Electronic Manufacturing Services (EMS) 2021 Global Market Key Players - Plexus Corporation, Creation Technologies LP, SIIX Corporation, Flex Ltd, Hon Hai Precision Industry Co. Ltd (Foxconn), Vinatronic Inc.-Analysis And Forecast To 2028

Electronic Manufacturing Services (EMS) Market 2021-2028

New study report " Electronic Manufacturing Services (EMS) Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.

Market Overview:

The global electronic manufacturing services (EMS) market size is projected to reach USD 849.72 billion by 2028, exhibiting a CAGR of 7.9% during the forecast period. As per the Fortune Business Insights™ report, titled “Electronic Manufacturing Services (EMS) Market, 2021-2028”, the value of the market stood at USD 468.90 billion in 2020 and is estimated to reach USD 500.26 billion in 2021.

Rapidly Expanding Adoption of Electric Vehicles Worldwide to Boost the Market

In light of soaring fuel prices and heightening concerns over global warming, the demand for electric vehicles (EVs) has experienced a promising growth trajectory. While in 2019 electric car sales stood at 2.1 million globally, in 2020 they topped 3 million, according to the latest data released by the International Energy Agency (IEA). EVs are powered by batteries and other critical electronic components that automakers need to procure from different manufacturers. Electronic manufacturing services are thus being widely demanded by the EV industry, since electronic parts, such as semiconductors and circuit boards, are essential for the smooth functioning of these vehicles. Therefore, as the transition towards clean mobility solutions accelerates, EMS will emerge as the driving force in the forthcoming years.

Top Key Players in this market are:

Plexus Corporation (Wisconsin, United States)
Creation Technologies LP (Burnaby, Canada)
SIIX Corporation (Tokyo, Japan)
Flex Ltd (Singapore)
Hon Hai Precision Industry Co. Ltd (Foxconn) (Taipei, Taiwan)
Vinatronic Inc. (California, United States)
Wistron Corporation (Taipei, Taiwan)
Jabil Inc. (Florida, United States)
Benchmark Electronics Inc. (Arizona, United States)
Sanmina Corporation (California, United States)
Celestica Inc. (Toronto, Canada)
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COVID-19 Impact-

The catastrophic outbreak of the COVID-19 pandemic has triggered unprecedented disruptions in the electronics supply chain, pushing down the electronic manufacturing services market growth to 6.5% in 2020. According to the Organization of Economic Development and Cooperation (OECD), the coronavirus negatively impacted operations of nearly 43% of the manufacturers and suppliers in the electronics industry.

Competitive Landscape-

Deepening Ties between Key Players to Energize Market Competition

Giants in the market are focused on deepening their relationships with other market participants to enhance their competencies and create breakthrough offerings. The main goal of pursuing this strategy is to build a resilient portfolio of products and expand the market footprint.

Segmentation-

Based on services, the market is segmented into electronic design & engineering, electronics assembly, electronic manufacturing, supply chain management, and others.

On the basis of industry, this market is segregated into automotive, communications, computers, consumer electronics, industrial, healthcare, commercial aviation, and others. Among these, the communications segment dominated the global market with a share of 30.1% in 2020.

By region, the market has been divided into North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

Regional Insights-

Strong Electronics Industry to Support EMS Market Growth in Asia Pacific

Asia Pacific is anticipated to hold a prominent position in the global EMS market owing to the presence of a robust electronics manufacturing base in the region, especially in Southeast and East Asian economies, such as Taiwan, Vietnam, and South Korea. The most important country in the region, however, is China, which is known to produce and assemble a large chunk of the world’s electronic items. Furthermore, the country is also emerging as the frontrunner in 5G technology, which will significantly propel the regional market.

North America, with market size of USD 81.52 billion in 2020, is expected to hold a leading position in the electronic manufacturing services market share during the forecast period on account of the high production and adoption of consumer electronics, such as smartphones, in the region. Moreover, the financially strong network operators in the region, such as T-Mobile and AT&T, are known for their heavy investments in advanced connectivity technologies, which favors this market in the US and Canada.North America, with market size of USD 81.52 billion in 2020, is expected to hold a leading position in the electronic manufacturing services market share during the forecast period on account of the high production and adoption of consumer electronics, such as smartphones, in the region. Moreover, the financially strong network operators in the region, such as T-Mobile and AT&T, are known for their heavy investments in advanced connectivity technologies, which favors this market in the US and Canada.

What Does the Report Offer?

The report encapsulates qualitative and quantitative insights into the factors shaping the market share, size, revenue, and growth. Further, it contains a detailed analysis of the market restraints, along with a careful examination of all market segments. Last, the report offers a comprehensive evaluation of the regional and competitive dynamics influencing the market.

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Table Of Content:

Introduction
Key Takeaways
Market Dynamics
Competition Landscape
Global Electronic Manufacturing Services (EMS) Key Players Market Share Insights and Analysis, 2020
Key Market Insights and Strategic Recommendations
Companies Profiled (Covered for key 10 players only)
Annexure / Appendix
Continue….

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