Global Electronic Manufacturing Services Market Insights Forecasts to 2030

• The Electronic Manufacturing Services market was valued at USD 500 billion in 2021.
• The market is growing at a CAGR of 6% from 2022 to 2030
• The global Electronic Manufacturing Services market is expected to reach USD 750 billion by 2030
• North America is expected to grow the fastest during the forecast period

The global Electronic Manufacturing Services market is expected to reach USD 750 billion by 2030, at a CAGR of 6% during the forecast period 2022 to 2030. The main reason behind the market growth is due to the increasing trends of outsourcing of engineering services and contract manufacturing services by consumer electronics OEMs across the world.

Market Overview

Electronic manufacturing services are offered by the companies which design, produce, assemble and test electronic components and printed circuit board assemblies for original equipment manufacturers. EMS companies also provide different types of manufacturing services like assembly, design and testing. Electronic manufacturing services has reduced the requirement for companies in manufacturing and storing huge inventory of electronic components and products. Not only this but also electronic manufacturing service providers also provide enhanced flexibility by responding to increasing demands instantly and efficiently. So, the services provided by the market players are product management design engineering services, Supply Chain Management Services, box build services, test engineering services and others. The electronic manufacturing industry is known as a front runner in terms of of leading technological advances both in coming up with new ideas and implementing them practically in their products. The latest advancement of medical devices and the use of sustainable equipment have increased the demand of electronic manufacturing services.

Report Coverage

This research report categorizes the market for electronic manufacturing services market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the electronic manufacturing services market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the electronic manufacturing services market.

Driving Factors

The introduction of green electronic devices is boosting the electronic manufacturing services market extensively. These devices are made using recyclable parts, reduced carbon emission and non toxic chemicals during production. Not only this but it also helps in reducing carbon footprint, improve process control and lower energy consumption. The increasing concerns about rising e-waste  across the world have also resulted to the innovation of green electronic products. The increasing carbon emissions mainly while producing electronic devices result electronic manufacturing service provider to opt sustainable plans to eliminate emissions.

Restraining Factors

Intellectual property rights are important to offers secure legal protection to the innovative creation of electronic devices because they offer a competitive edge to the business owners. The violation of such right not only affect the privacy policies of the invested and the innovator but also hamper the economic development across the market. Small and medium-sized businesses focus on the speedy growth in the market by avoiding the importance of intellectual property rights which promise to provide ample business scope within a safer environment. So the market players have to work on their primary manufacturing process and security attain the intellectual property rights. Does the violation and lack of such things are going to hamper the market growth.

Market Segmentation

• In 2021, electronic manufacturing segment dominates the market with over 60% market share.

Based on service, the global electronic manufacturing services market is segmented into Electronics Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services. Among these, electronic manufacturing segment is dominating the market with over 60% market share and is going to witness the growth rate of 6% over the forecast period. The main reason behind the segmental growth is the increasing trend of high-volume manufacturing of Advanced safety system among the automotive OEMs. Different Automotive safety systems like Lane departure warning system, parking assistance systems, advanced telematics, and adaptive cruise control are integrated into the vehicles. Electronic manufacturing service providers produce such components with an aim to support the automotive industry participants. In addition, computer manufacturers add project to switch towards electronic manufacturing service providers to provide fast delivery of the product in the market and manage Logistic services during the pandemic. In addition, market leaders are also focusing on collaborative efforts in improving their mass production of computing solutions like laptops and desktops.

• In 2021, computer segment holds the overall revenue share of 30% over the forecast period.

On the basis of application, the global electronic manufacturing services market is segmented into Computer, Consumer Electronics, Aerospace & Defense, Medical & Healthcare, Automotive, Semiconductor Manufacturing, Robotics. Among these, the computer segment holds the largest market share of 30% and is anticipated to expand at a CAGR of 7% over the forecast period. The main reason behind the industry expansion is the increasing use of bring your own device and work from home policies by the IT industry across the world. This trend has led to the increasing demand for various computing devices that include desktop, workstations and laptops that create high growth opportunities for electronic manufacturing service providers in the market. In fact computer manufacturers are shifting towards electronic manufacturing service providers for the first delivery of the products in the market and manage the logistics services during the COVID 19 period.

Regional Segment Analysis of the Electronic Manufacturing Services Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific emerged as the largest market for the global Electronic Manufacturing Services market in 2021.

In 2021, Asia pacific region is dominating the market with the market share of 40% and is anticipated to attain a CAGR of 7% over the forecast period. The main reason behind the growth of this region is favourable initiatives taken by the government to support medical device manufacturing across China, India, and South Korea. The initiatives mainly focus to boost the domestic manufacturing the medical devices and healthcare. Through the help of funding the government will be providing tax benefits to foreign medical electronics manufacturers if they set up manufacturing plants across the region.

List of Key Market Players

• FLEX Ltd.
• Foxconn
• Jabil, Inc.
• Sparton Corporation
• Fabrinet
• Wistron Corporation
• Sanmina Corporation

Market Segmentation

Electronic Manufacturing Services Market, By Service

• Electronics Manufacturing
• Engineering Services
• Test & Development Implementation
• Logistics Services
• Others

Electronic Manufacturing Services Market, By Application

• Computer
• Consumer Electronics
• Aerospace & Defense
• Automotive
• Medical & Healthcare
• Robotics
• Semiconductor Manufacturing
• Others

Electronic Manufacturing Services Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa