March 15, 2021
According to the recent research report titled ‘Global Electronics Manufacturing Services (EMS) Market - Analysis by Service, End User, By Region, By Country: Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global electronics manufacturing services (EMS) market was worth USD 414.32 billion in 2020 and is expected to record a considerable growth over 2020-2025.
The report states that mounting demand of consumer electronics, and increasing penetration artificial intelligence (AI) technology are primarily stimulating global electronics manufacturing services (EMS) market growth. Moreover, escalating sales of electric vehicles and extensive incorporation Industry 4.0 are also contributing to the overall market outlook.
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Speaking of service type, worldwide electronics manufacturing services (EMS) industry is bifurcated into assembly, manufacturing, design & engineering, and others. Of these, design & engineering segment is poised to amass notable profits by 2025, creditable to increasing demand for this service in manufacturing industries.
Moving on to end user scope, global electronics manufacturing services (EMS) market is categorized into computers, automotive, consumer electronics, and others. Out of these, consumer electronics segment is projected to gain traction over the coming years, owing to surging preference for EMS among consumer electronics manufacturers across the globe.
Considering the regional landscape, Asia Pacific electronics manufacturing services (EMS) industry is slated to grow substantially through 2025, creditable to boosted demand of consumer electronics in Asian economies. Nations such as Japan, India, Taiwan, and China are hub for electronics manufacturers, hence generating heavy returns.
Leading organizations influencing global electronics manufacturing services (EMS) market trends are Kinpo Electronics Inc., Plexus Corp., Creation Technologies LP, Sanmina Corporation, Flex Ltd., Pegatron Corporation, Jabil Inc., Celestica Inc., Foxconn Technology Group (Hon Hai Precision Industry Co. Ltd.), and Benchmark Electronics Inc.