Global Electronic Manufacturing Services (EMS) Market by Services (Electronic Manufacturing, Electronics Assembly, Electronic Design & Engineering, Supply Chain Management, and Others), Applications (Automotive, Aerospace & Defence, Commercial Aviation, Computer, Communication, Consumer Electronics, Industrial, Medical & Healthcare, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

The global electronic manufacturing services (EMS) market is expected to register a robust CAGR during the forecast period, between 2021 and 2028. Electronics Manufacturing Services (EMS) refers to both specific type of company and the overall market. It is often used interchangeably with contract electronics manufacturing (CEM) or contract manufacturing services (CMS). EMS providers' services, designed specifically for OEMs, allow manufacturers to focus on their primary business, namely product research and development, as well as sales and marketing of their equipment. Electronics manufacturing businesses offer a wide range of manufacturing and related services, including engineering, supply chain management, and product management assistance, and after-sales service. Companies that provide electronic manufacturing services (EMS) work with original equipment manufacturers (OEMs) or original design manufacturers (ODMs) to build electronic components or subassemblies.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing penetration of smartphones and smart gadgets driving the market.
• Growing electrification in automobiles and growing trend toward electric vehicles drives the market.
• Government-owned orbiting robotic surveillance systems, as well as developments in radar and optical imaging versions, are boosting the market.
• The growing tendency of OEMs to outsource to improve efficiency is the primary factor driving the market.
• High demand for automotive and communication electronics are the key factors driving the market.
• The market growth is hampered by lack of qualified professionals who are familiar with IoT technology.
• Smart technology is being implemented across the industrial spectrum, providing lucrative opportunities for electronics companies.

Scope of the report:

The report on the electronic manufacturing services (EMS) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Electronic Manufacturing Services (EMS) Market Segment Insights:

The electronic manufacturing segment is projected to hold significant market share

Based on services, the electronic manufacturing services (EMS) market can be segmented as electronic manufacturing, electronics assembly, electronic design & engineering, supply chain management, and others. The electronic manufacturing segment is projected to hold significant market share. The electronic manufacturing services include the creation of radio frequency and wireless devices, optoelectronics services, and microelectronics devices for current smart home trends. The rising adoption of smart home goods in developing nations, with China gaining the major share of the market is estimated to drive the market. Electronics manufacturing services market players are expanding their manufacturing facilities in order to embrace developing products to suit the market's rising demand for smart home services. Market leaders are integrating cloud computing, artificial intelligence (AI), 3D printing, and big data processing to improve their manufacturing and factories in order to produce mobile technologies for smart homes.

The communication segment is anticipated to account for a substantial share

On the basis of applications, the market is segregated into automotive, aerospace & defence, commercial aviation, computer, communication, consumer electronics, industrial, medical & healthcare, and others. The communication segment is anticipated to account for a substantial share. The expansion of communications electronic market is being driven by the rising usage of networking and wearable technologies, as well as better cell phone penetration. The market's digitalization necessitates employment of advanced electronics and abilities, as well as high-level networking.

Asia Pacific is expected to dominate the market

In terms of regions, the electronics manufacturing services (EMS) market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. China is one of the world's major markets for EMS due to its substantial presence in consumer electronics, semiconductors, and other telecommunications products and machinery manufacturing industries. The region's focus on enhancing telecommunications and navigation equipment is opening up opportunities for market suppliers. Government-owned orbiting robotic surveillance systems, as well as developments in radar and optical imaging versions, are propelling the market.

Segments

Segments Covered in the Report:
By Services

• Electronic manufacturing
• Electronics assembly
• Electronic design & engineering
• Supply chain management
• Others

By Applications

• Automotive
• Aerospace & Defence
• Commercial Aviation
• Computer
• Communication
• Consumer Electronics
• Industrial
• Medical & Healthcare
• Others

By Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

By Key Players

• Vinatronic Inc.
• Hon Hai Precision Industry Co. Ltd (Foxconn)
• Sanmina Corporation
• Benchmark Electronics Inc.
• Flex Ltd
• SIIX Corporation
• Jabil Inc.
• Creation Technologies LP
• Celestica Inc.
• Wistron Corporation

Competitive Landscape

Key players in the electronics manufacturing services (EMS) market include Vinatronic Inc.; Hon Hai Precision Industry Co. Ltd (Foxconn); Sanmina Corporation; Benchmark Electronics Inc.; Flex Ltd; SIIX Corporation; Jabil Inc.; Creation Technologies LP; Celestica Inc.; and Wistron Corporation. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.