What Is the Electronic Manufacturing Services Market?
According to 6Wresearch internal database and industry insights, the
Global Electronic Manufacturing Services Market was valued at USD 600 Billion in 2024 and is expected to reach USD 900 Billion by 2031, growing at a compound annual growth rate of 8.20% during the forecast period (2025-2031).
This expansion is attributed to the surging demand for consumer electronics, increased outsourcing by OEMs, growing complexity of electronic components, and cost-efficiency benefits associated with EMS providers.
Growth Factors of the Electronic Manufacturing Services Market
- Rising demand for miniaturized and advanced consumer electronics
- Increasing outsourcing trends among automotive, aerospace, and medical OEMs
- Cost-effective manufacturing capabilities in Asia-Pacific regions
- Rapid adoption of Industry 4.0 and automation in manufacturing plants
- Growing importance of lifecycle management and after-market services
- High pace of innovation in 5G, IoT, and wearable devices necessitating faster production cycles
Electronic Manufacturing Services Market Trends
Electronic Manufacturing Services Market is undergoing notable transformations driven by trends such as the proliferation of 5G infrastructure, increased penetration of IoT-enabled devices, and the shift toward vertically integrated service models.
Manufacturers are leveraging AI, robotics, and digital twins to optimize production and supply chain efficiency. Additionally, companies are emphasizing localized manufacturing strategies to mitigate geopolitical and logistical risks.
Emerging Developments in Electronic Manufacturing Services Market
Key developments in the EMS market include strategic collaborations between OEMs and EMS providers to develop smart manufacturing capabilities, expanding service portfolios to include testing and logistics, and rising investments in semiconductor fabrication facilities. Moreover, EMS firms are adapting to sustainability goals by reducing electronic waste and adopting eco-friendly materials.
Leading Companies in the Electronic Manufacturing Services Industry
- Foxconn (Hon Hai Precision Industry Co., Ltd.)
- Jabil Inc.
- Pegatron Corporation
- Sanmina Corporation
- Flex Ltd.
- Celestica Inc.
- Wistron Corporation
How Big Is the Electronic Manufacturing Services Market : FAQ's
EMS market is driven by growing demand for consumer electronics and technological advancements in manufacturing automation.
Asia-Pacific, led by China, India, and Vietnam, is expected to dominate due to large-scale electronic exports.
Key players include Flex Ltd., Jabil Inc., Pegatron Corporation, Sanmina Corporation, Celestica Inc., and Wistron Corporation
The EMS market is forecast to reach USD 900 Billion by 2031
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