The North America Telecom Electronic Manufacturing Services Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
Organizations that manufacture printed circuit board (PCB) assemblies and electronic components (components) on behalf of original equipment manufacturers (OEMs) undertake electronic manufacturing services (EMS). These electronic devices and PCBs are widely used in the telecom sector. Some companies require only a design file from the customer before proceeding to the product, sourcing the components from a trusted distributor, and assembling and testing the product. Alternatively, EMS providers specializing in assembly may require the customer to provide the design, the components necessary for manufacturing, and an assembled sample.
Subcontracting and contract manufacturing are crucial components of the telecommunications industry. Conventional telecommunications manufacturers are redirecting their attention towards endeavours that provide the utmost value to their clientele. Concurrently, they subcontract tasks for which they lack the necessary fundamental competencies. This trend is expected to have a positive impact on the expansion of the market. There are numerous advantages to subcontracting, including a shorter time to market, access to cutting-edge manufacturing technologies and logistical capabilities, and lower capital expenditures. It is expected to be a significant market-driving factor throughout the forecast period.
According to Statistics Canada, in Canada, the contribution to GDP by the mobile telecommunication industry was 28.0 billion dollars in 2021. Telecom EMS providers contribute to manufacturing these essential elements that support expanded mobile network connectivity. The mobile telecommunication industry in Canada is working towards expanding network coverage, including in rural and remote areas. This expansion requires specialized equipment manufacturing, and EMS providers are instrumental in producing infrastructure to support extended coverage. These aspects will boost market growth in the coming years.
The US market dominated the North America Telecom Electronic Manufacturing Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $54,585 million by 2030. The Canada market is experiencing a CAGR of 8.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8% during (2023 - 2030).
Based on Type, the market is segmented into Electronic Manufacturing, Electronics Assembly, Electronic Design & Engineering, Supply Chain Management, and Others. Based on Product, the market is segmented into Transceivers & Transmitters, Servers & Routers, RF & Microwave, Computing Devices & Equipment, Fiber Optic Devices, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Telecom Electronic Manufacturing Services Market is Predict to reach USD 331.5 Billion by 2030, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Flex Ltd, Jabil, Inc., Plexus Corporation, Benchmark Electronics, Inc., Celestica, Inc., Compal Electronics, Inc., Creation Technologies LP, Hon Hai Precision Industry Co., Ltd., Venture Corporation Limited and Sanmina Corporation
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