According to the research report titled ‘Global Electronics Manufacturing Services (EMS) Market - Analysis by Service (Design & Engineering, Manufacturing, Assembly, Others), End User, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport, global electronics manufacturing services (EMS) market was worth USD 414.32 billion in 2019 and is anticipated to showcase lucrative growth trends between 2020 and 2025.
 

Rising demand for artificial intelligence as well as for consumer electronics is majorly driving global electronics manufacturing services (EMS) market growth. Growing adoption of electric vehicles coupled with rising demand for Industry 4.0 solutions is further favoring the industry outlook.
 

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Based on service type, global electronics manufacturing services industry is segmented into design & engineering, assembly, manufacturing, and others. As cited in the report, the design & engineering segment is slated to accrue significant gains over the analysis period, owing to the increasing demand of these services in the industry.
 

Speaking of the end user range, the marketplace is divided into consumer electronics, automotive, computers, and others. Among these, the consumer electronics segment is anticipated to expand at a considerable CAGR over the projected timespan, on account of rising demand of EMS among the consumer electronics manufacturers across the world.
 

On the geographical front, the global electronics manufacturing services industry landscape is categorized into Americas, Asia Pacific, and Europe.
 

Experts cite Asia Pacific market is likely to expand with a strong CAGR over the study duration, on account of increasing demand of consumer electronics in Asian countries. Moreover, growing hubs for electronics manufacturing in countries like China, India, Taiwan, Japan, are further adding traction to the overall industry size.
 

Leading players profiled in the worldwide electronics manufacturing services industry vertical are Kinpo Electronics Inc., Plexus Corp., Creation Technologies LP, Sanmina Corporation, Flex Ltd., Pegatron Corporation, Jabil Inc., Celestica Inc., Foxconn Technology Group, and Benchmark Electronics Inc.