Worldwide EMS and ODM Market Status and Outlook 2022-2027
Tuesday, April 19, 2022
DUBLIN, April 11, 2022 /PRNewswire/ -- The "Global EMS and ODM Market Research Report (Status and Outlook)" report has been added to ResearchAndMarkets.com's offering.
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Electronics Manufacturing Services (EMS) is a term used for companies that test, manufacture, distribute, and provide return/repair services for electronic components and assemblies for original equipment manufacturers (OEMs).
The concept is also referred to as electronics contract manufacturing (ECM). An Original Design Manufacturer (ODM) is a company that designs and manufactures a product as specified and eventually rebranded by another firm for sale.
Such companies allow the firm that owns or licenses the Company to produce products (either as a supplement or solely) without having to engage in the organization or running of a factory.
According to the publisher, The EMS and ODM market is projected to witness a compound annual growth rate of 4.39% to grow to US$ 766.59 billion by 2027, from US$ 566.93 billion in 2020.
The market is expected to surge in the coming years due to the rise in the number of electric vehicles, cost reduction in the manufacturing process, and increasing investments in R&D.
With the increasing innovation and advancement of emerging technologies, such as 5G and the IoT, electronic component manufacturing and designing had been revolutionized. There has been a surge in the demand for electronics manufacturing services in the consumer electronics industry, because of its growing connectivity among its products, like gaming, audio, wearable, and virtual reality.
Increasing investments in the semiconductor industry are expected to play a major role in the overall market growth.
Key Topics Covered:
-- EMS and ODM Market Landscape
-- EMS and ODM Market Competitive Landscape
-- The Development and Dynamics of EMS and ODM Market
-- EMS and ODM Market Segmentation by Type
-- EMS and ODM Market Segmentation by Application
-- EMS and ODM Market Segmentation by Region
-- Key Companies Profiled
-- EMS and ODM Regional Market Forecast
-- Market Segmentation & Size Forecast (2022-2027)
Companies Mentioned
-- HONHAI
-- Pegatron
-- Quanta
-- Compal
-- Jabil
-- Flextronics
-- Wistron
-- Inventec
-- Luxshare
-- Wingtech
-- BYD Electronics
-- Huaqin
-- New KINPO
-- Sanmina
-- Qisda Corporation
-- Celestica
-- USI
-- PLEXUS
-- Kaifa
-- Benchmark
-- Zollner
-- SIIX
-- Venture
-- Fabrinet
-- MiTAC
-- Longcheer
-- UMC
For more information about this report visit https://www.researchandmarkets.com/r/g1xodj
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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View original content:https://www.prnewswire.com/news-releases/worldwide-ems-and-odm-market-status-and-outlook-2022-2027-301522636.html
SOURCE Research and Markets
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