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Electronic Manufacturing Services Market: Definition
Businesses that develop, produce, test, supply, and offer repair solutions for electronic parts, printed circuit boards (PCBs), and components for original equipment manufacturers (OEMs) are referred to as electronics manufacturing services (EMS) industry providers. The procurement intelligence report on EMS solutions outlines a projected development trajectory of 7-9% for the industry between 2022 and 2025. Also, the electronic manufacturing services industry has grown significantly and is expected to be valued at $597.99 billion by 2022, according to ELINT Market Research’s latest study.
Electronic Manufacturing Services Market: Growth Driving Factors
The original equipment manufacturers (OEMs) can boost productivity and focus on crucial duties like research and development (R&D) with the help of various kinds of value-added engineering and production outsourcing services provided by distinct vendors operating in the global electronic manufacturing services (EMS) market. These are the main factors propelling the worldwide EMS market.
Electronic Manufacturing Services Market: Challenge
Customer tastes also evolve along with technology. Electronics businesses must have efficient launch procedures in place if they want to stay competitive. This is a big challenge in the industry.
Electronic Manufacturing Services Market: Opportunity
The creation of subassemblies, contract producers’ functional evaluation, and the increasing functionality of quality circuit boards are the key aspects that pose opportunities in the worldwide EMS market. In addition, the development of novel end-use areas such as the Internet of Things (IoT) is expected to contribute to accelerating the technological progress of the market.
Electronic Manufacturing Services Market: Leading Regions
With a 41% revenue share, the Asia Pacific region is leading in the global electronic manufacturing services procurement intelligence market. China is a prominent contributor in the region because of its lower maintenance costs, greater supply of goods, and faster delivery times than other nations.
Electronic Manufacturing Services Market: Key Manufacturers
1. Emerson
Emerson Electronics Producers was founded in 1890 and has vastly developed as a dominant enterprise that provides products for the home and business segments alongside its industrial devices segment. Climate technology, electronic devices, software, and machinery automation are included in prominent offerings of this organization.
2. Broadcom
Broadcom Corporation is a San Jose, California-based advanced electronics company that was established in 1961. The organization offers networking and transmission products both wired and wireless. Numerous big sectors, namely data centers, mobile, communication, voice, and video employ its products.
3. LG
LG Electronics is a South Korean electronics production firm that operates in the global electronic manufacturing services procurement market. It was founded in 1947 by Koo In-hwoi. Some of its fundamental products are mobile phones, clothes washers, air conditioners, fridges, and TVs.
4. InYantra
Among the several producers in the industry, InYantra is a well-known brand for PCB assembly in Pune, India in 2002. Printed circuit boards, or PCBs, are becoming indispensable in both commercial and consumer electronics sectors.
5. Motorola Mobility
Motorola was established in 2011 in Chicago, Illinois, and is renowned as an innovator in the development of electronic technology. As per statistics, transistors were its first product; following with, it created a method to link alternating currents to direct-current transmitters.
6. Sanmina
Among the top suppliers of combined electrical devices worldwide, the Sanmina Corporation was formed in 1980. It provides OEM services across multiple industries, including cloud, transmissions, automobiles healthcare, military, and aerospace.
7. Rogers
Rogers Corporation is one of the top producers of electronics worldwide and was established in 1832. It creates products with specialized engineering for a range of uses. Prominent items offered by Rogers include rapid connectivity digital components, highly reliable engineered materials, etc.
8. ABB
Founded in 1988, ABB has emerged as the top engineering firm in the globe, specializing in power supply and automation products. It has over 105,000 workers and its headquarters is located in Zurich, Switzerland. Also, the corporation is present in several worldwide nations.
9. EATON
EATON electronics manufacturers founded in the United States and incorporated in Dublin, Ireland contain key products for energy, hydraulics, and mechanical system management. The business produces and markets several types of goods all over the world.
10. Dolby Laboratories
Dolby Laboratories was established in 1965 in the U.K. and is a pioneer in the fields of image technologies, noise management, and sound contraction. Numerous residential and commercial multimedia equipment use this technology.
Conclusion:
Companies that provide electronics manufacturing services have a big role in shaping the PCB and electrical device industries. They strive to make the laborious portion of the procedure easier by providing their products. You can now assess various EMS companies according to your demands with the aid of our guide. Get in touch with our team to learn more about the specific trends of the EMS solutions provider market.
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