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Global EMS and ODM Market to Reach $1 Trillion by 2027
November 11, 2022 | PRNewswireEstimated reading time: Less than a minute
Amid the COVID-19 crisis, the global market for EMS and ODM estimated at US$588.7 Billion in the year 2020, is projected to reach a revised size of US$1 Trillion by 2027, growing at a CAGR of 8.5% over the period 2020-2027. EMS, one of the segments analyzed in the report, is projected to record 9% CAGR and reach US$759.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Odm segment is readjusted to a revised 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $55.8 Billion, While China is Forecast to Grow at 9.5% CAGR
The EMS and ODM market in the U.S. is estimated at US$55.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$402.1 Billion by the year 2027 trailing a CAGR of 9.5% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
The "EMS and ODM - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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