Electronic Manufacturing Services (EMS) Market
Growth Factors of Electronic Manufacturing Services (EMS) Market
The electronic manufacturing services (EMS) market size was valued at USD 538.24 billion in 2023, and the market is now projected to grow from USD 573.75 billion in 2024 to USD 1017.85 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2023-2030.
The supply chain disruption and stoppage of transportation activities had hindered the electronic manufacturing services (EMS) market growth. The lockdown action and social distancing has stopped the production of equipment. The inclination towards remote work and online learning that has augmented the demand for electronic devices. The insecurity in economic and partial shutdown of the business condensed the supply of the electronic products.
The growing acceptance of services by the electronic companies is raising the electronic manufacturing services (EMS) market share globally. Consumer electronics are growing more complicated with new features that need advanced fabrication capabilities. The flexibility, scalability, and price-sensitivity are influencing the production according to the shifting preference of users. The electronics commerce is differentiated by rapid improvement and shorter lifespan of products.
The growing consciousness among inhabitants about e-waste recycling is in trend. The environmental concerns and a growing indulgence of the negative effects of electronics waste on the ecosystem are forcing people to adopt the recycling method. The governments and many institutes have forced regulations to tackle the environmental shock of electronic waste.
Comprehensive Analysis of Electronic Manufacturing Services (EMS) Market
The electronic manufacturing services (EMS) market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by types of service and industry. The services consist of engineering services, test & development implementation, EMS, logistics services, and others. The industries include automotive, consumer electronics, IT and telecom, heavy industrial manufacturing, healthcare, aerospace and defense, and others.
The Asia Pacific region is conducive to the electronic manufacturing services (EMS) market, leading to a recall of USD 191.04 billion because of the presence of a manufacturing hub for electronic devices. The region experiences rapid technological advancements and a growing tech ecosystem are impelling market growth.
The top players in the market play a critical role in the semiconductor industry assuring industrial prospectus growth and setting market standards. These players include Sanmina Corporation (U.S.), Plexus Corporation (U.S.), Hon Hai Precision Industry Co. Ltd (Foxconn) (Taiwan), Benchmark Electronics Inc. (U.S.), Flex Ltd (Singapore), Jabil Inc. (U.S.), Celestica Inc. (Canada), Fabrinet (Thailand), COMPAL Inc. (Taiwan) and Wistron Corporation (Taiwan) these market players provide a level-playing competitive landscape.
In May 2023, Creation Technologies announced a new development facility at St. Peter, U.S., with a floor space of 88,880 square feet. This manufacturing facility allowed integrated EMS providers. It provided expert design and aftermarket solutions services for OEM manufacturers.
Segmentation Table
Global Electronic Manufacturing Services (EMS) Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.4% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Service
- Electronics Manufacturing Services
- Engineering Services
- Test & Development Implementation
- Logistics Services
- Others (Aftersales, etc.)
By Industry
- Consumer Electronics
- Automotive
- Heavy Industrial Manufacturing
- Aerospace and Defense
- Healthcare
- IT and Telecom
- Others (Energy Utility, etc.)
By Region
- North America (By Service, By Industry and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
- Europe (By Service, By Industry and By Country)
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
- Asia Pacific (By Service, By Industry, and By Country)
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
- Middle East & Africa (By Service, By Industry, and By Country)
- GCC (By Industry)
- Turkey (By Industry)
- Israel (By Industry)
- North Africa (By Industry)
- South Africa (By Industry)
- Rest of the Middle East and Africa
- South America (By Service, By Industry, and By Country)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America
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