Electronic Manufacturing Services (EMS) Market Analysis and Forecast to 2032: By Services (Design, Testing, Manufacturing & Production), End-User Industry (Telecom & IT, Consumer Electronics , Industrial, Automotive, Aerospace & Defense, Others), and Region

The global electronic manufacturing services market was valued at USD 476.9 billion in 2022 and it is anticipated to grow further till USD 832.8 billion by 2032, at a CAGR of 5.7% during the forecast period.

An Electronic Manufacturing Services (EMS) provider is a company that offers a comprehensive set of services to design, manufacture, test, and deliver electronic components and assemblies for original equipment manufacturers (OEMs).

The EMS industry has evolved over the past few decades in response to the needs of OEMs. In the early days of electronics manufacturing, OEMs typically designed their own products and then outsourced the manufacturing to third-party contract manufacturers. However, as electronics became more complex and the manufacturing process more specialized, OEMs began to focus on their core competencies and outsourced an increasing number of manufacturing functions to EMS providers.

Global Electronics Manufacturing Services Market Scope and Report Structures
Report Attribute Details
Market Size in 2022$476.9 Bn
Market Size in 2032$832.8 Bn
Growth Rate (2022-32)5.7%
Historic Period2016-2021
Forecast Period2023-2032
Base Year2022
Segments CoveredServices, End User Industry, and Region
Key CompaniesCreation Technologies, Flextronics International, Integrated Microelectronics, Inc., Jabil Circuit, Inc., Key Tronic EMS, Celestica, Kimball Electronics, Inc., Plexus Corp, ESCATEC, and Sanmina Corporation among others.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

The key drivers of the EMS market are the continued outsourcing of manufacturing by Original Equipment Manufacturers (OEMs), the trend towards miniaturization of electronics, and the need for speed to market.

OEMs are increasingly outsourcing manufacturing to EMS providers in order to focus on their core competencies and reduce costs. The EMS industry has benefited from the trend towards the miniaturization of electronics, as the miniaturization of components has led to increased demand for EMS services.

The need for speed to market is another driver of the EMS market, as OEMs are under pressure to bring new products to market quickly in order to stay competitive.

Market Restraints and Challenges

The key restraints and challenges in the Electronic Manufacturing Services (EMS) market are:

1. Increasing cost pressures: Cost pressures are increasing in the EMS market due to the rising cost of raw materials, labor, and other manufacturing costs. This is forcing EMS providers to either increase prices or reduce margins.

2. Competitive pressure: There is intense competition in the EMS market, which is driving down prices and margins. EMS providers are also facing pressure to offer more value-added services to differentiate themselves from competitors.

3. Technology challenges: The EMS market is constantly evolving, and providers must continuously invest in new technologies to stay ahead of the competition. This can be a challenge for EMS providers, particularly small and medium-sized companies, who may not have the resources to invest in new technologies.

4. Quality challenges: Quality is a critical issue in the EMS market, and providers must meet stringent quality requirements to win and keep customers. EMS providers must also constantly monitor and improve quality to ensure that their products meet customer expectations.

Global Electronic Manufacturing Services Market Segmental Overview

The global electronic manufacturing services market is segmented into services, end user industry, and regions.

Global Electronic Manufacturing Services Market by Services 

Based on services, it is segmented into design, testing, manufacturing & production. The design segment is anticipated to dominate the market during the forecast period. Similarly, the testing segment is anticipated to witness the fastest growth during the forecast period.

Global Electronic Manufacturing Services Market by End User Industry

Based on end user industry, it is segmented into telecom & IT, consumer electronics, industrial, automotive, aerospace & defense, and others. The telecom & IT segment is anticipated to dominate the market during the forecast period. Similarly, the consumer electronics segment is anticipated to witness the fastest growth during the forecast period.

Geographical Analysis of the Global Electronic Manufacturing Services Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, the Europe region is anticipated to witness the fastest growth during the forecast period.

Major Players in the Global Electronic Manufacturing Services Market

The key players studied in the market are Creation TechnologiesFlextronics InternationalIntegrated Microelectronics, Inc.Jabil Circuit, Inc.Key Tronic EMSCelesticaKimball Electronics, Inc.Plexus CorpESCATEC, and Sanmina Corporation among others.

COVID-19 Impact

In particular, the COVID-19 pandemic has accelerated the adoption of digital technologies in the healthcare industry, leading to new innovations and a rise in the use of virtual care at hospitals and other healthcare organizations. These innovations concentrate on enhancing patient outcomes, speeding the rate of digital innovation and presenting business prospects. Players in the market for electronic manufacturing services. Regular corporate processes have also been impacted by the pandemic, necessitating substantial digitalization. The growing reliance of consumers on technology for daily tasks, entertainment, and communication has benefited industrial development.

Recent Developments
  • March 2021, Jabil Healthcare, strategically collaborated with E3D, to expand its pharmaceutical offerings and services. The agreement agrees Jabil Healthcare to develop related auto-injectors for dosing volumes and patient-centric benefits by designing and engineering innovative digital drug delivery devices in the market.
  • March 2021, Ouster, Inc. partnered with Benchmark Electronics, Inc., to scale up the production of its high-resolution digital LIDAR sensors for smart infrastructure, robotics, industrial automation, and automotive industries.
Frequently Asked Questions

Q1. How big is the Electronic Manufacturing Services market?

Ans. The global Electronic Manufacturing Services market size was USD 476.9 Billion in 2022 and it is anticipated to grow further till USD 832.8 Billion by 2032, at a CAGR of 5.7% from 2023 to 2032.

Q2. What is the Electronic Manufacturing Services market growth rate?

Ans. The growth rate of the Electronic Manufacturing Services market is 5.7%.

Q3. Which region holds a major market share for the Electronic Manufacturing Services market?

Ans. North America holds a major market share of the Electronic Manufacturing Services market in 2022.

Q4. Which segment accounted for the largest Electronic Manufacturing Services market share?

Ans. By services, design segment accounted for the largest Electronic Manufacturing Services market share.

Q5. Who are the key players in the Electronic Manufacturing Services market?

Ans. The global Electronic Manufacturing Services market report includes players such as Creation TechnologiesFlextronics InternationalIntegrated Microelectronics, Inc.Jabil Circuit, Inc.Key Tronic EMSCelesticaKimball Electronics, Inc.Plexus CorpESCATEC, and Sanmina Corporation among others.

Q6. What are the factors driving the Electronic Manufacturing Services market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of Electronic Manufacturing Services market players?

Ans. The key growth strategies of Electronic Manufacturing Services market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Electronic Manufacturing Services market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Electronic Manufacturing Services market during the forecast period.

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Electronic Manufacturing Services (EMS) Market Outlook
3.1. Electronic Manufacturing Services (EMS) Market segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Electronic Manufacturing Services (EMS) Market

Chapter 4. Economic Impact of COVID-19 on Electronic Manufacturing Services (EMS) Market
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Electronic Manufacturing Services (EMS) Market
4.3. Economic Impact Analysis

Chapter 5. Electronic Manufacturing Services (EMS) Market by Services
5.1. Market Overview
5.2. Design
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Testing
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Manufacturing & Production
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Electronic Manufacturing Services (EMS) Market by End-User
6.1. Market Overview
6.2. Telecom & IT
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Consumer electronics
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Industrial
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Electronic Manufacturing Services (EMS) Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.2.3. North America Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.4. North America Electronic Manufacturing Services (EMS) Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.2.5.2. The U.S. Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.2.6.2. Canada Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.2.7.2. Mexico Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.3. Europe Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.4. Europe Electronic Manufacturing Services (EMS) Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.5.2. Germany Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.6.2. France Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.7.2. U.K. Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.8.2. Spain Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.9.2. Italy Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Electronic Manufacturing Services (EMS) Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.4. Asia-Pacific Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.5.2. China Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.6.2. India Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.7.2. Japan Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.8.2. South Korea Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.5.3. Rest of the World Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.4. Rest of the World Electronic Manufacturing Services (EMS) Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.5.5.2. Latin America Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.5.6.2. Middle East Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Electronic Manufacturing Services (EMS) Market Size and Forecast by Services, 2021-2031, ($Million)
7.5.7.2. Africa Electronic Manufacturing Services (EMS) Market Size and Forecast by End-User, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. Creation Technologies
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Flextronics International
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Integrated Microelectronics, Inc.
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Jabil Circuit, Inc.
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Key Tronic EMS
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Celestica
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Kimball Electronics, Inc.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Plexus Corp
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. ESCATEC
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Sanmina Corporation
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of company is subject to change during the final compilation of the report

 

Market Segmentation

By Services 

  • Design
  • Testing
  • Manufacturing & Production

By End-User 

  • Telecom & IT
  • Consumer electronics
  • Industrial
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • The Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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