Electronic Manufacturing Services (EMS) Market to Record CAGR of 6.9% Over 2025-2032; Rising Device Usage Drives Demand for EMS Providers, Fueling Market Growth

The global electronic manufacturing services (EMS) market size was valued at USD 609.79 billion in 2024 and is predicted to reach USD 648.11 billion in 2025. The market is anticipated to touch USD 1,033.17 billion by 2032, recording a CAGR of 6.9% over 2025-2032.

Fortune Business Insights™ presents this information in its latest report titled “Electronic Manufacturing Services (EMS) Market Size, Share & Industry Analysis, By Service (Electronics Manufacturing Services, Engineering Services, Test & Development Implementation, Logistics Services, and Others), By Industry (Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense, Healthcare, IT and Telecom, and Others), and Regional Forecast, 2025 – 2032”.

The global Electronic Manufacturing Services (EMS) market is a key part of the electronics supply chain. It provides designing, assembling, making, and supporting services for electronic components and devices. These services are used by many industries, such as consumer electronics, automotive, healthcare, industrial automation, and others. The market continues to grow, fueled by increasing demand for innovative, affordable, and high-quality electronic products.

The COVID-19 pandemic disrupted the global electronics supply, adversely impacting the demand for electronic manufacturing services. In response to supply chain challenges, companies shifted their preference toward local EMS providers over those located in distant regions, creating new opportunities as well as challenges for the industry.

Generative AI Enhances Innovation and Efficiency in the EMS Industry

Generative AI is transforming the electronic manufacturing services industry by enhancing design, manufacturing processes, and market dynamics while boosting productivity, sustainability, and customer focus. Embracing these technologies is expected to accelerate innovation and unlock competitive advantages.

Rising Device Usage Drives Demand for EMS Providers, Fueling Market Growth

The increasing usage of devices such as smartphones, tablets, wearables, and smart home technologies has heightened the demand for dependable and efficient manufacturing solutions. EMS providers help meet this demand by offering cost-effective production options through efficient methods. When consumer electronics companies outsource their manufacturing to EMS providers, they can lower their overall production costs. Additionally, as technology improves, consumers are looking for more advanced products, which increases the need for high-quality EMS providers. To keep up with these changing needs, OEMs are increasingly choosing to outsource their production, helping to grow the market globally and fuel the electronic manufacturing services (EMS) market growth.

However, the industry faces challenges such as rising operational costs, technological complexities, and labor shortages, which are expected to hinder the adoption of these devices.

Plexus Corp. Partnered with Simbe to Enhance Retail Technology Development

In May 2024, Plexus Corp. teamed up with Simbe to accelerate the development of its retail robotics-as-a-service offering. This partnership empowers Simbe to meet the rising demand for cutting-edge retail technology, aiding customers in tackling operational hurdles, boosting revenue, and enhancing the shopping experience in stores.

Competitive Market Drives Innovation and Strategic Growth in Electronic Manufacturing

Top electronics manufacturers such as Hon Hai Precision Industry Co Ltd, Wistron Corporation, Jabil Inc., Flex Ltd, and COMPAL Electronics, Inc. are creating innovative solutions using AI and ML. The competitive market is pushing service providers to pursue acquisition to improve their market standing. Major players are prioritizing product diversification, technological advancements, and strategic partnerships to drive demand for EMS solutions.

Notable Industry Development

• October 2024: 42Q, a part of Sanmina focused on cloud-based Manufacturing Execution Systems (MES), announced the availability of 42Q Connected Manufacturing. This advanced solution is designed to address real-time manufacturing supply challenges by providing better visibility, efficiency, and insights into manufacturing operations worldwide.

List of the Companies Profiled in the Report:

• Sanmina Corporation (U.S.)
• Hon Hai Precision Industry Co. Ltd (Foxconn) (Taiwan)
• Benchmark Electronics Inc. (U.S.)
• Flex Ltd (Singapore)
• Jabil Inc. (U.S.)
• Celestica Inc. (Canada)
• Wistron Corporation (Taiwan)
• Plexus Corporation (U.S.)
• Fabrinet (Thailand)
• COMPAL Electronics Inc (Taiwan)
• Creation Technologies (U.S.)
• Venture Corporation Limited (U.S.)
• Kimball Electronics Inc (U.S.)
• ESCATEC (U.K.)
• Neo Tech Inc. (U.S.)
• Dixon Technologies (India)
• PG Group (India)
• Pegatron (Taiwan)
• Zollner Elektronik (Germany)
• VTech EMS (China)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/electronic-manufacturing-services-ems-market-105519

Further Report Findings

• The Asia Pacific region emerged as the market leader, exhibiting the highest share and growth rate in 2024. Cost-efficient manufacturing processes, a skilled workforce, and increasing consumer demand for electronic products support the growth. China, India, and South Korea played important roles by offering competitive prices and favorable government policies. China, in particular, is a key player in the global EMS market due to its manufacturing strength.
• North America occupies the second-largest electronic manufacturing services (EMS) market share, supported by its innovative technological capabilities, significant involvement in high-value industries, and strong demand for specialized, high-quality electronic products.
• Based on service, the electronic manufacturing services segment commanded the largest share of the market in 2024, driven by its broad service offerings, including design, assembly, and testing of electronic components and products. EMS providers address the needs of multiple industries with an extensive selection of electronic offerings, strengthening their market position.

Table of Segmentation