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

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.