Electronic Manufacturing Services Market Worldwide Analysis, Opportunities and Forecast To 2024

Boasting revenues of more than USD 450 billion in 2017, the global electronic manufacturing services market will eventually witness increased returns from the aforementioned sectors. EMS providers have enhanced manufacturing facilities and expertise, also offering additional services like testing and logistics to help OEMs and major consumer brands achieve better profit margins, lesser time-to-market and flexibility. Labor costs in developing economies, especially in the Asia-Pacific (APAC) region are considerably low, reinforcing the electronic manufacturing services industry expansion in countries like China, India and most South East Asian nations.

The steady demand for EMS across numerous industrial sectors will thus considerably encourage electronic manufacturing services market players to improve their product sales in the future. The development of adequate software solutions and enhanced abilities of EMS companies to expand their product offerings will also help major companies gain competitive benefits. Aided essentially by rapid technological transformations, electronic manufacturing services market will surpass revenue collection of USD 650 billion by the end of 2024.

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Recently, renowned electronic manufacturing services provider, SMTC Corporation completed a USD 5 million investment in terms of equipment and facility expansion across North America. Further, the company also announced that it has received an advance order of USD 15 million from the new customers. SMTC has thus successfully upgraded its capacity and has improved its product quality by doubling the box-build manufacturing capacity. SMTC’s smart tactic of retaining focus on the customers’ requirement for strengthening its position in the electronic manufacturing services market has thus helped it to emerge as a leader as far as flexibility and manufacturing excellence are concerned.

Issues related to the material supply have been threatening the companies in the electronic manufacturing services market. In this regard, to ensure the continuous accuracy for material allocation, completion of planned worked orders, spoilage, and accountability of the end product, most of the electronic manufacturing services industry companies have been deploying new software technologies at their workplaces. The integration of automation and smart technologies are proving to be rather beneficial for these firms.

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Elaborating further, Taiwanese company Foxconn, which is the world’s largest EMS provider, manufactures smartphones for Apple, computer equipment for Dell, Intel, HP and Microsoft, along with electronic devices for Sony, Google and Amazon. The company has set an example in the electronic manufacturing services industry for adopting innovative business models and creating a global presence. It had recorded a 50% growth in earnings during December 2017, mainly driven by the shipment of Apple’s flagship smartphone model, iPhone X. Simultaneously the APAC electronic manufacturing services market experienced accelerated growth due to increased production of smartphones launched by Chinese OEMs, such as Xiaomi.

Some Point from Table of Contents:

Chapter 4. Electronic Manufacturing Services Market, By Product
4.1. Key trends by product
4.2. Electronic manufacturing
4.2.1. Market estimates and forecast, 2013 – 2024
4.3. Engineering services
4.3.1. Market estimates and forecast, 2013 – 2024
4.4. Test & development implementation
4.4.1. Market estimates and forecast, 2013 – 2024
4.5. Logistics services
4.5.1. Market estimates and forecast, 2013 – 2024
4.6. Others
4.6.1. Market estimates and forecast, 2013 – 2024
Chapter 5. Electronic Manufacturing Services Market, By Application
5.1. Key trends by application
5.2. Computer
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. Consumer electronics
5.3.1. Market estimates and forecast, 2013 – 2024
5.4. Aerospace & defense
5.4.1. Market estimates and forecast, 2013 – 2024
5.5. Medical & healthcare
5.5.1. Market estimates and forecast, 2013 – 2024
5.6. Automotive
5.6.1. Market estimates and forecast, 2013 – 2024
5.7. Others
5.7.1. Market estimates and forecast, 2013 – 2024

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