Sustainable Growth Opportunities in the Electronic Manufacturing Services (EMS) Market | Benchmark Electronics, Celestica, Foxconn, Jabil, Plexus Corp., Sanmina, Sparton Corporation, TT Electronics plc

With increasing need for cost-effective production of automobiles and consumer electronics, the electronic manufacturing services (EMS) market has gained enormous momentum over the last twenty years. Consistent rise in the consumption of mobile phones, portable electronics and connected devices overall has helped the growth of several small EMS players to meet the global demand. Vast opportunities in the aerospace, industrial and medical devices segment have also boosted the electronic manufacturing services industry. More recently, the communication and consumer electronics segment have driven EMS providers to pursue key expansion strategies and technological developments.

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Boasting revenues of more than USD 450 billion in 2017, the global electronic manufacturing services (EMS) market will eventually witness increased returns from the aforementioned sectors. EMS providers have enhanced manufacturing facilities and expertise, also offering additional services like testing and logistics to help OEMs and major consumer brands achieve better profit margins, lesser time-to-market and flexibility. Labor costs in developing economies, especially in the Asia-Pacific (APAC) region are considerably low, reinforcing the electronic manufacturing services market expansion in countries like China, India and most South East Asian nations.

The Major Key Players in the Electronic Manufacturing Services (EMS) Market are as follows:

1. ASE Group Global
2. Altadox, Inc.
3. Benchmark Electronics
4. Celestica
5. Compal Electronics, Inc.
6. Delta Group Electronics, Inc.
7. Fabrinet
8. Flextronics International Tecnologia Ltda.
9. Foxconn
10. Integrated Micro-Electronics, Inc. (IMI Global)
11. Jabil
12. KeyTronicEMS
13. Kimball Electronics
14. Plexus Corp.
15. Sanmina
16. SiiX Corporation
17. Sparton Corporation
18. TPV Technology Limited
19. TT Electronics plc

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The massive growth potential for consumer electronics in APAC can be surmised from Foxconn’s recent announcement according to which it is planning to expand its semi-conductor production operations in China. Demand for these small equipment is rising exponentially and an expansion effort by a major EMS provider indicates the same, signaling growth prospects for upcoming EMS firms who wish to penetrate the segment. Foxconn is also demonstrating the trend among companies in the electronic manufacturing services (EMS) market shifting from a single key income source to producing more diverse consumer electronic products.

All in all, with unprecedented growth in the demand for consumer electronics over the next few years, the electronic manufacturing services (EMS) market will witness tremendous inflow of capital for expanding production capacities. Constant innovations, for instance EMS company New Kinpo Group’s AI-powered manufacturing robots and autonomous manufacturing capabilities, will further attract OEMs towards Asian companies. Key players dominating the global electronic manufacturing services (EMS) market share include Foxconn, Integrated Microelectronics, Inc., Benchmark Electronics, API Technologies Corp., Celestica, Inc., New Kinpo Group, Venture Corporation and Sanmina Corporation.

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