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Electronic Manufacturing Services (EMS) Market Size

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

 

Electronic Manufacturing Services (EMS) Market Report Attributes
Report Attribute Details
Base Year:2022
Electronic Manufacturing Services (EMS) Market Size in 2022:USD 500 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:5%
2032 Value Projection:USD 1000 Billion
Historical Data for:2018 to 2022
No. of Pages:140
Tables, Charts & Figures:337
Segments covered:Service, Application, and Region
Growth Drivers:
  • Growing need to shorten the time to market
  • Growing penetration of smartphones and smart devices
  • Production shift to countries in Asia Pacific with low labor cost
  • Growing opportunities in medical device manufacturing in North America and Europe
  • Rising trend of outsourcing by OEMs to enhance productivity
  • Increasing electrification in vehicles and rising shift towards electric vehicles
  • Proliferation of smart home devices in developing nations
    • Pitfalls & Challenges:
  • Focus of companies on high volume services
  • High risks associated with the model and lack of risk management competencies
    • Learn more about the key segments shaping this market
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    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

  • Electronic Manufacturing Services (EMS) Market Size
  • Electronic Manufacturing Services (EMS) Market Analysis
  • Electronic Manufacturing Services (EMS) Market Share

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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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