Portland, OR, Aug. 26, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global telecom electronic manufacturing service market generated $137.37 billion in 2019, and is estimated to reach $209.17 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Rising demand for EMS technology in the telecom sector and government initiatives such as “Make in India” toward development of telecom eletronics drive the growth of the global telecom electronic manufacturing service market. However, high labor cost associated with manufacturing of electronics products is anticipated to restrain the growth of the market. Furthermore, growing adoption of 5G technology is expected to provide new growth opportunities during the forecast period.
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Covid-19 scenario:
- Major telecom electronic manufactrurers across the globe have paused their production activities due to disrupted supply of raw materials from suppliers located in Southeast Asian countries and China amid the lockdown.
- Due to Covid-19 pandemic, companies have allowed their employees to work from home, due to which, the demand for internet routers has been surged significantly.
The report offers a detailed segmentation of the global telecom electronic manufacturing service market based on product type, service, and region.
Based on product type, the transceivers and transmitters segment contributed to the largest share in 2019, accounting for nearly one-fourth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the servers and routers segment is estimated to portray the highest CAGR of 7.6% during the forecast period.
Based on service, the electronics manufacturing segment accounted for the largest share in 2019, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the supply chain management segment is expected to register the highest CAGR of 7.9% from 2020 to 2027.
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Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 7.9% from 2020 to 2027.
Leading market players analyzed in the research include Benchmark, Flex Ltd, Plexus Corp, Jabil Inc., Creation Technologies, Celestica Inc., Pegatron Corporation, Sanmina Corporation, Wistron Corporation, and Hon Hai Technology Group (Foxconn).
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