BANGALORE, India, June 25, 2024 /PRNewswire/ -- Electronics
Manufacturing Services (EMS) Market is Segmented by Type
(Electronic Manufacturing, Engineering Services, Test Development
and Implementation, Logistics Services), by Application (Consumer
Electronics, Computer, Communications, Industrial, Automotive
Electronics).
The Electronics Manufacturing Services (EMS) Market was
estimated to be worth USD 509100
Million in 2023 and is forecast to a readjusted size of
USD 735390 Million by 2030 with a
CAGR of 4.8% during the forecast period 2024-2030.
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Major Factors driving the growth of Electronics Manufacturing
Services (EMS) Market
The expansion of consumer electronics, automotive electronics,
and industrial automation is driving the steady growth of the
Electronics Manufacturing Services (EMS) market. EMS suppliers
serve a variety of industries worldwide by providing a range of
services, such as design, assembly, testing, and logistics
management. Companies are spending more and more on EMS suppliers
to shorten product life cycles, lower manufacturing costs, and
preserve production volume flexibility due to the quick speed of
technological innovation. Furthermore, the EMS environment is
changing due to the shift towards smart devices, IoT solutions, and
sustainable manufacturing processes. This is encouraging innovation
and rivalry among industry players.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL ELECTRONICS
MANUFACTURING SERVICES MARKET:
One of the main factors propelling the growth of the Electronics
Manufacturing Services (EMS) market is the demand for computers,
including desktops, laptops, and servers. All industries are
becoming more and more dependent on digital technology, which has
increased demand for dependable, high-performance computing
equipment. By providing specialized manufacturing skills that
guarantee the successful and economical production of computer
hardware, EMS providers are essential in addressing this need.
Their services, which assist computer makers in maintaining high
levels of quality and accelerating time-to-market, include
component sourcing, PCB assembly, system integration, and rigorous
testing. The complex and extensive manufacturing of computers
depends on EMS suppliers, which has a substantial positive impact
on the expansion of the EMS sector.
Because engineering services are essential to the design,
development, and optimization of electronic products, they are
propelling the Electronics Manufacturing Services (EMS) market's
expansion. EMS businesses assist original equipment manufacturers
(OEMs) in improving product functionality, cutting time-to-market,
and increasing cost efficiency by providing comprehensive
engineering solutions that include product design, prototyping,
testing, and validation. Companies may ensure that their goods
fulfill strict technical and regulatory standards while
concentrating on innovation and core skills by utilizing the
superior engineering capabilities of EMS suppliers. The EMS
framework's integration of engineering services quickens the pace
of product creation and stimulates market expansion as a whole.
Another major factor propelling the EMS market is the growing
complexity of electrical gadgets. Advanced technologies like IoT
connectivity, AI integration, and improved user interfaces are
frequently found in modern devices, necessitating complex
manufacturing procedures. The technological know-how, specialized
tools, and quality control systems required to manufacture these
intricate devices are possessed by EMS suppliers. They provide
services including comprehensive testing, fast prototyping, and
design for manufacturability (DFM) to make sure high-tech goods
adhere to strict performance and quality standards. The market for
EMS is being driven by the increasing complexity of electronic
devices, which drives up demand for EMS providers' advanced
manufacturing skills.
Among the main reasons why businesses outsource to EMS providers
are cost effectiveness and a strategic focus on core capabilities.
Businesses can limit inventory risks, cut labor expenses, and save
capital expenditures on manufacturing buildings and equipment by
utilizing EMS services. Businesses are able to devote more
resources to marketing, customer service, and innovation because of
this financial efficiency. Further lowering costs are provided by
EMS providers' economies of scale, improved supply chain
management, and procurement know-how. With the help of this
outsourcing approach, businesses may take use of the affordable
manufacturing solutions provided by EMS providers while
concentrating on their key skills, such as product design and
market strategy.
The need for specialized EMS providers is being driven by the
electronics industry's escalating regulatory and quality standards.
To guarantee dependability, safety, and compliance with
environmental regulations, regulatory agencies from all over the
world place strict standards on electronic equipment. With services
like compliance testing, certification procedures, and adherence to
industry standards like ISO and RoHS, EMS companies are prepared to
handle these intricate requirements. Companies may guarantee that
their products fulfill these strict criteria and lower the risk of
non-compliance penalties and recalls by outsourcing to EMS
providers. EMS providers are essential partners because of their
capacity to continuously produce compliant, high-quality products,
which drives the expansion of the EMS sector.
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ELECTRONICS MANUFACTURING SERVICES MARKET SHARE
HONHAI, Luxshare, and Pegatron are some of the major global
participants in the electronics manufacturing services (EMS)
industry. Over 40% of the market is occupied by the top three
companies.
With a market share of almost 45%, Asia-Pacific is the largest, followed by
North America and Europe, with respective market shares of 27%
and 21%.
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Key Companies:
- Jabil
- Pegatron
- Venture
- Plexus
- Kaifa
- Celestica
- Sanmina
- SIIX
- HonHai
- Flex Ltd
- Wistron
- LUXSHARE
- Byd Electronics.
- Quanta
- Qisda Corporation
- USI
- New Kinpo
- Zollner
- Fabrinet
- Mitac
- Longcheer
- UMC
- Benchmark
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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- Electrical Discharge Machining Services market was
valued at USD 11010 Million in 2023
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- Military Electronic Component Reliability Testing
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Million by 2030, witnessing a CAGR of 10.2% during the
forecast period 2024-2030.
- Agricultural Electronics Market was estimated to be
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Million by 2030 with a CAGR of 8.3% during the forecast
period 2024-2030.
- Nano Electronics Market
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Market
- Semiconductor Track System market is projected to reach
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reach USD 66420 Million by 2029,
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valued at USD 11810 Million in 2023
and is anticipated to reach USD 18710
Million by 2030, witnessing a CAGR of 6.4% during the
forecast period 2024-2030.
- 3PL for Consumer Electronics Market
- Development of the Indian ESDM (Electronics System
Design and Manufacturing) Industry
- Contract Manufacturing Services Market revenue was
USD 150650 Million in 2022 and is
forecast to a readjusted size of USD 221600
Million by 2029 with a CAGR of 5.6% during the review period
(2023-2029).
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