Electronic Manufacturing Services Market Global Forecast to 2025 by Services, Procedure, Region, End Users, Leading Companies, Technology | Adroit Market Research
Electronic Manufacturing Services Market to Hold 8.1% CAGR Over the Forecast Period. Increasing consumer electronic devices & smart devices are the major factors driving the growth of the EMS Industry further
Dallas, United States – April 27, 2021 /MarketersMedia/ —
The demand for outsourcing to third-party manufacturing service providers has risen as businesses aim to reduce inventory, warehouses, and infrastructure as part of their manufacturing operations, and move the balance of their capital assets toward sales and marketing, as well as R&D. Electronic component design and assembly have been transformed with the introduction of implementation and miniaturization of new developments in the IIoT (Industrial Internet of Things) and enhanced connectivity provided by 5G. For instance, 5G communication base stations introduced better antenna technologies, such as MIMO, which resulted in an increase in the number and efficiency of radiating components.
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Furthermore, as a manufacturer’s current capability is fully used, they often switch to outsourcing to fund their growth plans. In most cases, when moving globally, a manufacturer’s inability to procure assets for a new production plant forces them to switch to EMS suppliers. For example, when Rohde & Schwarz needed additional manufacturing resources to continue its expansion, it turned to outsource. Benchmark’s ability to overcome difficult technological problems, as well as its robust supply chain capability was chosen.
Owing to the growing connectivity among its different products, such as audio products, games, wearables, and even virtual reality, the EMS market is projected to see huge adoption in the consumer electronics industry. The digitalization of the market necessitates the use of sophisticated electronics and capabilities, as well as high-level networking. As a result, EMS is being extensively adopted in the consumer electronics industry.
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Designing, prototyping, innovation, mass development, and end-to-end product lifecycle services are all types of high-end electronic manufacturing services for consumer electronics. Market goods may benefit from services that make them work together and deliver to their full potential. However, the global coronavirus epidemic is predicted to trigger a brief pause in the electronics manufacturing industry.
Leading players of the global electronic manufacturing services market include Creation Technologies, Flextronics International, Integrated Microelectronics, Inc., Jabil Circuit, Inc., Key Tronic EMS, Celestica, Kimball Electronics, Inc., Plexus Corp, ESCATEC, Sanmina Corporation, Sparton Corporation, Foxconn, Venture Corporation Limited. Additionally, well-established companies such as Foxconn, Wistron, Flex, and Benchmark Electronics are expanding their production facilities and investing in new countries to meet the growing supply-demand gap.
Some Major Points from TOC
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Market Outlook
Chapter 4 Electronic Manufacturing Services Market Overview, By Services
Chapter 5 Electronic Manufacturing Services Market Overview, By End User Industry
Chapter 6 Global Electronic Manufacturing Services Market Overview, By Region
Chapter 7 Company Profiles
7.1 Benchmark Electronics, Inc.
7.2 Celestica
7.3 Creation Technologies
7.4 ESCATEC
7.5 Flextronics International
7.6 Foxconn
7.7 Integrated Microelectronics, Inc.
7.8 Jabil Circuit, Inc.
7.9 Key Tronic EMS
7.10 Kimball Electronics, Inc.
7.11 Plexus Corp.
7.12 Sanmina Corporation
7.13 Sparton Corporation
7.14 Venture Corporation Limited
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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