Global Electronic Manufacturing Services Market: Things to Focus on to Ensure Long-term Success 2020-2026

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Global Electronic Manufacturing Services Market
Things to Focus on to Ensure Long-term Success
2020-2026
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Industry Overview

• Accordingly, to Global Market Insights research
  report global Electronic Manufacturing Services
  Market is projected to record a lucrative rate of
  growth over the forecast timespan. The addition
  of industrial robots for the purpose of smart
  manufacturing effectively increases operational
  performance while also limiting the level of
  human intervention thereby achieving
  cost-effectiveness, which would complement
  industry outlook.
• As per a research report by Global Market
  Insights, Inc., electronic manufacturing services
  market is estimated to exceed 650 billion
  valuation by 2026.
• With the advent of new technologies and
  innovations, various new trends are being
  introduced that are likely to drive the
  proliferation of EMS across different industrial
  sectors. With many industries embracing
  automation, the demand for smart devices is
  likely to go up tremendously and promote growth
  of the electronic manufacturing services market
  landscape.
• The rise in smart devices enhances efficiency by
  decreasing human error as well as the time
  required for moving the product from design to
  final production. Moreover, improved analytics is
  further enabling EMS companies to develop smart
  solutions and also fine-tuning their respective
  processes with real-time data.

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• electronic manufacturing services market based on
  service, in 2019, the logistics services segment
  accounted for a market share of over 5 and is
  further anticipated to grow at a CAGR of more
  than 3 over the projected time period. Several
  electronic manufacturing services providers are
  also investing in activities such as logistics
  and transportation.
• They are making these investments in order to
  achieve timely delivery and effectively eliminate
  the service defects that happen due to improper
  transportation which impact their brand image.
  Moreover, electronic manufacturing services
  market increasing trend of technical products at
  a high cost has further led consumer electronics
  manufacturers to go in for third-party,
  independent logistics services. This in turn will
  help firms in maintaining fast delivery along
  with improving their worldwide presence.
• electronic manufacturing services market in terms
  of application, the medical healthcare
  application segment is likely to witness a growth
  rate of more than 4 CAGR over the forecast
  timeframe. The growth is mainly ascribed to
  increasing digitalization of medical devices and
  surgical machinery in the sector.

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Growth Drivers

• Growing need to shorten the time to market
• Growing penetration of smartphones and smart
  devices
• Production shift to countries in Asia Pacific
  with low labor cost
• Growing opportunities in medical device
  manufacturing in North America and Europe
• Rising trend of outsourcing by OEMs to enhance
  productivity
• Increasing electrification in vehicles and rising
  shift towards electric vehicles
• Proliferation of smart home devices in developing
  nations

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• The competitive landscape of the global
  Electronic Manufacturing Services Market is
  inclusive of players such as Toshiba Corporation,
  Vertiv, Co., Huawei Technologies Co., Ltd.,
  Siemens AG, Schneider Electric SE, Mitsubishi
  Electric Corporation, Eaton Corporation, and ABB
  Ltd. among others.

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