It’s clear to those in the industry that the electronic manufacturing market is trending upwards, and a recent report by New Venture Research has the numbers to prove it. After some stagnation between 2013 and 2016, 2018 showed a year-over-year growth of 15% as the  EMS market’s overall revenue increased by $70.7 billion.

Researchers credit demand for smart phones, 5G infrastructure, and enterprise-level cloud storage and servers for the recent surge. It’s also the ninth year of profitability in a row for the industry. Delta Electronics, Quanta Computer, and Lite-On lead earnings for ODMs at over $1 billion combined.

There has also been a continued trend towards outsourcing to reduce costs and increase profit margins, and it’s proven to be critical for stimulating user demand and technology deployment.

EPSNews has the full story on this development.