Global Electronics Manufacturing Services Market Size, Trends, and Analysis- Forecasts To 2026 By Service Type (Electronic Design and Engineering, Electronics Assembly, Electronics Manufacturing, Other Service Types), By Application (Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Healthcare, IT and Telecom, Other Applications), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Electronics Manufacturing Services Market: Insights
The electronics manufacturing services (EMS) are offered by a cluster of companies designated to test, design, manufacture, and assemble electronic components to be used by OEMs. The electronic manufacturing services bear to produce the high standard, market-ready and cost-effective products. The EMS industry outlook is also shaped by the rise and importance of automation and AI in the industrial space. The market space is constantly revolutionized by smart technologies, strategic mergers, agreements, and collaborations which makes the market demand soar in the forecast period. The services are prevalent in diverse industries such as aerospace &defense, medical and industrial space leading to the effective growth of EMS in the market space. Long-term experienced players in this market bounds to create potential opportunities and offer standard quality services and products to cater to the OEM’s needs and demand. The nerve-wrenching pandemic around the globe too shaped the electronic market and continues to affect the market leading to both halt in production and assembly of PCB and also to a rise in consumer demand for the electronics goods given the worldwide adoption of so-called work from home culture. The growing safety protocols and strict adherence to environmental protection regulations will also affect market growth in the upcoming years.
Electronics Manufacturing Services Market: By Service Type
Based on the service type, the market considers electronic assembly, electronic design and engineering, electronic manufacturing, and other services into account. Electronic design and engineering will be rapidly growing in the market domain given its importance and plethora of opportunities in this segment. The budding and rising penetration of simulation to innovate and design electronics are defining the market demand and growth positively. Moreover, the rise in the share of electronics in Asian countries leads to the design and engineering segment at the forefront of the market.
Electronics Manufacturing Services Market: By Application
Based on the application, the market enjoys a presence in IT and telecom, healthcare, consumer electronics, and the automotive industry among others. Healthcare will have a huge market share and growth in the market domain as medical companies constantly engage in mergers and strategic collaborations with the electronic manufacturing services companies to make the medical devices more smart and small to easily operate and handle. The automotive segment also holds promising growth propositions owing to the rising prevalence of advanced motor control, ADAS, and energy management systems in the automotive industrial space.
Electronics Manufacturing Services Market: By Region
Based on the region, the North American region will have a dominant effect on the market growth because of the strong market for consumer electronics, rising sale of hybrid vehicles in the USA, and global presence of suppliers of EMS in the region binds the market to a higher trajectory growth path for the future period. The Asia Pacific will strike as an emerging leader in this market space as the region holds higher growth prospects for medical electronics and space for automotive electronics product launches.
Electronics Manufacturing Services Market: Share & Competitor Analysis
Key players operating in the market are Flex, Jabil, Plexus, SIIX, Sanmina, Advanced Semiconductor Engineering, Benchmark Electronics, FIH, Flex, Dixon Technologies, Elin Electronics Ltd, and Argus Systems among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In December 2020, Dixon Technologies established a factory for ICT Software in the Latin American region.
In December 2020, the Government of India proposed to set up electronic chip plants.
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The Global Electronics Manufacturing Services Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Electronics Manufacturing Services Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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