According to a new report, published by KBV research, The Global Telecom Electronic Manufacturing Services Market size is expected to reach $331.5 billion by 2030, rising at a market growth of 7.3% CAGR during the forecast period.
The Electronic Manufacturing segment led the Global Telecom Electronic Manufacturing Services Market by Type in 2022; thereby, achieving a market value of $141.2 billion by 2030. Original Equipment Manufacturers (OEMs) are capitalizing on the trend of subcontracting product design and development to achieve two significant benefits: a transition from fixed to variable costs and a decrease in overall expenses. Many telecommunications electronic contract manufacturers prioritize expanding their operations by introducing new services that offer increased profit margins. During the forecast period, this initiative by electronic manufacturers is anticipated to propel segment growth.
The Transceivers & Transmitters segment is growing at a CAGR of 5.5 % during the forecast period. Transceivers and transmitters are integral components of base stations in cellular networks, supporting the transmission and reception of signals to and from mobile devices. These components are incorporated into networking equipment, such as routers and switches for wired and wireless communication. In fiber optic communication, transceivers are used at both ends of the optical link to enable the conversion between electrical and optical signals.
The Asia Pacific region dominated the Global Telecom Electronic Manufacturing Services Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $157 billion by 2030. The North America region is anticipated to grow at a CAGR of 6.5% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/telecom-electronic-manufacturing-services-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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Companies Profiled
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