Telecom EMS Market Is Expected to Expand at $266.42 Billion By 2027 “The global telecom electronic manufacturing services (EMS) market size is anticipated to account for USD 266.42 billion by 2027. The market is projected to register 7.3% CAGR over the forecast years 2020 to 2027. Rapid development in the telecom sector is estimated to be a key factor driving the market growth.”
Global Telecom Electronic Manufacturing Services (EMS) Market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Telecom electronic manufacturing services (EMS) industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Telecom electronic manufacturing services (EMS) barriers, and feasibility study are the vital aspects evaluated in this report. The global telecom electronic manufacturing services (EMS) market size is anticipated to account for USD 266.42 billion by 2027. The market is projected to register 7.3% CAGR over the forecast years 2020 to 2027. Rapid development in the telecom sector is estimated to be a key factor driving the market growth. In addition, mobile connectivity has increased considerably in the recent past along with wireless devices. Further, this trend is anticipated to continue over the next few years, thereby, anticipated to bolster the market growth. Electric manufacturing segment accounted for the highest growth in 2019. Increasing focus by OEMs to outsource product design and development services is driving the segment growth. Outsourcing helps manufacturers to focus on their core competencies and stay ahead in the highly competitive market. On the other hand, electronic design and engineering services segment is predicted to witness the maximum growth from 2020 to 2027. Asia Pacific emerged as the leading shareholder in the global telecom EMS market in 2019 due to the increasing outsourcing activities by OEMs. The region is also a major hub for electronic product and anticipated to retain its leading position over the forecast duration. Countries such as China, India, Japan and Vietnam are contributing to the growth of the region.
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