The global electronics manufacturing services market is expected to register an incremental growth of USD 118.49 billion, witnessing a CAGR of over 4% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the electronics manufacturing services market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Electronics Manufacturing Services Market 2020-2024 (Graphic: Business Wire)
Get detailed insights on COVID-19 pandemic Crisis and Recovery analysis of Electronics Manufacturing Services market. Download free report sample
Amid the COVID-19 Crisis, the Revaluated and Updated Electronics Manufacturing Services Market Report Says:
- The electronics manufacturing services market will witness a Positive and Superior impact during the forecast period owing to the extensive rise of COVID-19 pandemic.
- Due to the extensive spread of the virus across the globe, the Information Technology industry is anticipated to have Mixed and Direct impact
- Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show At Par growth due to the increase in infections and reduced economic activity.
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Electronics Manufacturing Services Market Segmentation and Competitive Analysis
Electronics manufacturing services market is segmented by geography (APAC, Europe, MEA, North America, and South America) and end-user (computing and consumer appliances, telecommunication, industrial, automotive, healthcare, and other end-users). The increasing adoption of smart manufacturing has been an instrumental factor in influencing the growth of the electronics manufacturing services market. Other market driver include the rising penetration of big data analytics in the manufacturing industry.
The market is fragmented. The report analyzes the market’s competitive landscape and offers information on several market vendors, including Benchmark Electronics Inc., Celestica Inc., Creation Technologies LLC, ESCATEC Sdn. Bhd., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Jabil Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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Reasons to Buy the Report:
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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