Telecom Electronic Manufacturing Services Market Report 2024

Where is the largest and fastest growing market for telecom electronic manufacturing services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The telecom electronic manufacturing services market size has grown strongly in recent years. It will grow from $194.25 billion in 2023 to $207.4 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to industries embracing digital communication, increasing demand for seamless connectivity and the proliferation of mobile devices, the emergence of digital technologies such as AI, IoT, and cloud computing, rising demand for telecom infrastructure, and the emphasis on 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 anticipated growth in the forecast period can be attributed to the increasing adoption of 5G technology, expanding urbanization and infrastructural activities, growing demand for mobile phones, products, and intelligent electronic devices, global growth in internet usage, and a focus on core competencies. Key trends expected in the forecast period include technological innovations in manufacturing, digital transformation across industries, the need for customized high-quality electronic components to support digital infrastructure development and connectivity initiatives, the introduction of 5G-enabled smartphones and telecom equipment, and the integration of artificial intelligence (AI), internet of things (IoT), and advanced networking solutions.

The increasing adoption of 5G technology is anticipated to drive the growth of the telecom electronic manufacturing services market in the future. 5G, the fifth-generation mobile network technology, is designed to significantly improve the speed, capacity, and reliability of wireless communications. This adoption is fueled by the exponential rise in data consumption, enhancing user experiences in activities such as video conferencing, remote work, and augmented/virtual reality applications. 5G technology will transform telecom electronic manufacturing services by boosting connectivity, enabling advanced automation, enhancing data analytics, optimizing supply chains, and promoting innovation. For example, T-Mobile International AG, a Germany-based mobile telecommunications company, reported in February 2023 that there were over 1 billion active 5G subscriptions in 2023, with expectations to reach 5 billion by the end of 2028. Consequently, the growing adoption of 5G technology is driving the telecom electronic manufacturing services market.

Leading companies in the telecom electronic manufacturing services market are focusing on technological advancements such as electronic design automation (EDA) solutions to streamline the design process, enhance product development efficiency, and shorten the time-to-market for new telecommunications equipment. EDA solutions are software tools used to design and verify complex electronic systems such as integrated circuits (ICs) and printed circuit boards (PCBs). For instance, in March 2024, HCL Technologies Limited, an India-based IT consulting company, partnered with NetApp, a US-based infrastructure company, to launch an EDA solution that accelerates EDA workloads in the cloud. Key features include speeding up EDA implementations in the hybrid cloud, streamlining the semiconductor design process, managing growing data volumes and workflow complexities, optimizing IT environments and infrastructure orchestration, transforming operations, and building resilience, with delivery available in various consumption models.

In November 2021, Celestica Inc., a Canada-based electronics manufacturing services company, acquired PCI Private Limited for $220 million. This acquisition was a strategic move by Celestica to expand its portfolio by integrating PCI Private Limited's expertise in design, manufacturing, hardware platforms, and supply chain electronics manufacturing services. PCI Private Limited, a Singapore-based company, provides supply chain solutions and telecom electronic manufacturing services.

Major companies operating in the telecom electronic manufacturing services market are Foxconn Electronics Inc., Pegatron Corp, Jabil Inc., Flex Ltd., Sanmina Corp., Celestica Inc., Plexus Corp, Zollner Elektronik AG, Benchmark Electronics Inc., Fabrinet Company Ltd., Venture Corp Ltd., Dixon Technologies Ltd., Asteelflash Group, Creation Technologies, Ducommun Inc., Neways Electronics International N.V., Sparton Corp, Nortech Systems Inc., Sypris Electronics LLC, Avalon Technologies Inc., VTech EMS Inc., Katek Group.

Asia-Pacific was the largest region in the telecom electronic manufacturing services market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom electronic manufacturing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the telecom electronic manufacturing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Telecom electronic manufacturing services (EMS) refer to specialized services provided by contract manufacturers to the telecommunications industry. These services include the design, manufacturing, assembly, testing, and distribution of electronic components and systems customized specifically for telecommunications equipment. EMS providers in the telecom sector play a critical role by allowing telecom equipment manufacturers to concentrate on core competencies such as innovation and market strategy, while benefiting from the manufacturing expertise and scalability offered by their EMS partners.

Key services offered by telecom electronic manufacturing services include electronic design and engineering, electronics assembly, electric manufacturing, supply chain management, and others. Electronic design and engineering services involve the creation and development of electronic components and systems tailored to meet the unique requirements of the telecom industry. Various technologies such as printed circuit board assembly, surface mount technology, and through-hole technology are utilized across diverse applications including large enterprises, medium enterprises, and small enterprises.

The telecom electronic manufacturing services market research report is one of a series of new reports that provides telecom electronic manufacturing services market statistics, including telecom electronic manufacturing services industry global market size, regional shares, competitors with a telecom electronic manufacturing services market share, detailed telecom electronic manufacturing services market segments, market trends, and opportunities, and any further data you may need to thrive in the telecom electronic manufacturing services industry. This telecom electronic manufacturing services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The telecom electronic manufacturing services market consists of revenues earned by entities by providing services such as PCB assembly and manufacturing, design and engineering, supply chain management. The market value includes the value of related goods sold by the service provider or included within the service offering. The telecom electronic manufacturing services market also includes sales of networking equipment, fiber optic components, wireless communication devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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