Telecom Electronic Manufacturing Services Market Size To Account $266.42 Billion By 2027 Due To Growing Wireless Communication And Technological Innovations

(MENAFN- GetNews) According to new report available with Million Insights, the global telecom electronic manufacturing services (EMS) industry report offers the most up-to-date data on current market scenario, trends and future outlook. This study provides numerous opportunities for market players to invest for research and development in the market.

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, as per a new report by Million Insights. 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.

To download the sample PDF of“ Telecom Electronic Manufacturing Services Market Report” please click here:

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.

To browse report summary & detailed TOC, please click the link below: 

Further key findings from the report suggest:

• Factors such as the growing need to reduce the overall cost and stay competitive in the market are driving the global market. 

• Electronic manufacturing occupied the highest share in the market in 2019.

• Asia Pacific held the highest share in the market in 2019 and projected to remain dominant over the forecast duration.

• Key players operating in the market are Flex, Ltd, Jabil Circuit, Benchmark Electronics and Plexus Corp among others.

Million Insights has segmented the global telecom EMS market on the basis of services and region:

Telecom EMS Service Outlook (Revenue, USD Billion, 2016 – 2027)

    • Electronic design & engineering

    • Electronics assembly

    • Electronic manufacturing

    • Supply chain management

    • Others

Telecom EMS Regional Outlook (Revenue, USD Billion, 2016 – 2027)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

        • France

    • Asia Pacific

        • China

        • India

        • Japan

        • Taiwan

        • South Korea

    • South America

        • Brazil

    • Middle East & Africa

Explore the Latest Market Research Reports by Million Insights:

•  Intelligent Virtual Assistant Market : With reference to the report published, the global intelligent virtual assistant market was prized by USD 5.82 billion in 2020. It is estimated to witness a 28.5% CAGR from 2021 to 2028.

•  Intravenous Solutions Market : The global intravenous solutions market was prized by USD 10.7 billion in 2020. It is estimated to witness a 7.9% CAGR from 2021 to 2028.

 About Million Insights     

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

MENAFN17092021003238003268ID1102814225