Global EMS and ODM Market Research Report 2023-2030: Expanding IoT Ecosystem Creates Growth Opportunities for Electronics Manufacturing Services & Original Design Manufacturing
DUBLIN, Sept. 22, 2023 /PRNewswire/ -- The "EMS and ODM: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global EMS and ODM Market to Reach $1.4 Trillion by 2030
The EMS and ODM industry is abruptly reshaping the current business landscape, projected to grow into a US$1.4 Trillion market by 2030. Grasp the opportunity to stay ahead of industry trends, analyze competitive strategy, and anticipate growth opportunities with this thorough market research report.
The global market for Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) is poised for significant growth, with revenues expected to increase steadily over the forecast period from 2022 to 2030. This positive trend follows a period of steady expansion from 2017 to 2022, and the market is set to continue its growth trajectory from 2023 to 2030. Factors contributing to this growth include geographical trends in regions such as the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World.
Consumer devices, computers, and various other applications play crucial roles in driving the market's revenues. The EMS and ODM market exhibit promising prospects, with players competing in terms of annual revenues.These trends indicate a positive outlook for the EMS and ODM market, highlighting its growth potential in the coming years.
EMS, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$1 Trillion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the ODM segment is readjusted to a revised 8.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $61.9 Billion, While China is Forecast to Grow at 10.2% CAGR
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Chart your company's progress and anticipate potential challenges with the rich, comparative data sourced from relevant industry leaders such as Flex Ltd., Jabil Inc., and Pegatron Corporation.
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 242 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/xfn67a
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SOURCE Research and Markets