Global Sourcing Spotlight: The Importance of Cooperative Partnerships
The Knowledge Base: The Pivotal Role of Solder Paste
Standard of Excellence: The Advantages of Working With Small PCB BusinessesGlobal 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.
Share on:
Suggested Items
EDA Market to Grow $8.7 Billion (2024-2028) with AI's Rising Impact on Trends
09/19/2024 | PRNewswireThe market is estimated to grow at a CAGR of 10.26% during the forecast period. Growing significance of eda in electronic design process is driving market growth, with a trend towards machine learning disrupting global eda market
Global PC Monitor Market Delivers Third Consecutive Quarter of Growth in Q2 2024
09/18/2024 | IDCThe global PC monitor market ended the second quarter of 2024 with 5.9% growth in unit shipments compared to the same quarter a year ago.
ROCKA Solutions Announces Strategic Partnership with Asteria to Support Global Expansion
09/18/2024 | ROCKA SolutionsROCKA Solutions is proud to announce a new strategic partnership with Asteria Sales & Marketing. This collaboration will provide additional professional resources to sustain and enhance ROCKA’s remarkable growth across the USA and internationally.
Taiwan's PCB Industry Sees Growth, Optimism for Q2 2024
09/18/2024 | TPCATaiwan’s PCB industry recorded a total output value of NT$372.2 billion in the first half of 2024, bolstered by strong demand in AI servers, satellite communications, and vehicle electronics. Industry experts remain optimistic about continued growth for the remainder of the year.
Singapore PC Market Shrank 7.7% YoY, Shipping 216 Thousand Units in 2Q24
09/17/2024 | IDCSingapore’s traditional PC market (inclusive of desktops, notebooks, and workstations) recorded 216 thousand units in 2Q2024, with a drop of 7.7% year-over-year (YoY), according to recent data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.