NEW YORK -- EMS sales from the North American automotive industry are likely
to grow from $1.1 billion in 2005 to $3.1 billion by 2012, according to
Frost & Sullivan.
The uptick is due to greater outsourcing of certain key operations and a higher amount of electronic content
in cars.
“The increasing amount of electronic content and continuous
technological advancements are acting as major incentives for OEMs and
tier one suppliers to outsource to EMS providers,” said Frost research
analyst Lavanya Ram Mohan. “Thus, the automotive industry, which was
once a niche segment, has developed into a full-blown profitable market
offering largely untapped opportunities to these providers.”