Electronic Manufacturing Services (EMS) Market Outlook to 2025 - Benchmark Electronics, Celestica, Foxconn, Integrated Micro-Electronics, Inc. (IMI Global), Jabil, Plexus Corp. and Sanmina

The U.S. electronics manufacturing services (EMS) market dominates the global industry; the electronic manufacturing services demand in the country is estimated to exceed USD 70 billion by 2024. The emergence of several manufacturing companies across all industry verticals in the U.S. has increased competition and enforced OEMs to partner with the EMS providers. Additionally, increasing government rules to produce safe and tested electronic products to be used in industrial applications, such as medical devices and automobiles, supports EMS market growth. To save the labor costs involved in manufacturing and logistics operations, OEMs in the U.S. are shifting toward electronics contract services. These factors coupled with the growth in outsourcing activities account for the rapid development in the industry.

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The rapid rise in the demand for consumer and smart electronic devices across the globe is driving the EMS market growth. Increasing demand for devices, such as smartphones and tablets, accounts for the development of new collaborations and partnerships between service providers and OEMs. As a result, EMS market players deploy efficient manufacturing machines and service delivery facilities that further fuel the industry development. The demand for efficient & safe smart devices from manufacturers allows service providers to improvise their technical capabilities. Additionally, increasing investments in outsourcing activities by OEMs for availing the logistics, manufacturing, and testing services add up to the consumption of the products.

EMS Market, By Product

• Electronic manufacturing
• Engineering services
• Test & development implementation services
• Logistics services
• Others

EMS Market, By Application

• Computer
• Consumer electronics
• Aerospace & defense
• Medical & healthcare
• Automotive
• Others

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The key companies operating in the EMS market include ASE Group Global, Altadox, Inc., Benchmark Electronics, Celestica, Compal Electronics, Inc., Delta Group Electronics, Inc., Fabrinet, Flextronics International Tecnologia Ltda., Foxconn, Integrated Micro-Electronics, Inc. (IMI Global), Jabil, KeyTronicEMS, Kimball Electronics, Plexus Corp., Sanmina, SiiX Corporation, Sparton Corporation, TPV Technology Limited and TT Electronics plc. These players focus on developing highly efficient service delivery capabilities. They innovate the products manufacturing and testing & development services to sustain in the highly competitive electronics manufacturing services market. The established players have an advantage of long-term customer contracts and focus on partnership and acquisition strategies. For instance, in February 2017, Flex announced its acquisition over AGM automotive, an interior component supplier for automobiles. The acquisition aids Flex to achieve efficient design capabilities from AGM and cater to the major global OEMs.

The demand for green and energy-efficient devices & components that creates a need for these services further contributes to the electronics manufacturing services market growth. To cater to these demands, OEMs are developing strategic partnerships with the service providers that aids them in controlling manufacturing costs. The service providers offer product design, development, and manufacturing operations according to the demand from OEMs. Due to these facilities, OEMs achieve appropriate product supplies and save major development costs. This trend allows the EMS market players to develop green manufacturing facilities and energy-efficient products that support the global sustainable goals.

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Automotive electronics manufacturing services market will grow at a CAGR of around 5% in the coming years owing to the penetration of electronic devices and components in vehicular systems. Increasing utilization of automotive electronics including electronic systems, sensors, and ECUs in the safety, comfort, and infotainment devices creates a demand for EMS. Auto manufacturers develop contracts with the EMS providers for a continual supply of the electronic components. EMS market players have developed specialized design, manufacture, and diagnostic services for the automotive companies. For instance, Actia Group offers automotive industry-specific services to its vehicle manufacturing customers by supporting the production standards such as ISO TS 16949.

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