The Electronic Manufacturing Services (EMS) Market size was valued at USD 504.3 Billion in 2022 and is expected to grow to USD 859.93 Billion by 2030 and grow at a CAGR Of 6.9 % over the forecast period of 2023-2030.
The direct driving force behind the creation of electronic products is the market for electronic manufacturing services (EMS). Due to the consumer device market's unprecedented growth in demand, the EMS industry is currently undergoing a significant turnaround. One of the most thorough market research reports available on the EMS industry is the Electronics Manufacturing Services Market. The analysis focuses on the top companies, expanding market segments, and new manufacturing opportunities and technologies across a wide range of goods and nations.
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KEY DRIVERS:
Modernizing technological advancements
Increasing demands for manufacturing and customer services.
It is projected that widespread application in several end-use industries will accelerate market growth. Electronic manufacturing services give the flexibility that is in line with market demand, a steady stream of services, risk mitigation, and lower total operational costs for a business. These elements are anticipated to fuel the development of the market for electronic manufacturing services during the anticipated term. Consumer electronics are in high demand worldwide, and sales should increase during the projection period. As a result, more electronic manufacturing services are being adopted and implemented, which drives the market for electronic manufacturing services globally as a result.
RESTRAIN:
Need to have an effective new production process
Consumer tastes alter as technology advances. Electronics makers must develop successful new products to stay competitive. Processes in place for an introduction. The operational margins are shrinking as a result of increased global competition in the market for electronic manufacturing services (EMS), which is costing the sector money. The electronic manufacturing services [EMS] market likewise experiences changes as a result of economic turbulence and cyclical demand. Furthermore, the absence of confidentiality and The hazards of information breaches and intellectual property theft are growing as a result of security.
OPPORTUNITY:
Growth to be Driven by Increasing Demand for Electric Vehicles
Due to the increased need for recyclable energy, the market is anticipated to have considerable growth over the forecast period. During the anticipated period, the market is anticipated to grow due to the rising demand for electric vehicles. Additionally, it is anticipated that the development of greener electronic gadgets will support market growth and increase market share globally. These elements were most likely to guarantee the expansion of the electronic manufacturing services (EMS) market in the next years. However, commercial expansion may be hampered by violations of intellectual property rights.
CHALLENGES:
Product updating.
Rising preference for the latest technology
Increased Preference for New Products & Technology May Limit Market Expansion The global market for electronic manufacturing services is no different from any other market in that it faces difficulties. The growing tendency towards shorter product lifecycles is one of the main issues hindering market growth and is negatively affecting the EMS sector. Additionally, due to the frequently shifting preferences of consumers, EMS organizations must maintain quick and efficient New Product procedures that may impede the market for electronic manufacturing services from expanding.
IMPACT ANALYSIS
Lockdowns, travel restrictions, and business closures caused by the COVID-19 pandemic epidemic have harmed the economy and industries of various countries, which has had an impact on the growth of the lighting control market. The COVID-19 epidemic, in the opinion of 60% of surveyed worldwide electronics manufacturers and suppliers, would have the largest effect on the consumer electronics sector, according to data from the IPC March 2020 study. Automobile electronics were anticipated to be the most severely impacted by 25% and industrial electronics by another 32%. Additionally, because most of the raw materials and spare parts are purchased from the local market in Asia Pacific, the region with the fastest rate of economic growth, there was a shortage of some components used in electronics as a result of the shutdown.
IMPACT OF RUSSIAN-UKRAINE WAR
More than 90% of the semiconductor-grade neon used in lasers in the United States comes from Ukraine used to make chips. According to market research company Techcet, the gas is cleaned in Ukraine and is a byproduct of the production of steel in Russia. An estimated 35% of the palladium comes from Russia utilized within the US. Among other things, the metal is utilized in sensors and memory.
Ukraine provides more than 20% of the Neon and tasers used in the production of computer chips. The gas is cleaned in Ukraine and is a byproduct of the production of steel in Russia. 35% of the palladium used in the United States comes from Russia. Among other things, the metal is utilized in sensors and memory. The companies that supply the chipmakers with materials for semiconductor fabrication do not directly feel the effects, but they import gases from Russia and Ukraine, including neon and palladium.
IMPACT OF ONGOING RECESSION
The location of individual companies and the general structure of the technology supply chain, however, have changed significantly since the last tech recession Based on many of the intriguing reward profiles that are currently available, being aware of these variances can create interesting difficulties for businesses and possibilities for investors. However, it is crucial to remember that both the overall organization of the technology supply chain industry and the positioning of individual enterprises have changed significantly since the last tech recession. Being aware of these variations can provide fascinating difficulties for businesses and possibilities for investors based on many of the enticing reward profiles that are currently available. Electronics manufacturing services (EMS) businesses now produce 31% less revenue income from telecom and networking than they did. It reached a peak of 53% of sales. Medical, industrial, instrumentation, and defense sales increased from 11% to 20% at the same time.
By Service
Electronics manufacturing services
Engineering services
Test & Development Implementation
Logistics Services
Others
By Industry
Consumer Electronics
Automotive
Heavy Industrial Manufacturing
Aerospace and Defense
Healthcare
IT and Telecom
Other
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The Asia Pacific market is dominated by the region, which has the greatest market share of 41%. With a 41% market share, the Asia Pacific region currently rules the industry and is predicted to do so throughout the forecast. Due to maintenance costs, material availability, and speed compared to other countries like the United States, China is a key contributor to its region. Cities in China like Penang and Shenzhen have grown to be important EMS [electronic manufacturing services] production hubs, drawing big names in consumer electronics like Apple Inc.
The second-largest global market share belongs to Europe. For PCBA assembly, research, prototype, and building, major European automakers like Volkswagen, BMW, and Renault collaborate with electronic manufacturing service providers.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The Major Players are Sanmina Corporation, Vinatronic Inc., Inventec, Hon Hai Precision Industry Co. Ltd, Bharat FIH - A Foxconn Technology Group, SIIX Corporation, Benchmark Electronics Inc., Flex Ltd, Quanta Computers Inc., Osram Opto Semiconductors GmbH, Kimball Electronics Inc., Jabil Inc., Celestica Inc., Wistron Corporation, General Electric Company, Argus Systems, Plexus Corporation, Sparton Corporation, Koninklijke Philips N.V., Integrated Microelectronics Inc. and other players are listed in the final report.
Benchmark Electronics Inc-Company Financial Analysis
Benchmark Electronics, Inc. was chosen by Geophysical Technologies Inc. in March 2021 to produce in large quantities the 'NuSeis NRU IC' seismic sensors of the future. NuSeis NRU IC high-volume manufacturing is provided by Benchmark Electronics, Inc. without sacrificing production quality.
To expand its telematics, lol, embedded systems, and human-machine interface (HMI) offerings, Celestica Inc. purchased PCI Private Limited, a Singapore-based electronics manufacturing services (EMS) supplier, in November 2021.
| Report Attributes | Details |
| Market Size in 2022 | US$ 504.3 Bn |
| Market Size by 2030 | US$ 859.93 Bn |
| CAGR | CAGR of 6.9 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Service (Electronics manufacturing services, Engineering services, Test & Development Implementation, Logistics Services, Others) • By Industry (Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace, and Defense, Healthcare, IT, and Telecom, Other) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Sanmina Corporation, Vinatronic Inc., Inventec, Hon Hai Precision Industry Co. Ltd, Bharat FIH - A Foxconn Technology Group, SIIX Corporation, Benchmark Electronics Inc., Flex Ltd, Quanta Computers Inc., Osram Opto Semiconductors GmbH, Kimball Electronics Inc., Jabil Inc., Celestica Inc., Wistron Corporation, General Electric Company, Argus Systems, Plexus Corporation, Sparton Corporation, Koninklijke Philips N.V., Integrated Microelectronics Inc. |
| Key Drivers | • Modernizing technological advancements • Increasing demands for manufacturing and customer services. |
| Market Opportunities | • Growth to be Driven by Increasing Demand for Electronic Vehicles |
Ans: Modernizing technological advancements and Increasing demands for manufacturing and customer services.
Ans: The Asia Pacific market is dominated.
Ans: Electronic manufacturing services market size was valued at USD 504.3 in 2022
Ans: The Electronic Manufacturing Services Market size was valued at US$ 504.3 Bn in 2022.
Ans: The Electronic Manufacturing Services Market is to grow at a CAGR of 6.9% over the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electronic manufacturing services Market Segmentation, By Service
8.1 Electronics manufacturing services
8.2 Engineering services
8.3 Test & Development Implementation
8.4 Logistics Services
8.5 Others
9. Electronic manufacturing services Market Segmentation, By Industry
9.1Consumer Electronics
9.2 Automotive
9.3 Heavy Industrial Manufacturing
9.4 Aerospace and Defense
9.5 Healthcare
9.6 IT and Telecom
9.7 Other
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1.1 North America Electronic manufacturing services market by Country
10.2.1.2 North America Electronic manufacturing services market by Service
10.2.1.3 North America Electronic manufacturing services market by Industry
10.2.4 USA
10.2.4.1 USA Electronic manufacturing services market by Service
10.2.4.2 USA Electronic manufacturing services market by Industry
10.2.5 Canada
10.2.5.1 Canada Electronic manufacturing services market by Service
10.2.5.2 Canada Electronic manufacturing services market by Industry
10.2.6 Mexico
10.2.6.1 Mexico Electronic manufacturing services market by Service
10.2.6.2 Mexico Electronic manufacturing services market by Industry
10.3 Europe
10.3.1 Europe Electronic manufacturing services market by Country
10.3.2 Europe Electronic manufacturing services market by Service
10.3.3 Europe Electronic manufacturing services market by Industry
10.3.4 Germany
10.3.4.1 Germany Electronic manufacturing services market by Service
10.3.4.2 Germany Electronic manufacturing services market by Industry
10.3. UK
10.3.5.1 UK Electronic manufacturing services market by Service
10.3.5.2 UK Electronic manufacturing services market by Industry
10.3.6 France
10.3.6.1 France Electronic manufacturing services market by Service
10.3.6.2 France Electronic manufacturing services market by Industry
10.3.7 Italy
10.3.7.1 Italy Electronic manufacturing services market by Service
10.3.7.2 Italy Electronic manufacturing services market by Industry
10.3.8 Spain
10.3.8.1 Spain Electronic manufacturing services market by Service
10.3.8.2 Spain Electronic manufacturing services market by Industry
10.3.9 The Netherlands
10.3.9.1 Netherlands Electronic manufacturing services market by Service
10.3.9.2 Netherlands Electronic manufacturing services market by Industry
10.3.10 Rest of Europe
10.3.10.1 Rest of Europe Electronic manufacturing services market by Service
10.3.10.2 Rest of Europe Electronic manufacturing services market by Industry
10.4 Asia-Pacific
10.4.1 Asia Pacific Electronic manufacturing services market by Country
10.4.2 Asia Pacific Electronic manufacturing services market by Service
10.4.3 Asia Pacific Electronic manufacturing services market by Industry
10.4.4 Japan
10.4.4.1 Japan Electronic manufacturing services market by Service
10.4.4.2 Japan Electronic manufacturing services market by Industry
10.4.5 South Korea
10.4.5.1 South Korea Electronic manufacturing services market by Service
10.4.5.2 South Korea Electronic manufacturing services market by Industry
10.4.6 China
10.4.6.1 China Electronic manufacturing services market by Service
10.4.6.2 China Electronic manufacturing services market by Industry
10.4.7 India
10.4.7.1 India Electronic manufacturing services market by Service
10.4.7.2 India Electronic manufacturing services market by Industry
10.4.8 Australia
10.4.8.1 Australia Electronic manufacturing services market by Service
10.4.8.2 Australia Electronic manufacturing services market by Industry
10.4.9 Rest of Asia-Pacific
10.4.9.1 APAC Electronic manufacturing services market by Service
10.4.9.2 APAC Electronic manufacturing services market by Industry
10.5 The Middle East & Africa
10.5.1 The Middle East & Africa Electronic manufacturing services market by Country
10.5.2 The Middle East & Africa Electronic manufacturing services market by Service
10.5.3 The Middle East & Africa Electronic manufacturing services market by Industry
10.5.4 Israel
10.5.4.1 Israel Electronic manufacturing services market by Service
10.5.4.2 Israel Electronic manufacturing services market by Industry
10.5.5 UAE
10.5.5.1 UAE Electronic manufacturing services market by Service
10.5.5.2 UAE Electronic manufacturing services market by Industry
10.5.6 South Africa
10.5.6.1 South Africa Electronic manufacturing services market by Service
10.5.6.2 South Africa Electronic manufacturing services market by Industry
10.5.7 Rest of Middle East & Africa
10.5.7.1 Rest of the Middle East & Asia Electronic manufacturing services market by Service
10.5.7.2 Rest of the Middle East & Asia Electronic manufacturing services market by Industry
10.6 Latin America
10.6.1 Latin America Electronic manufacturing services market by Country
10.6.2 Latin America Electronic manufacturing services market by Service
10.6.3 Latin America Electronic manufacturing services market by Industry
10.6.4 Brazil
10.6.4.1 Brazil Electronic manufacturing services market by Service
10.6.4.2 Brazil Africa Electronic manufacturing services market by Industry
10.6.5 Argentina
10.6.5.1 Argentina Electronic manufacturing services market by Service
10.6.5.2 Argentina Electronic manufacturing services market by Industry
10.6.6 Rest of Latin America
10.6.6.1 Rest of Latin America Electronic manufacturing services market by Service
10.6.6.2 Rest of Latin America Electronic manufacturing services market by Industry
11. Company Profile
11.1 Sanmina Corporation
11.1.1 Market Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Vinatronic Inc.,
11.2.1 Market Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Inventec,
11.4.1 Market Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Hon Hai Precision Industry Co. Ltd
11.4.1 Market Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Bharat FIH - A Foxconn Technology Group,
11.5.1 Market Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Benchmark Electronics Inc.,
11.6.1 Market Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Flex Ltd,
11.7.1 Market Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Quanta Computers Inc.,
11.8.1 Market Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Osram Opto Semiconductors GmbH
11.9.1 Market Overview
11.9.2 Financials
11.9.3 Product/Services/Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Kimball Electronics Inc.,
11.10.1 Market Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. USE Cases and Best Practices
14. Conclusion
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