Global Telecom Electronic Manufacturing Services (EMS) Market is valued approximately USD 155.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.0 % over the forecast period 2020-2027. The Telecom Electronic Manufacturing Services companies design, manufacture, assemble, and test electronic components and printed circuit board (PCB) assemblies for original equipment manufacturers (OEMs) that are widely used in the telecom sector. Electronic Manufacturing Service provider offers additional onsite services, such as PCB etching, or offer these services via another contractor. These services further assemble radio frequency identification devices (RFID) and other telecommunication and wireless technologies.
The rising demand for mobile phones, telecom products as well as smart electronic devices are the few factors responsible for growth of the market over the forecast period. For instance: as per Statista, the number of smartphone users worldwide was 2.9 billion in 2018 and is expected to rise to 3.8 billion users in 2021. Around 66% of individuals adopts smartphone in 2018, an increase from 63% in 2017 and 58% in 2016, globally, as per Zenith’s Mobile Advertising Forecasts 2017. Similarly, In Asia-Pacific, China holds the highest number of smartphone users with 1.3 billion users as compared to 530 million users in India, according to Zenith’s Mobile Advertising Forecasts 2017.
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However, the United States is also a significant player in the smartphone market with around 223 million users in 2017. Moreover, it is estimated that ownership of desktop/laptop among the adults in the United States is approximately 74% in 2019, an increase from 73% in 2018, as per the Statista. Due to growth of consumer electronic, it is depicted that need of electronic manufacturing service is surged thereby, increasing the adoption of Electronic Manufacturing Service in the telecom industry. However, high labor costs in the manufacturing sector is the major factor restraining the growth of global Telecom Electronic Manufacturing Services (EMS) market during the forecast period.
The regional analysis of global Telecom Electronic Manufacturing Services (EMS) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the existing electronic production hub for almost a decade owing to low labor cost and this factor has played a pivotal role in the dominance of the region over the past few years.
Major market player included in this report are:
Benchmark Electronics, Inc.
Compal Electronics, Inc.
Creation Technologies LP
FLEX LTD. (formerly Flextronics)
Hon Hai Precision Industry Co., Ltd.
Jabil Circuit, Inc.