In-Car Wireless Charging Market to Witness Massive Growth 2023 by Power square, Aircharge, Apple Inc


Posted June 24, 2021 by Shashie23

Market Research Future published a research report on “In-Car Wireless Charging Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

 
Overview

The Global EMS and ODM Market is expected to reach USD 1106.3 Billion by 2025 at a CAGR of 8.62% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

Competitive Analysis

The key players of global EMS and ODM market are Foxconn Technology Co. Ltd (Taiwan), New Kinpo Group (Taiwan), Universal Scientific Industrial Co., Ltd (China), Shenzhen Kaifa Technology Co., Ltd (China), Venture Corporation Ltd (Singapore), Zollner Elektronik AG (Germany), UMC Electronics Co., Ltd (Japan), Flex Ltd (Singapore), Jabil Inc. (US), and Sanmina Corporation (US), among others.

In July 2018, Flex Ltd partnered with USound, a developer of advanced audio solutions, to manufacture and provide technology, engineering, and design support for various micro-electro-mechanical-systems (MEMS) speaker applications. This partnership will enable USound to introduce innovative MEMS speakers into the market quickly at a lower cost.

In May 2018, Jabil Inc., through its division Green Point, announced the opening of its new Optics Technology Innovation Center in Haifa, Israel. This center spans across 2000 square meters and provides Israel tech community with more opportunities in computational cameras, projection systems, and combined solutions.

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Segmental Analysis

The global EMS and ODM market has been segmented based on product, application, and region.

Based on product the market has been classified as EMS and ODM. The EMS segment accounted for the larger market share in 2018, with a market value of USD 435.65 billion; it is expected to register the higher CAGR during the forecast period. However, the ODM segment contributed less as compared to EMS in 2018. EMS companies offer to manufacture printed circuit boards, microelectronics components, optoelectronic devices, and RF and wireless devices. EMS companies also specialize in various production levels and speeds to build multiple prototypes at different design and planning stages. Many organizations adopt EMS solutions to produce large volumes of prototypes and products. Moreover, EMS providers also offer onsite services such as PCB etching, necessary for the manufacturing process. The key benefits that OEMs avail through ODMs are low labor costs, reduced transportation costs, and strong connectivity with the market. With core design manufacturing handled by the ODM, the OEMS can focus on their core business to attain higher profit margins. ODM models are generally used in large organizations where overseas design firms may partner with a domestic company and manufacture products according to their specifications.

Based on application, the market has been segmented into communication, computer, consumer, industrial, medical, and others. The communication segment accounted for the largest market share in 2018; it is expected to register the higher CAGR during the forecast period. The computer segment accounted for the second highest market, while the others segment was the least valued segment in 2018. The communications industry has seen rapid technological advancements in recent years with a number of smartphone manufacturers opting for EMS and ODM companies to outsource the designing and development of their products. EMS-ODM providers play a crucial role in the manufacturing of computer and peripheral devices. Many companies in Asia-Pacific design and manufacture components of notebooks, desktops, tablets, servers, workstations, and other peripherals. Consumer electronics have a huge dependency on EMS firms and ODM companies to enhance the manufacturing of consumer electronics products. Several OEMs of consumer electronics require contract manufacturers to manufacture products near regions where these products are sold. Industrial electronics providers rely on EMS firms and ODMs for the provision of process control and testing solutions. A number of industrial electronics providers focus on deploying external technical experts to perform measurement testing of high-end systems. Medical electronics providers outsource the design and production of class I, II, and III medical devices. EMS firms and ODMs offer various services in medical electronics markets such as engineering, electrical systems development, and testing, product concept manipulation and prototyping, and PCB layout. Various other applications of EMS firms and ODMs include automotive electronics such as advanced driver assistance systems and advanced motor control. High demand for building intelligent transportation motor vehicles is encouraging the automotive electronics providers to outsource their design requirements to EMS firms and ODMs.

Table of Content:

4 Market Dynamics

4.1 Overview 25

4.2 Drivers 25

4.2.1 Growing Semiconductor Industry 25

4.2.2 High Penetration Of EMS Providers 26

4.3 Challenges 26

4.3.1 High Cost And Maintenance Of EMS Equipment 26

4.4 Opportunities 26

4.4.1 Growing Demand For Advanced Consumer Products 26

5 Market Factor Analysis

5.1 Value Chain Analysis 27

5.1.1 Raw Material Suppliers 27

5.1.2 Component Manufacturers 27

5.1.3 System Integrators/ Assemblers 28

5.1.4 Distributors/ Resellers 28

5.1.5 End User 28

5.2 Porter’s Five Forces Model 29

5.2.1 Threat Of New Entrants 30

5.2.2 Bargaining Power Of Suppliers 30

5.2.3 Bargaining Power Of Buyers 30

5.2.4 Threat Of Substitutes 30

5.2.5 Intensity Of Rivalry 30

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About Us

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

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Categories Business
Tags incar wireless charging market , share , size
Last Updated June 24, 2021