Description
The worldwide electronics manufacturing services (EMS) market is a determining force in production of electronics products and now accounts for 42 percent of all assembly. Outsourcing declined -8.0 percent in 2023 due to a surplus of sales and overstock in the communications and computer markets. Consumers had depleted stocks in 2022 when there was a perceived demand for extra computing power for backup that was also driven by cheap and available PCs and smartphones. Demand for these products recovered in 1H24.
New Venture Research (NVR) has followed this industry for over 30 years and is pleased to offer our latest update on this continually expanding market. Our report, The Worldwide Electronics Manufacturing Services Market – 2024 Edition, is the most comprehensive market research report on the EMS industry. This analysis focuses on the leading players, growing market segments, total available market (TAM), and emerging manufacturing opportunities and technologies by product and country.
The report begins with an analysis of the worldwide electronics OEM assembly market, giving a baseline for the manufacturing value of electronics product assemblies. A forecast is checked against 46 individual product segments that make up the majority of electronics assembly (automotive, consumer, industrial, medical, aviation, and aerospace and defense industries). NVR estimates that total electronics assembly value (OEM+EMS+ODM) was $1.5 trillion in 2023 and will grow to approximately $1.8 trillion in 2028 at a CAGR of 4.6 percent, ostensibly fueled by the demand for EMS services. The contract manufacturing industry by itself will grow from $638 billion in 2023 to $800 billion in 2028.
To support this conclusion, the report analyzes the EMS industry in a variety of ways. First, it reviews the worldwide market for EMS and OEM electronics assembly by individual product. Second, the report analyzes the EMS industry, including a breakdown of the market leaders and relative share by industry and region. Third, the market opportunity for emerging growth is presented by product and country across 50 countries, 46 product segments, and 1,140 manufacturing sites. No other report gives such detail by country wage rate and regional product assembly. The data can also be purchased as an Excel file to allow for easy analysis of the hundreds of variables collected in the report.
The report also includes an EMS financial performance analysis for the best-performing companies and examines a variety of critical financial metrics. Another chapter reviews EMS mergers and acquisitions for the past few years and the impact on the growth of the industry and its competitiveness.
The report concludes with profiles of the largest EMS and ODM firms (100 companies–82 EMS and 18 ODM) from all over the world. These reviews summarize the market focus of each company, its leading customers, and each company’s financial production performance statistics. The intent of these profiles is to serve as a global directory and competitive analysis tool for industry participants.
Download a complete brochure of the report here: https://newventureresearch.com/wp-content/uploads/ems2024-2.pdf/
