Global Telecom Electronic Manufacturing Services (EMS) Market to Reach $286.9 Billion by 2030
The global market for Telecom Electronic Manufacturing Services (EMS) estimated at US$191.4 Billion in the year 2023, is expected to reach US$286.9 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. Electronic Manufacturing Service, one of the segments analyzed in the report, is expected to record a 6.8% CAGR and reach US$116 Billion by the end of the analysis period. Growth in the Supply Chain Management Service segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $58 Billion, While China is Forecast to Grow at 5.6% CAGR
The Telecom Electronic Manufacturing Services (EMS) market in the U.S. is estimated at US$58 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$50 Billion by the year 2030 trailing a CAGR of 5.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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