USD 476.88 billion
Electronics Manufacturing Services (EMS) Market Size, Share, Growth Analysis, By Service(Manufacturing Services, Engineering Services, Test & Development Implementation, Logistics Services), By Industry(Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45L2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Electronics Manufacturing Services (EMS) Market Insights
Electronics Manufacturing Services (EMS) Market size was valued at USD 476.88 billion in 2022 and is poised to grow from USD 504.22 billion in 2023 to USD 797.94 billion by 2031, growing at a CAGR of 6.8% in the forecast period (2024-2031).
The term "electronics manufacturing services" (EMS) covers both the entire sector as well as a particular type of contractor or business. Additionally, the more general phrase "contract manufacturing (CM)" and EMS are frequently used interchangeably. In brief, EMS companies offer original equipment manufacturers (OEMs) a variety of value-added engineering and manufacturing outsourcing services, enabling them to increase operational efficiencies and concentrate on key tasks like research and development (R&D). For OEMs, these services also include electronic component and assembly return/repair services. Additionally, the end-user industries, particularly those in telecom & IT, consumer electronics, industrial, automotive, aerospace & defence, are major drivers of the market. The global market for electronic manufacturing is expanding as a result of rising consumer demand for electronics and related services. Additionally noted as a potential element fueling the expansion of the global electronic manufacturing industry is an increase in the number of electronic device servicing centers.
Manufacturers can take advantage of present prospects thanks to rising consumer electronics demand and inventive technology breakthroughs. Manufacturers will need to work with solution providers who have experience and industry experience to cooperate with due to increased client demands and the requirement to reduce costs.
US Electronics Manufacturing Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Engineering Services
Fastest Growth
Engineering Services
Growth Rate
6.8% CAGR
Global Electronics Manufacturing Services (EMS) Market, 2024-2031 ($ Bn)
Country Share for North America Region- 2024 (%)
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Electronics Manufacturing Services (EMS) Market Segmental Analysis
Global Electronics Manufacturing Services (EMS) Market is segmented by Service, Industry, and region. Based on Service, the market can be segmented into Manufacturing Services, Engineering Services, Test & Development Implementation, Logistics Services, Others. Based on Industry, the market can be segmented into Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense, Healthcare, IT and Telecom, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Electronics Manufacturing Services Market Analysis by Services
The one best positioned segment to achieve the highest CAGR during the projection period is engineering services. It is blamed on manufacturers' growing investment in research and development for high-performance electronic assembly materials. The market share that the electronics manufacturing services segment has dominated in 2021. Circuit boards are becoming increasingly important in tablets and other electronic gadgets, which is why it happened.
The implementation of test and development and the logistics services sectors are expanding significantly. Players in the sector are utilizing outsourcing services to increase flexibility and cut costs. The rise of the electric vehicle market has also been accelerated by an increase in component production outsourcing.
Global Electronics Manufacturing Services (EMS) Market By Services , 2024(%)
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Electronics Manufacturing Services (EMS) Market Regional Insights
During the projection period, the Asia-Pacific area is anticipated to increase rapidly. Government policies that assist medical device production across Asia Pacific economies, including India, China, and South Korea, are credited with advancing the industry. Due to its dominance in the production of consumer electronics, semiconductors, and other telecommunications equipment and gadgets, China is one of the key EMS markets in the world.
Additionally, Pegatron of Taiwan was forced to shift its production to nations like Vietnam and Indonesia due to growing costs and prior trade issues. Many Asian businesses were forced to reevaluate their investments and relocate their industrial bases as a result of the uncertainty brought on by the trade tensions.
Global Electronics Manufacturing Services (EMS) Market By Geography, 2024-2031
- Largest
- Fastest
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Electronics Manufacturing Services (EMS) Market Dynamics
Electronics Manufacturing Services Market Driver
- The key driving factors behind the global market for electric manufacturing services are rising functionalities, including Engineering, component assembly, and design of premium circuit boards, functional testing provided by contract manufacturers, and sub-assembly production Additionally, engineering and manufacturing outsourcing services that offer a wide range of core production skills are provided through electronic contract manufacturing procedures. Moreover, outsourcing auxiliary tasks enables OEMs to concentrate on their core capabilities, which supports them in increasing operational effectiveness, lowering production costs, and needing less fixed capital investment.
- Technological Progress: Demand for the EMS market is anticipated to increase due to the development of new manufacturing technologies and emerging end-use categories like the Internet of Things (IoT). To distinguish their products from the competition and draw in new end-use applications, major manufacturers are expanding their R&D spending.
Electronics Manufacturing Services Market Restraint
- Invasion of these rights not only violates the privacy policies of investors and innovators but also hinders market-wide economic growth. Small and medium-sized businesses (SMEs) typically place more emphasis on quick market expansion than on the value of intellectual property rights (IPR), which could provide a wealth of economic prospects in a more secure setting. Developing nations have trouble allocating funds to bolster their intellectual property systems. In order to secure IP rights, the major market players must adapt their core manufacturing method. As a result, it is anticipated that the market will not grow if such IP rights are violated or absent.
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Electronics Manufacturing Services (EMS) Market Competitive Landscape
Due to the rising use of these services across industries and the existence of several market players internationally, the electronics manufacturing services market is starting to fragment. Product innovations and advances are seen by industry participants as a lucrative route to market growth.
Electronics Manufacturing Services Market Top Player's Company Profiles
- Foxconn Technology Group
- Pegatron Corporation
- Flex Ltd.
- Jabil Inc.
- Quanta Computer Inc.
- New Kinpo Group
- Sanmina Corporation
- Wistron Corporation
- Celestica Inc.
- Benchmark Electronics Inc.
- Plexus Corp.
- Universal Scientific Industrial Co., Ltd. (USI)
- Inventec Corporation
- Zollner Elektronik AG
- Venture Corporation Limited
- FIH Mobile Limited
- SMTC Corporation
- Elcoteq SE
- VTech Holdings Limited
- Beyonics Technology Limited
Electronics Manufacturing Services Market Recent Developments
- In March 2022, Sanmina Corporation (Sanmina), a leading integrated manufacturing solutions company, and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, announced that they have entered into an agreement to create a joint venture through investment in Sanmina's existing Indian entity (Sanmina SCI India Private Ltd, "SIPL").
- In June 2022, Flex announced it is expanding its automotive industry operations in Jalisco, Mexico. The company is building a new 145,000-square-foot state-of-the-art facility that will serve as the strategic in-region automotive manufacturing hub dedicated to producing advanced electronic components that will accelerate the era of electric and autonomous vehicles.
Electronics Manufacturing Services (EMS) Key Market Trends
- The market is expanding as a result of the rising public awareness of e-waste recycling. Global e-waste volume increased by almost 21% in 2019, according to the UN's Global E-waste Monitor 2020, which was published in July 2020. Additionally, it is anticipated that by 2030, there will be 74 Mt of wasted electronic garbage worldwide, nearly doubling in just 16 years. Government agencies and OEMs have created a number of e-waste recycling policies and programs as a result of this. For instance, Singapore's national electronic and electrical waste (e-waste) management system began operations in July 2021. Customers are finding it difficult to recycle their e-waste as a result. This system serves as a circular economy strategy for achieving zero waste as a country.
Electronics Manufacturing Services (EMS) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Electronics Manufacturing Services (EMS) Market Analysis, in terms of application, in 2021, the computer segment had a 30% revenue share and is expected to grow. The market for electronic manufacturing services in the Asia Pacific region accounted for 40% of revenue in 2021 and is expected to grow at a CAGR of 7%. The key driving factors behind the global market for electric manufacturing services are rising functionalities, including Engineering, component assembly, and design of premium circuit boards, functional testing provided by contract manufacturers, and sub-assembly production Additionally, engineering and manufacturing outsourcing services that offer a wide range of core production skills are provided through electronic contract manufacturing procedures.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 476.88 billion |
| Market size value in 2031 | USD 797.94 billion |
| Growth Rate | 6.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electronics Manufacturing Services (EMS) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electronics Manufacturing Services (EMS) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electronics Manufacturing Services (EMS) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electronics Manufacturing Services (EMS) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electronics Manufacturing Services (EMS) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electronics Manufacturing Services (EMS) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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