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Telecom Electronic Manufacturing Services Market Size, Share, Opportunities, And Trends By Service (Design & Engineering, Manufacturing, Assembly, Testing, Others), And By Geography – Forecast From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612780 | Pages:  106

Telecom Electronic Manufacturing Services is designing and manufacturing of telecom electronics and providing related services on contract basis. The market for this is expected to have a significant growth driven by the rise in demand for communication devices and expansion of wireless communication. There is a trend of contract manufacturing or subcontracting in the telecom industry which is expected to positively affect the market growth. It offers a number of benefits such as reduced time to market, access to leading manufacturing technologies and reduced capital investment. The adoption of technological innovation is also expected to be a major driver for market growth. By service, the electronic design and engineering segment is expected to have a significant growth due to technological advancement and growing consumer expectation. By geography, the Asia Pacific region is estimated to have a considerable market share due to the outsourcing of product design and manufacturing of electronics and low cost of labour in the region.

DRIVERS

Rising demand for communication devices

Technological advancements

OPPORTUNITIES

Growth of telecommunication services and IoT application in emerging economies

INDUSTRY UPDATE

In March 2018, Taiwanese giant Foxconn, the company that manufactures the iPhone for Apple, bought accessory maker Belkin, as well as associated brands Wemo, Linksys and Phyn.

In June 2019, Apple Inc asked its largest suppliers to consider the feasibility of shifting 15% to 30% of its output from China to Southeast Asia. The suppliers include iPhone assemblers Foxconn Technology Group, Pegatron Corp. and Wistron Corp., MacBook maker Quanta Computer Inc., iPad maker Compal Electronics Inc. and AirPods makers Inventec Corp., Luxshare-ICT and GoerTek Inc.

SEGMENTATION

The telecom electronic manufacturing services market has been analyzed through the following segments:

By service

Design & engineering

Manufacturing

Assembly

Testing

Others

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

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