{"id":39255,"date":"2023-03-28T14:01:56","date_gmt":"2023-03-28T06:01:56","guid":{"rendered":"https:\/\/investpenang.gov.my\/mms-ventures-to-have-new-assembly-and-test-lines\/"},"modified":"2025-11-28T13:40:25","modified_gmt":"2025-11-28T05:40:25","slug":"mms-ventures-to-have-new-assembly-and-test-lines","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/mms-ventures-to-have-new-assembly-and-test-lines\/","title":{"rendered":"MMS Ventures to Have New Assembly and Test Lines"},"content":{"rendered":"

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MMS Ventures to Have New Assembly and Test Lines<\/h1>\n

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28 March 2023<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30694″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]March 27, 2023 \u00a0\u2013 MMS Ventures Bhd<\/a>

Group managing director T.K. Sia told StarBiz that these assembly and test lines with innovative features would be for US customers.<\/p>\n

\u201cWith these new orders, the group would become more involved in the medical instruments and automotive markets.<\/p>\n

\u201cPreviously, the medical and automotive business generated about 10% of the group\u2019s revenue. Moving ahead, we can expect to see the contribution increase significantly in the long term,\u201d he said.<\/p>\n

Sia said the orders from the smartphone segment had slowed down.<\/p>\n

\u201cBranded smartphone manufacturers have indicated that there won\u2019t be substantial changes in the features of smartphones to be released this year,\u201d he said.<\/p>\n

According to Sia, the medical instruments market will enjoy steady growth because of the application of new life-saving technologies.<\/p>\n

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\u201cThe growing popularity of affordable wearable medical devices with advanced features also drives the medical instrument market to grow.<\/p>\n

\u201cThe Global Market Insights report forecast that the wearable medical devices market, valued at US$78bil (RM345bil) in 2022, is expected to grow at a 24% compound annual growth rate (CAGR) from 2023 to 2027,\u201d Sia added.<\/p>\n

According to Fortune Business Insights, the global medical devices market will grow from US$495.46bil (RM2.19 trillion) in 2022 to US$718.92bil (RM3.18 trillion) by 2029 at a 5.5% CAGR.<\/p>\n

Similarly, the automotive market also shows promising growth potential.<\/p>\n

The Future Market Insights report forecast that the automotive test equipment market size, valued at US$3.1bil (RM13.7bil) in 2022, would grow at a 4.3% CAGR till 2032.<\/p>\n

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Source: The Star<\/a><\/div>\n<\/div>\n<\/div>\n
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