DUBLIN – The electronics manufacturing industry expanded approximately 5.3% in 2014, according to Research and Markets.

The firm’s research shows the EMS industry will grow from $460 billion in 2014 to $621 billion in 2019, an approximate CAGR of 6.2%.

The research firm estimates total electronics assembly value was $1.3 trillion last year and will grow to approximately $1.8 trillion in 2019, a 5.7% CAGR.

The worldwide electronics manufacturing services market now accounts for almost 40% of all assembly, the firm says. While the rate of growth for outsourcing is slowing, it still represents the most desired manufacturing model for the assembly of electronics products available to OEM companies.

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