By Daniel Webster, dWeb.News Publisher
DUBLIN–(BUSINESS WIRE)–The “EMS and ODM – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for EMS and ODM estimated at US$588.7 Billion in the year 2020, is projected to reach a revised size of US$958.6 Billion by 2026, growing at a CAGR of 8.5% over the analysis period.
EMS, one of the segments analyzed in the report, is projected to grow at a 9% CAGR to reach US$759.8 Billion by the end of the analysis period. After an in-depth analysis of the economic consequences of the pandemic, and the resulting economic crisis, the ODM segment’s growth rate is adjusted to 7.5% for the next seven years. This segment currently accounts for a 29.2% share of the global EMS and ODM market.
Contract manufacturers are able to offer production-related economies, procurement of raw material, industrial design expertise and resource pooling in order to support the EMS model. They also provide value added services like repairs and warranty. ODM has seen a rise in popularity in the mobile phone and personal computer sector due to increased commoditization.
The U.S. Market is Estimated at $58.5 Billion in 2021, While China is Forecast to Reach $366.7 Billion by 2026
The EMS and ODM market in the U.S. is estimated at US$58.5 Billion in the year 2021. China currently holds 9.3% of the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$366.7 Billion in the year 2026 trailing a CAGR of 9.5% through the analysis period.
Canada and Japan are two other notable geographic markets that are expected to grow at 6.6% and 7.6%, respectively, over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR while Rest of European market (as defined in the study) will reach US$402.1 Billion by the end of the analysis period.
Asia Pacific is a major market. Its growth is driven by the labor-intensive countries in the region. China is Asia Pacific’s largest market for electronic contract manufacturing services. It has abundant raw material and low-cost labor. North America’s EMS market growth will be driven by the existence of many medical institutions in the region and extensive research and development activities.
Select Competitors (Total 242 Featured):
Compal Electronics, Inc.
Hon Hai Precision Industry Co. Ltd. (Foxconn)
New Kinpo Group
Quanta Computer, Inc.
Shenzhen Kaifa Technology Co., Ltd.
UMC Electronics Co., Ltd.
Universal Scientific Industrial (Shanghai) Co., Ltd.
Venture Corporation Limited
Zollner Elektronik AG
Key Topics Covered:
II. EXECUTIVE 1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
Pandemic Causes Significant Disruption to Electrical & Electronics Equipment Market
An Introduction to EMS and ODM Services
Electronic Manufacturing Services (EMS)
Original Design Manufacturing (ODM)
Major End-Use Markets
Global Market Prospects & Outlook
Recent Market Activity
2. SELECT PLAYERS HTML3_3. MARKET TRENDS & DRIVERS
Consistent Demand for Consumer Electronics to Continue Presenting Opportunities for the EMS & ODM Market
Surging Sales of Mobile Devices: A Promising Growth Sector for the Market
Rising Importance of Healthcare Electronics to Fuel Market Growth
Medical Electronic Manufacturing Services Providers Witness Increased Opportunities
Growth in Vehicle Electronification and Rise in Demand for Automotive Electronics, Driving EMS and ODM Market
Recovery in Car Sales to Shore Up Demand for Auto Electronic Components, Presenting Opportunities for EMS Market
Amidst Climate Change Concerns, the Inevitable Shift Towards Electric Vehicles Enhances Importance of EMS Companies
Boom in Connected and Autonomous Vehicles Presents Opportunities for EMS Market
Shift towards Industry 4.0 Drives Need for Changes in Operations of EMS Companies
Expanding IoT Ecosystem Creates Growth Opportunities for EMS and ODM Market
Rising Penetration of Big Data Analytics in EMS Industry
Emerging Technologies Revolutionize EMS and ODM Market
AI and ML for Electronics Manufacturing Supply Chain
Impact of Major Technological Trends on the EMS and ODM Market
Notable Trends in the Global EMS Market
Significant EMS Adoption in Electronics Design and Engineering Services Space
Telecom Electronics Manufacturing Services (EMS) Market: An Overview
Key Challenges Facing EMS and ODM Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/i848d7
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