The Worldwide Electronics Manufacturing Services Market – 2023 Edition

The Worldwide Electronics Manufacturing Services Market – 2023 Edition


SKU: WEMSM-2-2-2-1 Category:


The worldwide electronics manufacturing services (EMS) market is a determining force in production of electronics products and now accounts for 49 percent of all assembly. Outsourcing grew exceptionally in 2021 but fell flat in 2022 due to computer and smartphone markets being saturated. The COVID-19 crisis continues to disrupt the supply chain and labor force. The EMS industry grew by 7.7 percent CAGR but only 1.7 percent in 2022–the lowest rate of the period.

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 – 2023 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 $1.416 trillion in 2022 and will grow to approximately $1.747 trillion in 2027 at a CAGR of 4.3 percent, ostensibly fueled by the demand for EMS services. The contract manufacturing industry by itself will grow from $694 billion in 2022 to $907 billion in 2027 at a 5.5 percent CAGR.

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 1,000+ 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 (103 companies–86 EMS and 17 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:

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