The Latin America, Middle East and Africa Electronic Manufacturing Services (EMS) Market would witness market growth of 8.7% CAGR during the forecast period (2023-2030).
An increasing number of emerging technologies, including peripheral computing, AI, and the Internet of Things (IoT), are being supported by EMS providers. These technologies require specialized electronic components and systems, and EMS plays a critical role in their design, manufacturing, and deployment. Whether it's the production of IoT sensors, AI hardware accelerators, or edge computing devices, EMS providers contribute to realizing these transformative technologies.
Additionally, Industry 4.0 has ushered in a new era for the EMS market, characterized by integrating smart manufacturing technologies. EMS providers are progressing to integrate data analytics, the Internet of Things (IoT), and automation into their operations to optimize production processes, reduce disruptions, and increase operational efficiency. This trend aligns with the broader shift towards intelligent, interconnected manufacturing ecosystems.
The UAE government's commitment to developing a smart and sustainable healthcare ecosystem has resulted in various initiatives and policies. According to the report titled Investing in Healthcare in UAE, released by the UAE Ministry of Economy, the Middle East and North Africa's healthcare sector will increase from US $144 billion in 2020 to $243 billion by 2023, and Dubai's healthcare sector will play a crucial role in this rise. Additionally, According to the International Trade Administration (ITA), the gross domestic product (GDP) of South Africa's automotive industry as a whole was 4.3% in 2021 (2.4% manufacturing and 1.9% retail). As the largest manufacturing sector in the economy, the production of vehicles and automotive components contributed a significant 18.7% of value-added to the domestic manufacturing output, maintaining the industry's position as a major player in South Africa's industrialization process. Thus, rising healthcare and automotive sectors in the LAMEA region will assist in expanding the regional market.
The Brazil market dominated the LAMEA Electronic Manufacturing Services (EMS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,122 million by 2030. The Argentina market is showcasing a CAGR of 9.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Electronic Manufacturing Services (EMS) Market is Projected to reach USD 796.3 Billion by 2030, at a CAGR of 7.1%
Based on Service, the market is segmented into Electronics Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services, and Others. Based on Industry, the market is segmented into Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace & Defense, Healthcare, IT & Telecom, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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