It’s Only Common Sense: You’ve Got to Hustle
Dan’s Biz Bookshelf: ‘Brand Hijack: Marketing Without Marketing’
Telecom EMS Sector Embraces Green Manufacturing Practices
December 6, 2024 | Globe NewswireEstimated reading time: 1 minute
The global market for Telecom Electronic Manufacturing Services (EMS) was estimated at US$213.4 Billion in 2023 and is projected to reach US$319.5 Billion by 2030, growing at a CAGR of 5.9% from 2023 to 2030.
What Factors Are Driving the Growth in the Telecom EMS Market?
The growth in the Telecom EMS market is driven by several factors, including increasing demand for telecom infrastructure, rising deployment of 5G networks, and the need for cost-efficient manufacturing solutions. Advancements in EMS technology, such as automation, precision testing, and advanced design capabilities, have supported broader applications in telecom components. The focus on reducing production costs, improving quality assurance, and accelerating time-to-market has further fueled demand, as EMS providers offer specialized expertise in high-volume manufacturing. Additionally, growing investments in network expansion, expanding IoT applications, and increased adoption of fiber optic networks have contributed to market growth, encouraging the use of EMS in the telecom sector.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Electronic Manufacturing Service segment, which is expected to reach US$127.6 Billion by 2030 with a CAGR of a 6.8%. The Supply Chain Management Service segment is also set to grow at 5.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $58.0 Billion in 2023, and China, forecasted to grow at an impressive 5.6% CAGR to reach $50.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Share on:
Suggested Items
Siemens Extends Veloce Hardware-assisted Verification Support of EPGM Ethernet to 1.6 Tbps
12/18/2024 | SiemensSiemens Digital Industries Software announced today an extension of its Veloce™ hardware-assisted verification platform to support 1.6 Tbps Ethernet. As a core component of the Siemens software/hardware and system validation platform, Veloce delivers complete virtual models to support Ethernet Packet Generator and Monitor (EPGM) Ethernet port speeds up to 1.6 Tbps.
Incap’s Christmas Jumper Day Raises Donations for Charity
12/18/2024 | IncapGB200 Rack Supply Chain Requires Further Optimization, Peak Shipments Expected Between 2Q25 and 3Q25
12/18/2024 | TrendForceAs the market closely follows the progress of NVIDIA’s GB200 rack-mounted solution, TrendForce’s latest research indicates that the supply chain requires additional time for optimization and adjustment.
Wearables to Face Continued Growth While Giving Way to New Form Factors
12/18/2024 | IDCGlobal shipments for wearables are on track to grow 6.1% by the end of the year, reaching 538 million units according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Curtiss-Wright Announces New $100 Million Expansion of 2024 Share Repurchase Program, Raises Minimum Annual Repurchase Plan to $60 Million for 2025
12/17/2024 | Curtiss-Wright CorporationCurtiss-Wright Corporation announced a $100 million expansion of its 2024 share repurchase program, which it expects to complete via a 10b5-1 program by the end of the year.