Global Electronics Manufacturing Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Service Type;

Electronics Design & Engineering, Electronics Assembly, Electronics Manufacturing, and Other Service Types.

By Application;

Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Healthcare, IT & Telecom, and Other Applications.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn645644104 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electronics Manufacturing Services Market (USD Million), 2021 - 2031

In the year 2024, the Global Electronics Manufacturing Services Market was valued at USD 604,990.88 million. The size of this market is expected to increase to USD 828,839.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.6%.

The demand for electronic manufacturing services (EMS) is poised for significant growth, driven by increased adoption across various sectors such as healthcare, automotive, and industrial applications. EMS providers are strategically focusing on offering a wide range of functionalities, including sub-assembly manufacturing, testing, PCB design, and component assembly & re-engineering, to meet the diverse needs of their clients. EMS companies are making substantial investments in enhancing industrial output and adopting cutting-edge technologies to set new global standards. Embracing technological transformations like virtual reality, the Internet of Things (IoT), and 3D printing, these organizations are expanding their production capabilities and improving operational efficiency.

Collaboration and partnerships play a pivotal role in the electronic manufacturing services industry. Market participants are actively forming alliances with OEMs, ODMs, and other partners to access high-value components, facilitate mass customization, and foster innovation. These partnerships enable EMS companies to diversify their offerings, access new markets, and stay ahead of the competition in a rapidly evolving landscape. The convergence of increasing demand, technological advancements, and strategic collaborations is driving the growth and evolution of the electronic manufacturing services market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Electronics Manufacturing Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Expansion of automotive electronics & electric vehicles
        2. Rising need for medical devices
        3. Adoption of 5G technology
        4. Shift towards eco-friendly manufacturing
      2. Restraints
        1. Exchange rate volatility
        2. Workforce shortages
        3. E-waste management challenges
      3. Opportunities
        1. Cloud & edge computing adoption
        2. Vertical integration by EMS providers
        3. Green electronics market growth
        4. Robotics & automation implementation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electronics Manufacturing Services Market, By Service Type, 2021 - 2031 (USD Million)
      1. Electronics Design & Engineering
      2. Electronics Assembly
      3. Electronics Manufacturing
      4. Other Service Types
    2. Global Electronics Manufacturing Services Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Automotive
      3. Aerospace & Defense
      4. Industrial
      5. Healthcare
      6. IT & Telecom
      7. Other Applications
    3. Global Electronics Manufacturing Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Benchmark Electronics Inc.
      2. Creation Technologies LP
      3. Celestica Inc.
      4. Venture Corporation Limited
      5. Sparqtron Corporation
      6. NATEL ENGINEERING CO., INC.
      7. API Technologies Corp
      8. FLEX LTD.
      9. Foxconn Electronics Inc.
      10. Integrated Micro-Electronics, Inc.
  7. Analyst Views
  8. Future Outlook of the Market