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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.
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