EMS and ODM Market – Overview
The increased production of printed circuit boards and electronic components is anticipated to promote the market’s growth in the forecast period. Reports that study the semiconductors and electronics industry have been offered by Market Research Future, which delivers reports on industry verticals that judge the market expansion and scenarios. An 8.62 % CAGR is projected to augment the market income to USD 1106.3 Billion by 2025.
The growing reliance on original design manufacturers is expected to bode well for the progress of the EMS and ODM market in the approaching years. Moreover, investment in production facilities is anticipated to motivate the market. Furthermore, the increasing availability of original equipment manufacturers is projected to influence the EMS and ODM market in the approaching forecast period.
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Competitive Analysis
The formation of beneficial commerce strategies by quite a few countries is anticipated to amend the market’s growth perspective. The market’s development is dictated by the influence of market forces at play. The geopolitical conflicts and strategies are further intensified by the power tussles in international governments. The developments in the manufacturing sector in terms of equipment and facility space are expected to bolster the market’s development in the forecast period. The market is right now experiencing a chapter of dramatic developments. The revolution noticed in the economies of numerous emerging nations is anticipated to push the market’s development in the forecast period. The need to stabilize the market conditions is expected to be a primary concern in the period of the forecast. Also, the consumer trends are anticipated to boost the market expansion in the coming years.
The main contenders of the EMS and ODM market globally are New Kinpo Group (Taiwan), Universal Scientific Industrial Co., Ltd (China), UMC Electronics Co., Ltd (Japan), Foxconn Technology Co. Ltd (Taiwan), Shenzhen Kaifa Technology Co., Ltd (China), Zollner Elektronik AG (Germany), Venture Corporation Ltd (Singapore), Flex Ltd (Singapore), Jabil Inc. (US) and Sanmina Corporation (US), among others.
Segmental Analysis
The segmental review of the EMS and ODM market is carried out on the basis of product, application, and region. On the basis of the product, the market for EMS and ODM is divided into ODM and EMS. On the basis of application, the EMS and ODM market is segmented into computer, communication, consumer, industrial, medical and others. Based on the Region, the EMS and ODM market is segmented into North America, Asia Pacific, Europe, and the rest of the world.
Detailed Regional Analysis
The regional evaluation of the EMS and ODM market includes regions such as Asia Pacific, North America, Europe, and the other regions. As per the stud, the Asia Pacific region is anticipated to control the EMS and ODM market in the forecast period owing to the increasing demand for consumer electronics in the region, which has contributed to speedy technological developments. As a result, the initial equipment manufacturers are endlessly introducing ground-breaking products in the consumer electronics market to supply to the rising demand.
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Industry Updates:
Oct 2019 Soracom, Inc., an international supplier of smart connectivity for the Internet of Things (IoT), and Teltonika, an important European creator and producer of networking devices for IoT, industrial, and M2M applications, recently announced a partnership intended to hasten the accessibility of Teltonika 4G LTE routers and gateways in the North American region.Teltonika is renowned in the European region as an important player along with other services in its portfolio comprising of electronics design and manufacturing services.
Oct 2019 Samsung Electronics recently shut its last Chinese smartphone factory and will continue manufacturing smartphones in China, subcontracting the work to an original design manufacturer (ODM). Samsung will carry on selling made in China phones in the Chinese market via ODM manufacture.
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