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December 5, 2022 | Globe NewswireEstimated reading time: 1 minute
In the changed post COVID-19 business landscape, the global market for Telecom Electronic Manufacturing Services (EMS) estimated at US$141. 5 Billion in the year 2020, is projected to reach a revised size of US$228.
4 billion by 2027, growing at a CAGR of 7.1% over the analysis period 2020-2027. Electronic Manufacturing, one of the segments analyzed in the report, is projected to record a 8% CAGR and reach US$90 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Supply Chain Management segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $41.4 Billion, While China is Forecast to Grow at 6.7% CAGR
The Telecom Electronic Manufacturing Services (EMS) market in the U.S. is estimated at US$41.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$40.2 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.
Electronic Design & Engineering Segment to Record 7.4% CAGR
In the global Electronic Design & Engineering segment, USA, Canada, Japan, China and Europe will drive the 7.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.3 Billion in the year 2020 will reach a projected size of US$28.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
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