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Electronic Manufacturing Services (EMS) Market - By Service (Electronics Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services), By Application & Global Forecast, 2023-2032

  • Report ID: GMI2971
  • Published Date: Feb 2023
  • Report Format: PDF

Electronic Manufacturing Services Market Size

Electronic Manufacturing Services Market size was worth around USD 500 billion in 2022 and is projected to grow at over 5% CAGR from 2023 to 2032, owing to the growing penetration of smart devices globally.
 

Electronic Manufacturing Services Market

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Growing working-class populations in emerging nations have increased demand for consumer electronics and high-end technological products. Furthermore, industry participants are accelerating their efforts to adapt to emerging technologies and provide the best services and solutions to clients, which is expected to enhance market performance through 2032. For instance, in Oct 2021, the first Automation Center by OMRON in Europe received a major redesign and now incorporates a vast demonstration space for innovative automation applications. Across the facility, visitors can experience full industrial automation solutions by the company, including quality control, robotics, flexible manufacturing, and AI, and learn how to adapt their business to meet the altering customer needs.
 

Rising adoption of high-volume production strategies to impede the electronic manufacturing services market growth

Rising emphasis on mass production by manufacturing companies results in significant upfront costs due to space constraints and the demand for infrastructure and equipment. Mass manufacturing also impacts the quality and delivers generic products, limiting the manufacturers' capacity to create personalized products that fit individual client requirements. Furthermore, the trend toward shorter product lifecycles is having a negative impact on industry growth. As consumer preferences vary from time to time, EMS firms must maintain quick and effective new product introduction procedures to overcome this restraint.
 

Electronic Manufacturing Services Market Analysis

Electronic Manufacturing Services (EMS) Market, by Service

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Electronics manufacturing segment is further segmented into PCB assembly, cable assembly, electromechanical assembly/box build, testing, and prototyping. The PCB assembly segment generated more than USD 300 billion in revenue in 2022 and is expected to depict appreciable growth through 2032 as demand for smart electronic devices rises. A wide range of consumer electronic devices rely heavily on well-designed and manufactured PCBs with a large number of connections. Furthermore, the introduction of 3D printing has helped lower the cost, time required, and resources contributing to PCB development.
 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Electronic manufacturing services industry was valued at around USD 500 billion in 2022 and is poised to witness over 5% CAGR from 2023 to 2032, driven by the escalating adoption of smart devices worldwide.

Medical & healthcare application segment of the electronic manufacturing services market accumulated over 5% market share in 2022 and is estimated to record substantial growth attributed to the rapid utilization of compact digital electrical components and wearables devices across the medical sector.

Asia Pacific electronic manufacturing services market accounted for more than 40% share in 2022 and is anticipated to grow substantially through 2032 owing to the expanding electronics sector across the major APAC countries.

Compal Electronics, Inc., FLEX LTD, Jabil, Inc., Sanmina Corporation, and Wistron Corporation are a few of the leading enterprises operating in the electronic manufacturing service market.

Electronic Manufacturing Services (EMS) Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 337
  • Countries covered: 31
  • Pages: 140
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