Global Electronics Manufacturing Services (EMS) Market

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 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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

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. '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'

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.

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.

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Metal Fabrication Service Market
Buy Now GET FREE SAMPLE
Emergency Medical Services (EMS) Products Market
Buy Now GET FREE SAMPLE
EMS and ODM Market
Buy Now GET FREE SAMPLE
Semiconductor Manufacturing Equipment Market
Buy Now GET FREE SAMPLE
Semiconductor Production Equipment Market
Buy Now GET FREE SAMPLE
Ambulance Service Market
Buy Now GET FREE SAMPLE
Air Ambulance Services Market
Buy Now GET FREE SAMPLE
Medical Electronics Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Electronics Manufacturing Services (EMS) Market

Report ID: SQMIG45L2013

$5,300
BUY NOW GET FREE SAMPLE