The Telecom Electronic Manufacturing Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Telecom Electronic Manufacturing Services Global Market Report 2024, The telecom electronic manufacturing services market size has grown strongly in recent years. It will grow from $194.25 billion in 2023 to $207.40 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to industries embrace digital communication, the burgeoning demand for seamless connectivity and the proliferation of mobile devices, emergence of digital technologies, namely AI, IoT, and cloud computing, increasing demand for telecom infrastructure, and customization and flexibility.
The telecom electronic manufacturing services market size is expected to see strong growth in the next few years. It will grow to $273.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising adoption of 5G technology, growing urbanization and infrastructural activities, rising demand for mobile phones, products, and intelligent electronic devices, growth in global internet usage, and focus on core competencies. Major trends in the forecast period include technological innovations in manufacturing, digital transformation across industries, Need For Customized, high-quality electronic components to support digital infrastructure development and connectivity initiatives, introduction of 5G-enabled smartphones and telecom equipment, and integration of artificial intelligence (AI), internet of things (IoT), and advanced networking solutions.
The rising adoption of 5G technology is expected to propel the growth of the telecom electronic manufacturing services market going forward. 5G technology is the fifth-generation mobile network technology designed to significantly enhance wireless communications’ speed, capacity, and reliability. The rising adoption of 5G technology is due to the exponential growth in data consumption, improving the user experience for activities such as video conferencing, remote work, and augmented/virtual reality applications. The adoption of 5G technology will revolutionize telecom electronic manufacturing services by enhancing connectivity, enabling advanced automation, improving data analytics, optimizing supply chains, and fostering innovation. For instance, in February 2023, according to T-Mobile International AG, a Germany-based mobile telecommunications company, there were more than 1 billion active 5G subscriptions in 2023, which is expected to reach 5 billion by the end of 2028. Therefore, The rising adoption of 5G technology drives the telecom electronic manufacturing services market.
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The telecom electronic manufacturing services market covered in this report is segmented –
1) By Service: Electronic Design And Engineering, Electronics Assembly, Electric Manufacturing, Supply Chain Management, Other Services
2) By Technology: Printed Circuit Board Assembly, Surface Mount Technology, Through-Hole Technology
3) By Application: Large Enterprise, Medium Enterprise, Small Enterprise
Major companies operating in the telecom electronic manufacturing services market are focused on technological advancements such as electronic design automation (EDA) solutions to streamline the design process, enhance product development efficiency, and reduce time-to-market for new telecommunications equipment. Electronic design automation (EDA) solutions are software tools used to design and check complex electronic systems such as integrated circuits (ICs) and printed circuit boards (PCBs). For instance, in March 2024, HCL Technologies Limited, an India-based information technology (IT) consulting company, in partnership with NetApp, a US-based infrastructure company, launched an electronic design automation (EDA) solution to accelerate EDA workloads in the cloud. The Key features include accelerating EDA implementations in the hybrid cloud, streamlining the semiconductor design process, managing growing data volume and workflow complexities, optimizing IT environments and managing infrastructure orchestration, transforming operations and building resilience, and delivering the EDA solution in various consumption models.
The telecom electronic manufacturing services market report table of contents includes:
1. Executive Summary
2. Telecom Electronic Manufacturing Services Market Characteristics
3. Telecom Electronic Manufacturing Services Market Trends And Strategies
4. Telecom Electronic Manufacturing Services Market – Macro Economic Scenario
5. Global Telecom Electronic Manufacturing Services Market Size and Growth
………….
32. Global Telecom Electronic Manufacturing Services Market Competitive Benchmarking
33. Global Telecom Electronic Manufacturing Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Telecom Electronic Manufacturing Services Market
35. Telecom Electronic Manufacturing Services Market Future Outlook and Potential Analysis
36. Appendix
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