Electronics Manufacturing Services Market Synopsis

Electronics Manufacturing Services Market Size Was Valued at USD 540 Billion in 2023, and is Projected to Reach USD 1009.6 Billion by 2032, Growing at a CAGR of 7.2% From 2024-2032.

EMS stands for Electronics Manufacturing Services and it entails contractual agreements between OEMs and companies in which the latter offer design, manufacturing, testing, distribution, and repair services of electronic products. Many EMS providers afford OEMs to outsource the manufacturing of electronic components and assemblies at lower costs and efficiently which in turn help OEMs to concentrate on their operations like innovation, design and marketing. Some of the services cover PCB assembly, box build assembly, product testing and distribution, supply chain among others. EMS providers are valuable to the electronics market by providing the ability to integrate, adapt, and develop to satisfy different markets’ demands in the electronics industry, ranging from individuals, industries, and vehicles.

• Electronics Manufacturing Services (EMS) is a strategic supply chain provider and solutions in every electronics product business from design, manufacturing, testing, distribution and repair services. EMS providers try to tap into almost all sectors and some of the popular sectors of business are as follows:- Consumer Electronics: Automotive: Healthcare: Industrial: Telecommunication: The market has been gradually expanding over the years because of growing need for electronics and because apparently it is more efficient for manufacturing companies to outsource production to benefit from the expertise of electronics manufacturing service companies instead of having a part of their company specialize in that when they can outsource it and focus on their company’s strength. Issues such as technological development and the application of Industry 4. 0, Internet of Things (IoT), and betterment in the area of robotics and automation have given further boost to the EMS market.
• The EMS market is very competitive with major industry players such as Foxconn, Flex Ltd. Jabil Inc. , Sanmina Corporation with huge efforts placed on improvement and widening scopes of their services. It is also affected by other variables including; trade policies, disruptions of distribution networks, and skilled workforce. Over the past few years, the focus has been given a new dimension where EMS providers have incorporated environment friendly policies and products. The first impact of COVID-19 on the market was negative, as it hindered the supply and demand for the different products through disrupting the supply chain of the companies, yet the market has changed and is recovering as the companies learn how to function under the new conditions, being focused on stability and adaptability.

Electronics Manufacturing Services Market Trend Analysis

Increasing adoption of smart manufacturing technologies and Industry 4.0 principles

• EMS industry has witnessed a growth in a certain trends one of them being use of Smart manufacturing technologies and Industry 4. 0 principles. This trend covers the use of IoT, AI, Big Data, and automation within the production domain. To harness the above technologies, EMS providers are now using them to increase effectiveness, cut costs of production, and improve quality of their products; besides using the technologies to monitor, assess and predict the state of manufacturing equipment. The market for EMS companies has been experiencing constant evolution of requirements in terms of products’ sophistication and connection to the Internet; therefore implementing smart manufacturing gives companies an edge over their competitors on the global market kinds of devices.

Growing demand for sustainable and environmentally friendly manufacturing practices

• A new business opportunity that is becoming apparent with the EMS market is that of eco-conscious manufacturing. As the entire world becomes aware of the effects of their production on the environment, and with rules and regulations that promote sustainability, there is a change to the manufacturing methods and the materials of electronics. These factors remain the challenge and opportunity for the EMS providers since they can choose green manufacturing approaches like energy efficient processes and eco-recycling channel for electronic scrap and non reusable items and renewable materials.
• With EMS, the EMS companies can achieve compliance with the legal requirements on the environmental management, while, at the same time satisfying the needs of the environmentally conscious customers and other businesses looking for partners in controlling their impacts on the environment by implementing EMS. This trend is considered as one of the opportunities to achieve the sustainable and competitive development of EMS within the sector.

Electronics Manufacturing Services Market Segment Analysis:

Electronics Manufacturing Services Market Segmented on the basis of Service Type and Industry Type.

By Service Type, Electronics Manufacturing segment is expected to dominate the market during the forecast period

• The EMS market specifically by service type for the Electronics Manufacturing segment seems to offer a great opportunity during the forecast period. This segment ranges from the printed circuit board assembly, Box build assembly, design services, test and inspection services, logistics and aftermarket services. As the product range in electronics expands and stiffens with variety in different sectors including consumer electronics, automotive, healthcare, and communication industries, the need for outsourced EMS providers who can address anemia’s manufacturing services efficaciously and comprehensively is rising. However, it is stated that outsourcing manufacturing operations to EMS providers remains to be an increasing trend by OEMs in search of cost advantages, capacity, and technology solutions. Due to the continuous development of EMS providers in the application of smart manufacturing technologies and quality requirements for EMS products, they have bright development prospects for the EMS market.

By Industry Type, Computer segment expected to held the largest share

• Looking at the giant EMS industries and their products, the Computer segment is expected to have the largest market share of the entire EMS industries based on industry type to illustrate the most significant role of EMS industries in satisfying the Electronics Manufacturing Services demands. This segment covers a very broad category of items such as desktops, notebooks, servers, and peripheral devices, all of which are critical in contemporary business and personal computing. The rising trend of industrial digitalization and rising demand for high performing computing needs for corporate and clients boosts the growth of this segment.
• EMS manufacturers dealing with the Computer segment already have unique abilities in PCB assembly, system integration and customization to fit the needs of Original Equipment Manufacturers in terms of quality and cost. Thus, relying on the projections of the further increase in the demand for sophisticated computing solutions worldwide, EMS firms targeting the Computer segment have a good chance to remain market leaders in the highly competitive EMS market environment.

Electronics Manufacturing Services Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• It is for this reason that it is expected that Asia Pacific will become the leading Electronics Manufacturing Services (EMS) market within the coming years due to the following factors. Manufacturing industry significantly strengthens the region as it is cost-effective and has a highly developed electronics OEM market. These nations including China, Taiwan, South Korea and Japan have developed efficient human resource, proper infrastructures and favorable government policies in manufacturing their electronics.
•  Also, continued industrialization, more so urbanization, and increasing consumer electronics market in the emerging Asia Pacific economies also serve to increase EMS solutions demand. Global firms have continued outsourcing their manufacturing to reap on these benefits and thus Asia Pacific EMS providers stand to gain market share by providing outsourcing manufacturing solutions, technology, and partnership. This trend underpins the centrality of Asia Pacific in defining the future prospects and the nature of the EMS industry in future.

Active Key Players in the Electronics Manufacturing Services Market

• ASE Technology Holding Co., Ltd. (Taiwan)
• Benchmark Electronics Inc. (United States)
• Celestica Inc. (Canada)
• Flex Ltd. (Singapore)
• Foxconn (Taiwan)
• Jabil Inc. (United States)
• Key Tronic Corporation (United States)
• Kitron ASA (Norway)
• Pegatron Corporation (Taiwan)
• Plexus Corp. (United States)
• Sanmina Corporation (United States)
• TT Electronics plc (United Kingdom)
• Universal Scientific Industrial Co., Ltd. (Taiwan)
• Wistron Corporation (Taiwan)
• Zollner Elektronik AG (Germany) and Other Major Players

Key Industry Development:

• In September 2024, Cellecor Gadgets Limited announced a strategic partnership with PG Electroplast Limited, a leading provider of Electronics Manufacturing Services in India. Under this collaboration, PG Electroplast served as the manufacturing partner for Cellecor’s new range of air conditioners and coolers. This partnership marked a significant expansion in Cellecor’s product portfolio, leveraging PG Electroplast's expertise to enhance production capabilities. The alliance aimed to strengthen Cellecor’s position in the market by offering a broader range of high-quality cooling solutions.
• In June 2024, TVS Electronics Limited (TVS-E), a prominent player in the electronics manufacturing sector, enhanced its manufacturing capabilities by launching Electronics Manufacturing Services (EMS) at its advanced facility in Tumakuru, Karnataka, near Bengaluru. The company, known for providing comprehensive electronic solutions including design, manufacturing, sales, services, warranty solutions, and end-of-life services, expanded its offerings to include EMS. This new capability marked a significant upgrade in their operational scope, allowing TVS-E to further cater to diverse electronic manufacturing needs with state-of-the-art infrastructure and integrated solutions.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Electronics Manufacturing Services Market by Type
 4.1 Electronics Manufacturing Services Market Snapshot and Growth Engine
 4.2 Electronics Manufacturing Services Market Overview
 4.3 Ultrasound Type
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Ultrasound Type: Geographic Segmentation Analysis
 4.4 Other
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Other: Geographic Segmentation Analysis

Chapter 5: Electronics Manufacturing Services Market by Application
 5.1 Electronics Manufacturing Services Market Snapshot and Growth Engine
 5.2 Electronics Manufacturing Services Market Overview
 5.3 Onshore Wells
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Onshore Wells: Geographic Segmentation Analysis
 5.4 Offshore Wells
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Offshore Wells: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Electronics Manufacturing Services Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 ASE TECHNOLOGY HOLDING CO.
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 LTD. (TAIWAN)
 6.4 BENCHMARK ELECTRONICS INC. (UNITED STATES)
 6.5 CELESTICA INC. (CANADA)
 6.6 FLEX LTD. (SINGAPORE)
 6.7 FOXCONN (TAIWAN)
 6.8 JABIL INC. (UNITED STATES)
 6.9 KEY TRONIC CORPORATION (UNITED STATES)
 6.10 KITRON ASA (NORWAY)
 6.11 PEGATRON CORPORATION (TAIWAN)
 6.12 PLEXUS CORP. (UNITED STATES)
 6.13 SANMINA CORPORATION (UNITED STATES)
 6.14 TT ELECTRONICS PLC (UNITED KINGDOM)
 6.15 UNIVERSAL SCIENTIFIC INDUSTRIAL CO.
 6.16 LTD. (TAIWAN)
 6.17 WISTRON CORPORATION (TAIWAN)
 6.18 ZOLLNER ELEKTRONIK AG (GERMANY)
 6.19 OTHER MAJOR PLAYERS

Chapter 7: Global Electronics Manufacturing Services Market By Region
 7.1 Overview
 7.2. North America Electronics Manufacturing Services Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
   7.2.4.1 Ultrasound Type
   7.2.4.2 Other
  7.2.5 Historic and Forecasted Market Size By Application
   7.2.5.1 Onshore Wells
   7.2.5.2 Offshore Wells
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Electronics Manufacturing Services Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
   7.3.4.1 Ultrasound Type
   7.3.4.2 Other
  7.3.5 Historic and Forecasted Market Size By Application
   7.3.5.1 Onshore Wells
   7.3.5.2 Offshore Wells
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Electronics Manufacturing Services Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
   7.4.4.1 Ultrasound Type
   7.4.4.2 Other
  7.4.5 Historic and Forecasted Market Size By Application
   7.4.5.1 Onshore Wells
   7.4.5.2 Offshore Wells
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Electronics Manufacturing Services Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
   7.5.4.1 Ultrasound Type
   7.5.4.2 Other
  7.5.5 Historic and Forecasted Market Size By Application
   7.5.5.1 Onshore Wells
   7.5.5.2 Offshore Wells
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Electronics Manufacturing Services Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
   7.6.4.1 Ultrasound Type
   7.6.4.2 Other
  7.6.5 Historic and Forecasted Market Size By Application
   7.6.5.1 Onshore Wells
   7.6.5.2 Offshore Wells
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Electronics Manufacturing Services Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
   7.7.4.1 Ultrasound Type
   7.7.4.2 Other
  7.7.5 Historic and Forecasted Market Size By Application
   7.7.5.1 Onshore Wells
   7.7.5.2 Offshore Wells
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research