Electronic Manufacturing Services (EMS) Market will Reach USD 1,155.51 Billion by 2034; Growing Preference for Contract Manufacturing Fuels Market Expansion

The global Electronic Manufacturing Services (EMS) market size was valued at USD 650.77 billion in 2025. The market is projected to grow from USD 690.36 billion in 2026 to USD 1,155.51 billion by 2034, exhibiting a CAGR of 6.7% during the forecast period. Fortune Business Insights™ presents this information in its 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 Enterprise Type (Large Enterprises and Small & Medium Enterprises (SMEs)), By Industry (Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace & Defense, Healthcare, IT and Telecom, and Others), and Regional Forecast, 2026 – 2034”. 

EMS providers support OEMs by delivering a wide range of solutions, including electronics assembly, component sourcing, testing, logistics, engineering, and outsourced manufacturing services. These providers help manufacturers achieve cost-efficient production through advanced manufacturing capabilities, smart factory technologies, and scalable operations. The market has gained significant momentum as OEMs increasingly rely on EMS partners to improve operational efficiency and manufacturing flexibility. As outsourcing demand continues to rise, EMS providers are expected to play an increasingly important role across consumer electronics, healthcare, automotive, IT & telecom, and industrial applications.

Expanded Manufacturing Partnership Supports High-Volume LiDAR Sensor Production

In June 2026, Benchmark Electronics and Ouster expanded their long-standing manufacturing partnership to enable high-volume production of Ouster’s Rev8 digital LiDAR (Light Detection and Ranging) sensors. Benchmark will leverage its advanced manufacturing and precision optical assembly capabilities to support the large-scale production of sensors while ensuring reliable supply for industrial, automotive, robotics, and smart infrastructure applications.

Growing Manufacturing Outsourcing by OEMs Drives Demand for EMS Providers

The increasing preference among OEMs to outsource manufacturing is a key factor driving the Electronic Manufacturing Services (EMS) market growth. By relying on contract manufacturers, companies can reduce in-house production requirements, improve manufacturing scalability, and focus more on product development, branding and business expansion. EMS providers further support this transition by offering integrated services such as component sourcing, assembly, testing, and logistics. As OEMs continue to seek flexible production capacity, faster product commercialization, and dependable manufacturing support, demand for EMS services is expected to grow throughout the forecast period.

However, the market continues to face challenges from unstable component prices, increasing transportation costs, and disruptions across the supply chain.

Expansion of Service Capabilities Strengthens Competitive Position in the EMS Market

The EMS market is highly competitive, with manufacturers expanding their service portfolios to strengthen their market presence. Companies are broadening their capabilities across product design, engineering, manufacturing, testing, logistics, and after-sales support to meet evolving customer requirements. They are also pursuing strategic partnerships, acquisitions, and production capacity expansions to address growing demand from customer electronics, automotive, healthcare, telecom, and industrial sectors. These initiatives are expected to reinforce the role of EMS providers across the global electronics manufacturing value chain.  

List of Key Companies Profiled in the Report

• Benchmark Electronics, Inc. (U.S.)
• Celestica, Inc. (Canada)
• COMPAL Electronics, Inc. (Taiwan)
• Fabrinet (Thailand)
• Flex Ltd. (Singapore)
• Hon Hai Precision Industry Co. Ltd. (Taiwan)
• Jabil, Inc. (U.S.)
• Plexus Corp. (U.S.)
• Sanmina Corporation (U.S.)
• Wistron Corporation (Taiwan)

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

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

Notable Industry Development

• January 2026: Jabil completed the acquisition of Hanley Energy Group to strengthen its rack-level data center infrastructure and critical power management capabilities. The acquisition combines Hanley Energy’s expertise in energy optimization and power solutions with Jabil’s engineering and manufacturing capabilities, expanding its offerings for data center customers.

Further Report Findings

• On the basis of regional analysis, Asia Pacific dominates owing to availability of skilled labors, cost-effective manufacturing capabilities, and well-connected supply networks.
• North America has acquired the second-largest position in terms of market share. This growth is driven by increase in reshoring initiatives, innovative electronics demand, and high-quality of production capabilities.
• Depending on enterprise type, the large enterprises segment led the Electronic Manufacturing Services (EMS) market share owing to worldwide supply chains and large manufacturing volumes.
• Based on industry, the consumer electronics segment held substantial share due to subsequent product launches, short product life cycles, and high-volume manufacturing.

Table of Segmentation