Global Electronics Manufacturing Services (EMS) Market Size, Share, Growth Analysis, By Service(Electronics Manufacturing Services, Engineering Services), By Application(Computer, Consumer Electronics) - Industry Forecast 2022-2028

Electronics Manufacturing Services (EMS) Market was valued at USD 476.5 Billion in 2021, and it is expected to reach a value of USD 740.4 Billion by 2028, at a CAGR of more than 6.50% over the forecast period (2022- 2028).

A variety of services offered by contract manufacturers for electrical devices and components are referred to as "Electronics Manufacturing Services" (EMS). Designing, prototyping, testing, manufacturing, and logistics administration are some of these services. Original equipment makers (OEMs) in a variety of sectors, including consumer electronics, automotive, healthcare, aerospace, and military, can use the services of EMS providers. The demand for consumer electronics, the rising trend of outsourcing, and the need for affordable solutions have all contributed to the substantial growth of the global EMS industry in recent years.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electronics Manufacturing Services (EMS) Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

Global Electronics Manufacturing Services (EMS) Market is segmented based on the Services, Application, and region. Based on the Services, the Global Electronics Manufacturing Services (EMS) Market is segmented as Electronics Manufacturing Services, Engineering Services, Test & Development Implementation, Logistic Services, and Others. Based On Application, the Global Electronics Manufacturing Services (EMS) Market is segmented as Computer, Consumer Electronics, Aerospace & Defense, Medical & Healthcare, Automotive, Semiconductor manufacturing, Robotics, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The EMS market is the increasing demand for consumer electronics, such as smartphones, tablets, and laptops, among others. As these devices become more sophisticated and feature-rich, the need for specialized manufacturing services, such as EMS, has also increased. Additionally, the growing trend of outsourcing manufacturing operations to reduce costs and improve efficiency is driving the growth of the EMS market. The need for cost-effective solutions and the focus on core competencies is also driving the demand for EMS services.

Restraint

The EMS market is the increasing competition from low-cost manufacturing regions, particularly in Asia. The availability of low-cost labor and favorable government policies in countries such as China, India, and Vietnam is driving the outsourcing of manufacturing operations to these regions, which is impacting the revenue and profitability of EMS providers in other regions. Additionally, the increasing complexity and customization of electronic devices are making it challenging for EMS providers to keep pace with changing customer demands and technological advancements.

Market Trends

The EMS market is the increasing focus on digital transformation and Industry 4.0 technologies, such as artificial intelligence, the Internet of Things (IoT), and robotics. EMS providers are adopting these technologies to improve efficiency, reduce costs, and enhance the quality of their services. Another trend is the growing demand for green manufacturing practices and sustainable solutions, with EMS providers exploring ways to reduce their carbon footprint and improve their environmental sustainability. Finally, there is a trend towards vertical integration, with EMS providers expanding their capabilities to include additional services such as product design, supply chain management, and after-sales support.