Electronics manufacturing service (EMS) is a form of engineering & manufacturing outsourcing services that offer a wide range of core manufacturing capabilities. It is generally used for companies that provide a contribution in test, design, manufacture, and distribute. It includes return or repair services for electronic components and assemblies for original equipment manufacturers (OEMs).
According to the study, “Global Electronics Manufacturing Services Market Size study, by Type (Electronics Manufacturing, Engineering Services, Test Development & Implementation), By Application (Computer, Communication, Consumer, Industrial, Others) and Regional Forecasts 2018-2025” the key companies operating in the global electronics manufacturing services market are Delta Group Electronics Inc., Celestica Inc., Flextronics International, Compal Electronics Inc., Hon Hai Precision Industry Co. Ltd., Fabrinet, Plexus Corporation, Flexcom Inc., Kimball Electronics Inc., KeyTronicEMS, TPV Technology Limited, 3CEMS, ALL CIRCUITS, Accton, AmTRAN, Ducommun, Pan-International, Season Group, Katek, Selcom, Shenzhen Kaifa, Leesys, Shenzhen Zowee, Lite-On, SMT Technologies, Qisda, SigmaTron, Sanmina, Mack Technologies, Scanfil, Topscom, TQ-Systems, UMC, SIIX, Creation, Suzhou Etron, SMTC, Connect, Valuetronics, Sumitronics, Orbit One, Fideltronik, SVI, Venture, USI, ATA IMS Berhad, BMK, Bitron Electronics, Sparton Corporation, TT Electronics Plc. The key players in developing economies are providing low-cost, outsourced services to the production & designing sectors to enhance their competitiveness. Furthermore, players are striving to gain a competitive benefit by engaging in mergers & acquisitions.
Based on type, electronics the manufacturing services market is segmented into electronics manufacturing, test development & implementation, electronic design &engineering services, logistics services and others (supply chain management services and rework services). Electronic design & engineering services segment is expected to witness fastest growth rate owing to surge in the inclination of OEMs toward outsourcing the designing requirements during the forecast period. In addition, based on application, market is segmented into the computer, industrial, consumer, communications and others.
The electronics the manufacturing services market is driven by an increase in demand for the Internet of Things (IoT) market, followed by rapid technological advancements, rise in demand for consumer electronics, increase in demand for smart devices, rise in numbers of end-users, increase in energy-efficient electronics, rise in use of electronic components in industries, for instance, medical devices, aerospace, and telecommunications and growth in advanced skill & focus on core competencies. However, the volatility of demand and violation of the intellectual property rights may impact the market. Moreover, growth in demand from The downstream industry is a key opportunity for the market.
Based on geography, the Asian-Pacific is the dominant region in the electronics manufacturing services market owing to growth in the automotive sector, rise in availability of raw materials and low-cost labor in the region. The European and North-American regions are estimated to grow at higher growth due to the rise in the industrial sector and an increase in medical institutes over the forecast period. It is predicted that the future of the market will be bright as a result of the rise in investments in research & development (R&D) activities during the forecast period.
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Ankur Gupta, Head Marketing & Communications