Electronics Manufacturing Services Market Share Projected to Reach USD 839.02 Billion by 2030, Driven by Demand for Customized Electronics

The Electronics Manufacturing Services Market Share is expected to grow from USD 604.28 billion in 2023 to USD 839.02 billion by 2030, at a compound annual growth rate (CAGR) of 4.8%. This growth is driven primarily by increasing consumer demand for personalized and advanced electronic goods, as well as the development of electronics technology.



Drivers & Opportunities in the Market Expansion

Continuing the previous consumer trend, consumers and businesses now expect a bespoke electronic device with a functional feature set tailored to their particular requirements. This trend calls for versatile manufacturing processes that can meet diversified product demands, making EMS providers as key partners to fulfil customer needs with tailor-made solutions. The advancement of Internet of Things (IoT), artificial intelligence (AI), and 5G connectivity has equipped consumers with technologically advanced electronic devices. They facilitate the integration of these technologies into products via EMS, enabling improved production efficiencies and time to market. OEMs are progressively outsourcing their fabrication operations to EMS providers so that OEMs can concentrate on core segments such as research and development, marketing, and distribution. This strategy help OEMs to minimize the operational costs and streamline the response for ever changing market changes.

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Segmentation Analysis

The EMS market is segmented based on service, application, and region:

by Service: EMS providers provide full service, including design and engineering support services, manufacturing, assembly, testing, and aftermarket services. For this reason, the design and engineering services will cover product concepts and development, while manufacturing includes the production of electronic components and devices. Assembly is where components are put into final products and testing ensures that the assembly works and is up to quality. Aftermarket services such as repair and refurbishment, and end-of-life services.

by Application: EMS providers serve a range of industries, such as consumer electronics, automotive, healthcare, industrial, aerospace and defense, and telecommunications. For example, EMS companies are making smartphones, tablets, etc in the consumer electronics market. EMS is essential for electronic control unit & infotainment systems in automotive sector. The health care applications are medical device, diagnostic equipment; the industrial applications where automation systems, control unit, etc. Aerospace & Defence employees EMS in avionics and communication systems; and in telecommunications EMS is used in networking equipment and infrastructure components.

Country-Level Analysis

United States —The U.S EMS market is primarily known for its advanced technological base and high innovation. The demand for EMS providers driven by the presence of leading technology companies and the presence of a robust startup ecosystem. Furthermore, the localization of manufacturing has forced companies to increase domestic manufacturing capabilities.

Germany: Beneficed from its industrial foundation and engineering and manufacturing leadership, Germany is the largest German EMS market. This increase in demand for sophisticated electronic components is felt by EMS providers, making them an essential part of the industrial ecosystem of the country that gears up towards Industry 4.0 and the automation space.

China continues to be an EMS powerhouse due to its large manufacturing base and cost advantage. That said, some firms are looking to diversify their production sites in light of changes to global supply chains and trade agreements. Continued drive for domestic semiconductor fab and mature electronics production fuels Chinese EMS market

India is becoming the next major electronics manufacturing base with strong government incentives to increase local manufacturing and cut import dependence. Note: Government initiatives supporting electronics manufacturing have bolstered India’s position in the global supply chain already, with several major EMS providers commissioning facilities in the country.

Mexico: With its proximity and trade agreements with the United States, Mexico became in interested location for EMS providers. We are also seeing a big movement towards electronics manufacturing investment by the rest of the world trying to setup production capabilities in the country to support the North American market.

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Competitor Analysis

There are several key players in the EMS market, dominating the highly competitive industry:

Foxconn (Hon Hai Precision Industry Co., Ltd.): Foxconn is the largest contract electronics manufacturer in the world, serving major clients such as Apple and manufacturing a variety of electronic products. Continued growth driven by its place in the market and operational efficiencies

Flex Ltd.: Production and design capabilities available and previously known as Flextronics that covers a wide and varied sector of industries. Strengthened market position in EMSSmart and sustainable solutions are at the core of the company's strategy.

Jabil Inc: Based in the United States, Jabil provides broad-based design, manufacturing, and supply chain services in a variety of industries. With a wide global footprint and a strong focus on technology, the company has been able to cater to varied customer requirements.

Sanmina Corporation — Sanmina provides integrated manufacturing solutions, components and after-market services. Its legacy of high-reliability products and systems in specialized end-user verticals has positioned the company as a leader within the EMS landscape.

Celestica Inc.: A Canadian company that offers end-to-end product lifecycle solutions, including design, manufacturing, and supply chain services. With a reputation for quality and customer service, the company has made its mark as a leader in EMS.

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Conclusion

The demand for customized electronic products and the rapid technological advancements in the field are major factors bolstering the global Electronics Manufacturing Services market growth. As industries evolve to innovate and consumers demand ever-higher levels of customized electronics solutions, EMS is poised to continue its prominence as a vital supplier of quality, efficient and scalable manufacture. Automation, sustainability, and the adoption of advanced technologies will define the future of the industry, opening the door to vast opportunities for both incumbents and new entrants.

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