The worldwide electronics manufacturing services (EMS) market is a determining force in the production of electronics products and now accounts for 47 percent of all assembly. Outsourcing has grown exceptionally since 2008, despite the COVID-19 crisis that disrupted the supply chain and labor force. The market was sustained by the strong demand in the industrial, automotive, aerospace/military, and medical markets. Orders for tablets, desktop and notebook computers, and servers, once strong, were set back in 2023 and 1H24 as consumption for replacement sales had peaked in the previous year. Desktop revenue is expected to be in decline for the next five years, while notebook orders are expected to be in demand again after 2024. The computer industry as a whole (which includes servers and workstations) will see a return to growth over the next four years. The transportation markets will be uneven, depending on the success of EV vehicles that seems inevitable but is being stressed by oversupply.

OEMs still dominate the majority of assembly production despite the terrific gains contract manufacturers have made over the years. Both EMS firms and ODMs will experience the strongest growth from production in the industrial and automotive market segment. Specifically, EMS companies will find good growth in industrial and medical products, while ODMs are projected to experience a return to growth in cellular servers, storage systems, and smart home, wearable, and A/V equipment.

The largest market in size is the communications segment, with its dominance by smartphones that has overshadowed the computer market. The computer market will always see growth driven by upgrades and new developments such as generative AI that will be demanding more raw compute power and storage. The consumer market ranks third and is sustained by strong demand for digital TVs and monitors. The industrial market ranks fourth in size, followed by the automotive and aviation/defense/other transportation segments, and lastly by the medical equipment market. Together these market segments for electronics product assembly totaled approximately $1.3 trillion in assembly revenue, and will grow to $1.5 trillion or higher during the forecast 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 – 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 numerous products and countries.

The Worldwide Electronics Manufacturing Services Market – 2024 Edition, is the product of hundreds of hours of research. The report sells for $3995, with extra single-user licenses at $500 and a corporate license at $1500. This report is available in PDF format and is delivered by email. An Excel spreadsheet of all data and tables may also be obtained for an additional $1000.