Low labor inputs, transaction links, proximity to markets, growing saturation in PC outsourcing, growing impetus in notebook PC manufacturing, a more diverse product mix and end markets are key factors contributing to high CAGR of Global EMS and ODM DEVICES Market during forecast period.
According to the current analysis of Reports and Data, the global EMS and ODM DEVICES market were valued at USD 574.10 Billion in 2020 and is expected to reach USD 800.19 Billion by year 2028, at a CAGR of 4.26 %. The study covers the in-depth analysis of ODM DEVICES (Original Design manufacturer) and EMS (Electronic Manufacturing services) and the challenges faced by them. An original design manufacturer (ODM DEVICES) is a company which designs and manufactures products according to the specifications given by other firm who ultimately brands it for sale. The ODM DEVICESs are in charge of research and development and has the capability to sell the product on their own, to other buyers or even as a “White label” (product sold under several names). For instance, consumer electronics such as chargers and mobile cases are examples for ODM DEVICES-created products. In the recent years, ODM DEVICESs have rapidly grown and most of them can handle production for multiple clients adequately, often providing a large chunk of overall production. On the other hand, EMS (Electronic manufacturing services) are contract manufacturers which create an electronic component, right from the beginning (design) to manufacturing, testing, distribution of the final approved product.
Major factors providing impetus to revenue growth of the global ICT market are increasing penetration of mobile devices such as smartphones, tablets, and smart watches, increased affordability and accessibility of the Internet for people worldwide, and rapid digitalization across various industrial sectors including banking & finance, telecommunications, education, healthcare, automotive, buildings & construction, agriculture, power & energy, and oil & gas. Other key factors expected to contribute to the global market revenue growth are rapid adoption of emerging technologies such as AI, machine learning, big data analytics, Internet of Things (IoT), and cloud computing in a wide range of industries, emergence of the 5G technology, rising demand for advanced Wi-Fi systems, increasing need for faster Internet services, and growing concerns about user data safety and privacy.
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local Original Design Manufacturers (ODM DEVICESs) in international trade and the role of Electronic Manufacturing Services (EMS) providers. ODM DEVICESs are typically utilized by foreign companies to manufacture goods based on their specifications and designs. Factors such as low labor costs, transactional links, and proximity to markets often drive the decision to work with ODM DEVICESs.
On the other hand, EMS providers offer comprehensive services throughout the entire lifecycle of electronic components. They are involved from the initial design stage to manufacturing, testing, and distribution of the final approved product. EMS providers also handle product repairs and offer additional services like shipping management, procurement assistance, and customer support.
The global EMS market is influenced by various factors, including the increasing saturation in PC outsourcing, the growing emphasis on notebook PC manufacturing, a diverse product mix, and expanding end markets for EMS firms. Companies like Panasonic, Hitachi, and Mitsubishi are key players in the global EMS industry.
It's worth noting that the information provided is accurate as of my last knowledge update in September 2021. Market dynamics and key players may have changed since then, so it's advisable to refer to the most recent sources for up-to-date information on the EMS market.
ODM DEVICESs are experiencing rapid growth in commoditized markets where their established products can be leveraged. They often specialize in manufacturing for the consumer and communication sectors, where there is a high demand for standardized products.
It is expected that ODM DEVICESs will continue to expand their market presence and potentially outpace EMS providers in the coming years. However, in order to achieve this, ODM DEVICESs will need to upgrade their technologies and explore different business models to stay competitive.
Adopting newer technologies is crucial for ODM DEVICESs to keep up with changing market demands and to offer innovative solutions to their customers. This may involve investing in research and development, acquiring new capabilities, or forming partnerships with technology providers.
Exploring various business models can also help ODM DEVICESs expand their market share. They may consider offering value-added services, such as product customization, software integration, or post-sales support, to differentiate themselves from competitors and provide a more comprehensive solution to their customers.
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Key Regional Markets Covered in the Report:
Top 10 Companies Operating in the Global EMS and ODM DEVICES Market:
Hon Hai industry, Pegatron, Flex, Wistron, Sanmina, Pegatron,Quanta Computer ,Compal Electronics, Inventec.
Further key findings from the report suggest
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