecommunication network. However, the servers & routers segment is projected to manifest the highest CAGR of 7.6% during the forecast period, due to increasing adoption of IoT technology and 5G infrastructures in the telecom industry.
Connect With Our Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/6906
Supply chain management segment to manifest highest CAGR through 2027
By service, the supply chain management segment is projected to portray the highest CAGR of 7.9% during the forecast period, as SCM allows companies to manage better demand, deal with disruptions, carry the right amount of inventory, keep costs to a minimum and meet customer demand in the most effective way possible. However, the electronic manufacturing segment held the largest share in 2019, accounting for around one-third of the global telecom electronic manufacturing service market, owing to increasing demand for communication devices, continuously developing trend, and the expansion of wireless communication technology.
Asia-Pacific, followed by North America, held the largest share
By region, the global telecom electronic manufacturing service market across Asia-Pacific, followed by North America, held the lion's share in 2019, contributing to nearly half of the market, owing to rapid growth of industrialization, low operating cost, and increase in population coupled. In addition, increased investments by several companies in the form of facility expansions and investments in R&D fuels the market growth in this region. However, the market across LAMEA is expected to register the highest CAGR of 7.9% during the forecast period, due to the growth of the telecom EMS market in LAMEA and rapid developments in the Middle East in terms of infrastructure and technology.
Request Customized Report: https://www.alliedmarketresearch.com/connect-to-analyst/6906
Major market players
- Hon Hai Technology Group (Foxconn)
- Benchmark Electronics Inc.
- FLEX .LTD
- Plexus Corp
- Jabil Inc.
- Creation Technologies
- Celestica Inc.
- Pegatron Corporation
- Sanmina Corporation
- Wistron Corporation
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying:
Pre-Book Now with 10% Discount:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn and Twitter
SOURCE Allied Market Research