Press release
Global Telecom Electronic Manufacturing Services Industry Outlook 2025-2029: Market Set to Cross $290.43 Billion Milestone
Telecom Electronic Manufacturing Services
Telecom Electronic Manufacturing Services Market Size Growth Forecast: What to Expect by 2025?
The market size of telecom electronic manufacturing services has significantly expanded over the past few years. Predictions are that it will increase from $207.4 billion in 2024 to $221.72 billion in 2025, showing a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this historical growth include the adoption of digital communication by industries, a spike in demand for uninterrupted connectivity, an upsurge of mobile devices, the introduction of emerging digital technologies such as AI, IoT, and cloud computing, augmented demand for telecom infrastructure, and flexibility and customization.
How Will the Telecom Electronic Manufacturing Services Market Size Evolve and Grow by 2029?
The market size of telecom electronic manufacturing services is projected to witness robust growth in the coming years, swelling to $290.43 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be traced back to factors like the ongoing rise in 5G technology adoption, escalating urbanization and infrastructural activities, increasing need for mobile phones, products, and smart electronic devices, the upsurge in global internet usage, and focus on expertise domains. The coming years will see trends like groundbreaking technological evolutions in manufacturing, a sweep of digital transformation in various industries, a demand for customized, high-grade electronic components to back digital infrastructure growth and connectivity schemes, debut of 5G-compatible smartphones and telecom gear, and the amalgamation of cutting-edge trends like artificial intelligence (AI), internet of things (IoT), and advanced networking solutions.
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What Drivers Are Propelling the Growth of Telecom Electronic Manufacturing Services Market Forward?
The telecom electronic manufacturing services market's growth trajectory is likely to be elevated owing to the increased uptake of 5G technology. Characterized by its potential to significantly boost the speed, capacity, and dependability of wireless communication, 5G technology is the newest generation of mobile networks. The key driver for this growing incorporation of 5G technology is the surge in data usage, which betters the user experience in areas like video calls, remote working, and applications involving augmented and virtual reality. These advanced capabilities of 5G are set to revolutionise the telecom electronic manufacturing services through improved connectivity, enhanced automation, superior data analytics, streamlined supply chains, and the promotion of innovation. As per T-Mobile International AG, a mobile telecommunications firm rooted in Germany, there were more than 1 billion active 5G connections in 2023, and this number is predicted to hit 5 billion by the close of 2028. Hence, the telecom electronic manufacturing services market is being fueled primarily by the surge in 5G technology adoption.
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Which Emerging Trends Are Transforming the Telecom Electronic Manufacturing Services Market in 2025?
Firms prominent in the telecom electronic manufacturing services market are focusing on technological innovation, such as electronic design automation (EDA) solutions, to simplify the design procedure, boost the effectiveness of product development, and minimize new telecommunications equipment's speed-to-market. Electronic design automation (EDA) solutions are software tools engineered to design and inspect complicated electronic systems like integrated circuits (ICs) and printed circuit boards (PCBs). To illustrate, in March 2024, India's HCL Technologies Limited, in association with NetApp, a US-based infrastructure firm, introduced an electronic design automation (EDA) solution to expedite EDA tasks in the cloud. The main attributes consist of hastening EDA executions in the hybrid cloud, simplifying the semiconductor design method, handling escalating data quantity and workflow difficulties, optimising IT scenarios and managing infrastructure orchestration, metamorphosing operations and enhancing resilience, and supplying the EDA solution in a variety of consumption models.
What Are the Key Segments in the Telecom Electronic Manufacturing Services Market?
The telecom electronic manufacturing servicesmarket covered in this report is segmented -
1) By Service: Electronic Design And Engineering, Electronics Assembly, Electric Manufacturing, Supply Chain Management, Other Services
2) By Technology: Printed Circuit Board Assembly, Surface Mount Technology, Through-Hole Technology
3) By Application: Large Enterprise, Medium Enterprise, Small Enterprise
Subsegments:
1) By Electronic Design And Engineering: Product Design, Prototyping, Hardware Development, Firmware And Software Development
2) By Electronics Assembly: Printed Circuit Board (PCB) Assembly, Surface Mount Technology (SMT) Assembly, Through-Hole Technology (THT) Assembly, System Integration
3) By Electric Manufacturing: Cable And Wire Harness Assembly, Power Supply Manufacturing, Battery Pack Assembly, Electronic Enclosure Manufacturing
4) By Supply Chain Management: Sourcing And Procurement, Inventory Management, Logistics And Distribution, Order Fulfillment, Demand Planning
5) By Other Services: Testing And Quality Assurance (QA), Packaging And Labeling, After-Sales Support And Maintenance, Repair And Refurbishment Services, Customization And Personalization
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Who Are the Key Players Shaping the Telecom Electronic Manufacturing Services Market's Competitive Landscape?
Major companies operating in the telecom electronic manufacturing services market are Foxconn Electronics Inc., Pegatron Corp, Jabil Inc., Flex Ltd., Sanmina Corp., Celestica Inc., Plexus Corp, Zollner Elektronik AG, Benchmark Electronics Inc., Fabrinet Company Ltd., Venture Corp Ltd., Dixon Technologies Ltd., Asteelflash Group, Creation Technologies, Ducommun Inc., Neways Electronics International N.V., Sparton Corp, Nortech Systems Inc., Sypris Electronics LLC, Avalon Technologies Inc., VTech EMS Inc., Katek Group
What Geographic Markets Are Powering Growth in the Telecom Electronic Manufacturing Services Market?
Asia-Pacific was the largest region in the telecom electronic manufacturing services market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom electronic manufacturing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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