ODM Market Research Report By Forecast 2025 Industry Survey, Growth, Competitive Landscape and Forecasts to 2025
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
ODM Market Forecast To 2025 ODM Market Forecast To 2025
The global ODM Market 2020 can record a high growth rate of 8.62% between 2018 and 2025 (forecast period), asserts Market Research Future (MRFR). The market value in 2018 was USD 620.02 billion and has the potential to achieve a valuation of USD 1106.3 Billion by the year 2025. Growth Boosters and Main Barriers Electronics manufacturing services or EMS refers to those companies that test, manufacture, distribute, and offer repair services for electronic components as well as assemblies for original equipment manufacturers or OEMs. An original design manufacturer or ODM, on the other hand, refers to the company that designs as well as manufactures a product as instructed and rebranded by another company for sale. These companies allow the firm that owns the brand to manufacture products without getting involved with the organization.
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ODM Market Forecast To 2025 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on ODM Market Forecast To 2025�
At present, ODMs are progressing at a faster pace in highly matured sectors like telecommunication and consumer electronics. Its demand is lower in specialized sectors like automobile, industrial and defense sectors. Compared to EMS, OEM makes lower demand for ODM for contract manufacturing since OEMs have less control over designs of control boards, IP (Intellectual protection) rights, PCBs among others. Therefore, the ODM market can emerge as a significant competitor to the OEM market in the coming years. ODMs, find high favor among SMEs (small and medium-sized enterprises) as well as startups that have a low budget since ODMs possess their own design template. Currently, the EMS market is embracing non-traditional industries like medical, consumer electronics, industrial, and others. Moreover, they are offering design services in electrical as well as software design assistance. A number of consumer electronic products are being manufactured in China on account of rising availability of raw materials, quality, speed, as well as low maintenance costs. Cities like Shenzhen are turning into a significant industrial hub that attracts renowned consumer electronics companies like Apple.
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ODM Market Forecast To 2025 Global ODM Market Segmented on the basis of Product and application are the primary segments as per which the ODM Market has been studied in the MRFR report. The product-wise market segments discussed in the report are EMS as well as ODM. The EMS segment seized a higher share in the market in the year 2018 and was valued at USD 435.65 billion. The segment is also likely to achieve higher growth during the evaluation period. The ODM segment in 2018 gained a lesser share in the market as compared to EMS. The primary applications of EMS and ODM are computer, communication, medical, industrial, consumer, and more. The communication segment took over the leading position in 2018; and has the highest chance of attaining a better growth rate in the near future. The computer segment seized the second-highest share in the market, while other segments valued the least the same year. The communications industry consistently notes fast-paced technological advancements, with a rising number of smartphone manufacturers choosing EMS and ODM companies for outsourcing the designing as well as the development of their products.
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ODM Market Forecast To 2025 Global ODM Market - Geographical Analysis The global market for EMS and ODM has been regionally divided into Asia Pacific (APAC), Europe as well as North America, and the rest of the world (RoW). APAC exhibits signs of achieving the top position in the global market for EMS and ODM in the ensuing years. The mounting demand for consumer electronics and the subsequent technological advancements as led to strong market growth in the region. Therefore, a number of original equipment manufacturers are coming up with innovative products within the consumer electronics industry to satisfy the soaring demand of customers. This ultimately works in favor of the regional market. In North America, the thriving semiconductor industry, rising demand for computers as well as consumer products combined with the increasing number of small EMS providers benefit the market. The OEM and ODM providers in the region are focused on developing new and innovative products, in an attempt to enhance their market position. Acquisition, product launch, agreement and expansion are some of the significant strategies that are being adopted by the players, which stimulates the market expansion in the region.
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ODM Market Forecast To 2025 Global ODM Market - Competitive Analysis Zollner Elektronik AG (Germany), Universal Scientific Industrial Co., Ltd (China), Foxconn Technology Co. Ltd (Taiwan), Sanmina Corporation (US), Flex Ltd (Singapore), UMC Electronics Co., Ltd (Japan), Jabil Inc. (US), New Kinpo Group (Taiwan), Venture Corporation Ltd (Singapore), Shenzhen Kaifa Technology Co., Ltd (China), are some of the leading players influencing the market dynamics of EMS and ODM across the globe.
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