Market Analysis
The global EMS And ODM Market will reach USD 1106.3 billion at a favorable 8.62% CAGR by 2025, states the latest Market Research Future (MRFR) report.
Drivers
Growing Demand for Consumer Electronics Products to Boost Market Growth
The growing need for consumer electronics products will boost market growth over the forecast period. Consumer electronics have immense dependency on ODM companies and EMS firms to improve the manufacturing of consumer electronics products. Various OEMs of consumer electronics need contract manufacture products near regions where such products are sold.
Key Players
Eminent industry players profiled in the global EMS and ODS market report includeFoxconn Technology Co. Ltd (Taiwan), New Kinpo Group (Taiwan), Universal Scientific Industrial Co., Ltd (China), Shenzhen Kaifa Technology Co., Ltd (China), Venture Corporation Ltd (Singapore), Zollner Elektronik AG (Germany), UMC Electronics Co., Ltd (Japan), Flex Ltd (Singapore), Jabil Inc. (US), and Sanmina Corporation (US), among others.
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Opportunities
Expanding Semiconductor Industry to offer Robust Opportunities
The rapidly expanding semiconductor industry will offer robust opportunities for the market over the forecast period.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost of EMS equipment and maintenance may act as market restraint over the forecast period.
Market Segmentation
The global EMS and ODS market is bifurcated based on product and application.
By product, the EMS segment will lead the market over the forecast period.
By application, the communication segment will dominate the market over the forecast period.
COVID-19 Analysis
The COVID-19 pandemic has impacted the EMS and ODS market significantly across the world. Its rapid spread has led to physical distancing and lockdowns in various countries that resulted in the disruption of supply chains & the closure of different manufacturing plants. Besides, the slowdown in the production of new products by the ODM companies has severely impacted the growth of the end use industries which have impacted market growth.
Industry players across the glove are focused in lowering operational costs for the market. The future manufacturing operations of these industry players in the post-lockdown period will boost market growth. The supportive government policies as well as lockdown relaxations will have a positive impact on the market growth. The adoption of remote working policies by key players for stopping the spread of the novel coronavirus at workplaces will influence the market growth. The demand for EMS and ODM products will go up for the increasing adoption of advanced technologies in the automotive and electronics sectors.
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Regional Analysis
APAC to Maintain Winning Streak in EMS and ODS Market
The APAC region will maintain its winning streak in the EMS and ODS Market over the forecast period. Increasing demand for consumer electronics and rapid technological advancement are adding to the global EMS and ODS market growth in the region.
North America to Have Favorable Growth in EMS and ODS Market
North America will have favorable growth in EMS and ODS market over the forecast period for the increasing innovations in consumer electronics products that caters to the increasing demand.
Europe to Have Significant Growth in EMS and ODS Market
Europe will have significant growth in the EMS and ODS market over the forecast period for increasing personal disposable income and the presence of countries such as the UK, France, Italy, and Germany.
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