Electronic Manufacturing Services Market Future Scope, Demands and Projected Industry Growth to 2028
Category: #business  By Ronak Bora  Date: 2022-07-01
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Electronic Manufacturing Services Market Future Scope, Demands and Projected Industry Growth to 2028

Electronic manufacturing services market providers is referred to the companies that are involved in designing, manufacturing, testing, distributing, and providing return/repair services for electronic products and assemblies for original equipment manufacturers. The wide array of benefits of these services to various business entities in terms of manufacturing outsourcing and value-added engineering will positively influence the demand for EMS in the forthcoming years.

The increasing burden on manufacturing units due to ever rising consumer demand for electronic products globally has encouraged companies to adopt EMS to ease the stress across manufacturing processes. Reportedly, the valuation of total exports of electronic products in the U.S. grew by US$7.9 billion between 2016 and 2017, which reflects the global demand.

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Global electronic manufacturing services market is expected to witness substantial growth in the upcoming years, says Global Market Insights, Inc. Highlighted below are some factors driving the demand for EMS in the electronics sector.

High preference for engineering services

Based on services, the electronic manufacturing services market is classified into electronic manufacturing, logistics services, engineering services, test & development implementation, and others. The engineering services segment was valued at over 25% of the overall industry share in 2019 and is forecasted to expand significantly in the forthcoming years. This growth trend is majorly attributed to the rising incorporation of highly efficient designing and engineering services which helps in manufacturing smart electronic devices.

Robust demand for laptops and PCs amid COVID-19 pandemic

The electronic manufacturing services market, based on applications is categorized into consumer electronics, automotive, computer, aerospace & defense, medical & healthcare, and others. The computer application segment in 2019 was estimated at nearly 35% of the overall market share. Owing to the introduction of advanced technologies and increasing techno-geek consumer base, this application segment is expected to witness substantial growth through 2026.

The growing trend of working from home due to the COVID-19 outbreak has increased the adoption of laptops and PCs in, which has eventually escalated the demand for electronic manufacturing services.

Booming consumer manufacturing services sector in MEA

The electronic manufacturing services industry has a strong foothold across regions like the Middle East and Africa, North America, Europe, Asia Pacific, and Latin America. The Middle East and Africa EMS industry held a global share of 5% in 2019 and is projected to grow considerably at 3% CAGR up to 2026.

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The regional industry expansion will be driven by the growing number of government initiatives aiming towards the deployment of numerous consumer electronics manufacturing units to cater to the robust demand for advanced electronic devices in the nation. Region’s most developed area, the UAE is emerging as the fastest-growing consumer electronics hub due to the presence of the World’s leading technology companies such as Microsoft and Google in Dubai. The flourishing consumer electronics and computer sector in the region will further complement the industry landscape in the coming years.

Growing awareness among consumers about the recent technological developments such as the Internet of Things (IoT), Artificial Intelligence (AI), 3D printing, and others, will exponentially augment the demand for reliable, responsible, highly efficient electronic manufacturing services providers in the forthcoming years.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast

1.3    Impact of COVID-19, by region

1.3.1    North America

1.3.2    Europe

1.3.3    Asia Pacific

1.3.4    Latin America

1.3.5    MEA

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    Electronic manufacturing services market 3600 synopsis, 2017 - 2028

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Service trends

2.1.4    Application trends

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/electronic-manufacturing-services-ems-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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