USD 498.90 Billion
EMS and ODM Market Size, Share, Growth Analysis, By Type(EMS and ODM), By End-user(Hospitals and Trauma Centres, Ambulatory Surgical Centres, Other End Users), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20E2062 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
EMS and ODM Market Insights
Global EMS and ODM Market size was valued at USD 498.90 Billion in 2021 and is poised to grow from USD 541.9 Billion in 2022 to USD 1050.02 Billion by 2030, at a CAGR of 8.62% during the forecast period (2023-2030).
The global Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) market is witnessing steady growth, driven by the increasing demand for consumer electronics, such as smartphones, tablets, and wearable devices, as well as the rising adoption of advanced technologies like Internet of Things (IoT) and 5G. The growth of the EMS and ODM market is fuelled by several advantages such as cost savings, as outsourcing manufacturing and supply chain management allows OEMs to focus on core competencies and reduce operational expenses. Additionally, EMS and ODM providers offer flexibility and scalability in production, enabling OEMs to quickly adapt to changing market demands. Moreover, access to specialized expertise and advanced manufacturing capabilities provided by EMS and ODM providers further drives market growth. However, the EMS and ODM market also faces certain challenges.
One of the key challenges is the intense competition among market players. The market is highly fragmented, with numerous local and global providers vying for contracts from OEMs. This competition puts pressure on pricing and margins for EMS and ODM providers. Additionally, maintaining high-quality standards and ensuring timely delivery of products can be challenging, especially when dealing with complex and rapidly evolving technologies. Another challenge is the constant need for technological innovation and upgrading manufacturing capabilities. EMS and ODM providers must continually invest in research and development to stay at the forefront of technology trends. They need to upgrade their facilities, adopt advanced manufacturing processes, and enhance their engineering capabilities to meet the evolving requirements of OEMs.
Furthermore, geopolitical factors, trade tensions, and supply chain disruptions can impact the EMS and ODM market. Changes in government regulations, import/export restrictions, and fluctuations in currency exchange rates can introduce uncertainties and affect the market dynamics. Despite these challenges, the global EMS and ODM market is expected to continue its growth trajectory. The increasing demand for consumer electronics, the rise of IoT and 5G technologies, and the advantages offered by EMS and ODM providers in terms of cost efficiency and scalability are likely to drive market expansion. To thrive in this competitive landscape, EMS and ODM providers need to focus on innovation, operational excellence, and strong customer relationships to meet the evolving needs of OEMs and maintain a competitive edge.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
EMS
Fastest Growth
EMS
Growth Rate
8.62% CAGR
Global EMS and ODM Market ($ Bn)
Country Share for North America Region (%)
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EMS and ODM Market Segmental Analysis
Global EMS and ODM Market is segmented on the basis of type, end-user, and region. By type, the market is segmented into EMSand ODM. By end user, the market is segmented into hospitals and trauma centres, ambulatory surgical centres, and other end users. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
EMS providers have traditionally held a significant share of the market. They have established strong manufacturing capabilities, global supply chain networks, and expertise in efficient production processes. Many EMS providers have extensive experience and resources, making them the dominant players in the market.
However, the ODM segment has been experiencing faster growth in recent years. ODM providers are increasingly being sought after by OEMs for their ability to offer end-to-end product development solutions. The growing demand for customized and differentiated products, coupled with the need for faster time-to-market, has fueled the growth of ODM providers. They offer OEMs the advantage of reduced product development cycles, access to specialized expertise, and the ability to leverage existing design and manufacturing capabilities.
Analysis By End User
Hospitals and Trauma Centers are critical healthcare facilities that require a wide range of electronic devices and equipment to provide essential medical services. The demand for advanced medical devices, patient monitoring systems, diagnostic equipment, and surgical instruments is consistently high in these settings. As a result, EMS and ODM providers serving this segment often have established partnerships and expertise in meeting the specific requirements and regulatory standards of the healthcare industry.
In terms of the fastest-growing segment, the Ambulatory Surgical Centers (ASCs) segment have witnessed significant growth in recent years. ASCs offer same-day surgical procedures and are becoming increasingly popular due to their cost-effectiveness, convenience, and focus on efficient healthcare delivery. EMS and ODM providers serving ASCs cater to the specific electronic equipment needs for surgical procedures performed in these centers. The growing demand for ASCs and the need for advanced electronic devices in these settings contribute to the fast-paced growth of this segment within the EMS and ODM market.
Global EMS and ODM Market By Type
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EMS and ODM Market Regional Insights
North America has traditionally been a dominant region in the EMS and ODM market. The presence of established technology companies, a robust manufacturing infrastructure, and a focus on innovation drive the market in this region. The United States, in particular, is home to many leading EMS and ODM providers, contributing to the region's dominance. Additionally, North America benefits from strong demand in sectors such as healthcare, aerospace, defense, automotive, and consumer electronics.
Asia Pacific is a rapidly growing region in the EMS and ODM market. It is driven by factors such as a vast consumer base, rising disposable income, increasing industrialization, and the presence of key electronics manufacturing hubs. Countries like China, Taiwan, South Korea, and Japan have a significant share in the global EMS and ODM market. The region's dominance is attributed to its cost-effective manufacturing capabilities, technological advancements, and a supportive ecosystem for electronics manufacturing and design.
Global EMS and ODM Market By Region
- Largest
- Fastest
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EMS and ODM Market Dynamics
Drivers
Increasing Demand for Electronics
- The growing demand for electronic devices across various industries such as consumer electronics, automotive, healthcare, aerospace, and telecommunications is a major driver for the EMS and ODM market. The constant need for innovative and advanced electronic products fuels the demand for EMS and ODM services.
Outsourcing and Cost Optimization
- Many companies prefer to outsource their electronics manufacturing and design processes to EMS and ODM providers to reduce costs, leverage specialized expertise, and focus on their core competencies. Outsourcing allows companies to benefit from economies of scale, global supply chain networks, and access to advanced manufacturing technologies.
Restraints
Intense Competition
- The EMS and ODM market are highly competitive, with numerous players offering similar services. Intense competition can lead to price pressures, lower profit margins, and challenges in differentiating services. Providers need to continuously invest in innovation, operational efficiency, and customer relationship management to stay competitive.
Supply Chain Disruptions
- The EMS and ODM market heavily rely on global supply chains for sourcing electronic components and raw materials. Disruptions in the supply chain, such as trade disputes, natural disasters, and geopolitical issues, can impact production schedules, increase costs, and lead to delays in product delivery.
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EMS and ODM Market Competitive Landscape
The global EMS (Electronics Manufacturing Services) and ODM (Original Design Manufacturing) market is highly competitive, characterized by the presence of numerous players offering a wide range of services. The competitive landscape is shaped by factors such as technological advancements, customer relationships, industry expertise, and operational capabilities. Key players in the market strive to differentiate themselves through innovation, cost optimization, and the ability to meet customer requirements efficiently. They focus on expanding their global footprint, enhancing their manufacturing capabilities, and forming strategic partnerships to gain a competitive edge. Collaboration with technology companies, component suppliers, and end-user industries is also a common strategy among EMS and ODM providers to stay ahead in the market. Overall, the competitive landscape of the global EMS and ODM market is dynamic and driven by the ability to deliver high-quality services, provide cost-effective solutions, and adapt to evolving industry trends and customer demands.
Top Player’s Company Profile
- Foxconn Technology Group - Taiwan
- Flex Ltd - Singapore
- Jabil Inc - United States
- Quanta Computer Inc - Taiwan
- Pegatron Corporation - Taiwan
- Wistron Corporation - Taiwan
- Celestica Inc - Canada
- Sanmina Corporation - US
- Plexus Corp - US
- Benchmark Electronics Inc - US
- Inventec Corporation - Taiwan
- Zollner Elektronik AG - Germany
- Universal Scientific Industrial Co., Ltd. (USI) - Taiwan
- New Kinpo Group - Taiwan
- Integrated Micro-Electronics Inc (IMI) - Philippines
- Venture Corporation Limited - Singapore
- Delta Electronics Inc - Taiwan
- Jabil Circuit Sdn Bhd - Malaysia
- Benchmark Electronics (Thailand) Public Company Limited - Thailand
- SMTC Corporation - Canada
Recent Developments
- In February 2023, Flex Ltd. announced that it had acquired Kaifa Technology, a leading Chinese EMS provider.
- In March 2023, Jabil Inc. announced that it has opened a new EMS manufacturing plant in Vietnam.
- In April 2023, Foxconn Technology Co. Ltd. announced that it is investing $10 billion in a new EMS manufacturing plant in Mexico.
EMS and ODM Key Market Trends
- Shift towards Customization and Personalization: Consumer demands for personalized and customized electronic products are on the rise. EMS and ODM providers are adapting to this trend by offering flexible manufacturing solutions and collaborating closely with clients to design and produce tailored products that meet specific requirements.
- Growing Focus on Sustainability: Environmental sustainability has become a critical consideration for both EMS and ODM providers and their clients. There is an increasing emphasis on adopting eco-friendly manufacturing processes, reducing waste, and using renewable materials. Sustainability initiatives are becoming key differentiators in the market.
EMS and ODM Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global EMS (Electronics Manufacturing Services) and ODM (Original Design Manufacturing) market analysis, the increasing outsourcing trends, the rise of IoT and connected devices, customization demands, and a focus on sustainability are the key growth drivers. However, it also faces challenges related to supply chain disruptions, evolving regulations, and competitive pressures. In terms of regional analysis, North America emerges as the dominant region in the global EMS and ODM market. This dominance is attributed to the region's advanced technological capabilities, established manufacturing infrastructure, and the presence of major electronics manufacturers and technology companies.
North America benefits from a strong focus on innovation, particularly in sectors such as automotive, aerospace, and healthcare. Asia Pacific, on the other hand, is the fastest-growing region in the global EMS and ODM market. Countries such as China, Taiwan, South Korea, and Japan have become prominent manufacturing hubs for electronic devices. The region offers advantages such as lower labour costs, a robust supply chain network, and a favourable business environment. Asia Pacific experiences rapid growth due to increasing consumer demand for electronic products and the adoption of emerging technologies in sectors like automotive, healthcare, and consumer electronics.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 498.90 Billion |
| Market size value in 2031 | USD 1050.02 Billion |
| Growth Rate | 8.62% |
| 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 EMS and ODM 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 EMS and ODM 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 EMS and ODM 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 EMS and ODM 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 EMS and ODM Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the EMS and ODM 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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