What’s Driving the Electronic Manufacturing Services Market? | Key Players ASE Group Global, Benchmark Electronics, Celestica, Fabrinet, Foxconn, Jabil, Kimball Electronics, Plexus Corp., Sanmina, Sparton Corporation, TT Electronics plc

With increasing need for cost-effective production of automobiles and consumer electronics, the electronic manufacturing services 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 market. 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 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 manufacturers covered in this report: -
1. ASE Group Global
2. Benchmark Electronics
3. Celestica
4. Delta Group Electronics, Inc.
5. Fabrinet
6. Flextronics International Tecnologia Ltda.
7. Foxconn
8. Integrated Micro-Electronics, Inc. (IMI Global)
9. Jabil
10. KeyTronicEMS
11. Kimball Electronics
12. Plexus Corp.
13. Sanmina
14. SiiX Corporation
15. Sparton Corporation
16. TT Electronics plc

Some Points From Table of Content: -

Chapter 3. Electronic Manufacturing Services Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Outsourcing industry landscape
3.2.2. Electronic manufacturing industry landscape
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Product design outsourcing
3.4.2. Manufacturing integration
3.4.3. Big data
3.4.4. IoT
3.5. Regulatory landscape
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Growing need to shorten the time to market
3.6.1.2. Increasing demand for consumer electronics
3.6.1.3. Shift of electronic companies from traditional products to niche product manufacturing
3.6.1.4. Growing penetration of smartphones and smart devices
3.6.1.5. Growing trend of outsourcing by OEMs to enhance productivity
3.6.1.6. Growing opportunities in medical device manufacturing in North America and Europe
3.6.1.7. Increasing demand for connected technology in Europe
3.6.1.8. Growing trend of industrial automation in India and China
3.6.1.9. Production shift to countries in Asia Pacific with low labor cost
3.6.2. Industry pitfalls & challenges
3.6.2.1. High costs associated with the transport of products manufactured by EMS companies to OEMs
3.6.2.2. Focus of companies on high volume products
3.6.2.3. High risks associated with the model and lack of risk management competencies
3.7. Growth potential analysis

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The electronic manufacturing services market is expected to grow significantly due to the rapidly-growing consumer electronics sector. In 2016, the consumer electronics industry was valued at USD 1,100 billion. Increasing adoption of smartphones is encouraging the manufacturers to opt for these services to meet the demand-supply gap. Also, technological advancements in consumer electronics such as speakers, smart homes, and other intelligent devices are rapidly increasing the demand for these devices. To enhance productivity, OEMs are outsourcing the electronics manufacturing, thus propelling the electronic manufacturing services market.

The Asia Pacific electronic manufacturing services market is expected to grow rapidly in the next six years due to the presence of a large number of OEMs in the region. Low cost and the availability of raw materials and workforce bodes well for the industry in the region. The companies in the region provide services to OEMs in countries including Germany, the U.S., and France. The companies in the region are rapidly digitizing their businesses to achieve end-to-end integration of their operations. This is further encouraging the OEMs from North America and Europe to outsource their services to Asia Pacific, propelling the EMS market growth in the region.

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All in all, with unprecedented growth in the demand for consumer electronics over the next few years, the electronic manufacturing services 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.

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