EMS & ODM Market Research Report Data Analysis by Type (EMS & ODM MARKET) by Application (Consumer Electronics, Communications, Automotive & Transportation, Industrial, Medical, Energy and Others), and by Region (North America, Europe, Asia-Pacific, Middl

EMS & ODM Market Research Report Data Analysis by Type (EMS & ODM MARKET) by Application (Consumer Electronics, Communications, Automotive & Transportation, Industrial, Medical, Energy and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Industry Forecast Till 2032

According to projections, the EMS & ODM Market would expand at a compound annual growth rate (CAGR) of 7.6% from USD 809.64 billion in 2024 to USD 1,457.95 billion by 2032. Electronic contract manufacturers, or EMS for short, are companies that design, produce, test, ship, and repair electronic components and assemblies on behalf of original equipment manufacturers. EMS providers are like ECM. In addition, EMX works on software development, product development, design support, and other value-added services including outbound logistics, supply chain management, and configure-to-orders. Similar to ECMs, ODMs create and possess their own intellectual property for goods utilized by CEMs. For example, an ODM creates their own unique intellectual property (IP) for a particular market, while a contract electronic manufacturer leverages the design and intellectual property of the customer to make a variety of goods.

Electrical parts and assembled parts for manufacturers are created, tested, and supplied by Electronic Manufacturing Services (EMS). The phrase also refers to companies that design, fabricate, test, distribute, and provide return or repair services for electronic components and assemblies for original hardware manufacturers (OEMs). The growing need for electronic parts and devices, coupled with the expanding semiconductor sector, is driving interest in EMS and OEM services. Since silicon is a cheap, easily obtainable, and high-quality material, its use in the construction of integrated circuits is predicted to rise. The increased demand for semiconductor chips with better performance has consequently led to a growth in the production of new semiconductors.

Insights on Market Segments
The global EMS & ODM market is divided into segments based on type.
The consumer electronics, communications, automotive & transportation, industrial, medical, energy, and other segments comprise the application-based division of the EMS & ODM market.

Regional Perspectives
In 2023, the largest market share belonged to Asia Pacific. The demand for consumer electronics and high-end technology products has increased due to the growing working-class populations in emerging countries. Companies like to expand gradually, and the Asia-Pacific area is currently the world leader in outsourcing. OEMs are putting more and more emphasis on maintaining control over expensive core components like CPUs, GPUs, other vital components. In their supply chain management, CSPs exercise caution, striving for adaptability and system integrator integration into original equipment manufacturer operations.

Both a trained labor force and widespread access to raw materials are advantages for North America. One of the main reasons EMS has grown in the area is the availability of inexpensive labor. Companies in North America are gradually returning their devices that produce requirements to EMS providers.

The existence of leading semiconductor companies in this region is the primary driver of the demand for EMS and ODM markets in Europe. Additionally, as a result of the government's ongoing efforts to draw in more and more chip manufacturers, EMS and ODM companies are growing.

Key Players
Among the major players in the EMS & ODM market are the following: RAFI GmbH & Co. KG (BWK), AEMtec GmbH (Capiton), KATEK Group (PRIMEPULSE SE), Alteryx, Foxconn (Hon Hai Technology), Sanmina, New Kimpo Group, Zollner Elektronik, Flex Ltd., Compal Electronics, Jabil, Wistron, Cicor, and ENICS (GPV International A/S).