The Most Comprehensive Study Available on the Worldwide EMS Market
The worldwide electronics manufacturing services (EMS) market is a determining force in the production of electronics products and 2023 accounted for 42 percent of all assembly completed. However, outsourcing grew negatively in 2023 from the previous year as a result of an economic downturn in the computer and communication industries. This resulted in an industry decline of approximately approximately 8.1 percent in 2023. Both EMS and ODMs suffered equally, particularly those serving the top tier.
The publisher has followed this industry for 30 years and is pleased to offer its latest update on this continually expanding market. Our report, The Worldwide Electronics Manufacturing Services Market - 2024 Edition is the most comprehensive market research report on the EMS industry. This analysis focuses on the leading players, growing market segments, total available market (TAM), and emerging manufacturing opportunities and technologies by numerous products and countries.
The report begins with an analysis of the worldwide electronics assembly market, giving a baseline for the manufacturing value of electronics product assemblies. A forecast is checked against 46 individual product segments that make up the majority of electronics assembly (automotive, consumer, industrial, medical, aviation and aerospace and defense industries). Some segments such as transportation and industrial are strong sources for outsourcing demand. The research team estimates that total electronics assembly value (OEM+EMS+ODM) was $1.3 trillion in 2023 and will grow to approximately $1.5 trillion in 2028 at a CAGR of 4.6 percent, mostly fueled by the demand for EMS services.
To support this conclusion, the report analyzes the EMS industry in a variety of ways. First, it reviews the worldwide market for EMS and OEM electronics assembly by 46 individual products. Second, the report analyzes the EMS industry, including a breakdown of the market leaders and relative share by industry and region. Third, the market opportunity for emerging growth is presented by product and country across the 46 product segments and 1,140 manufacturing sites. No other report gives such detail by country, wage rate, and regional product assembly. The data can also be purchased as an Excel file to allow for easy analysis of the hundreds of variables collected in the report.
The report also includes an EMS financial performance analysis for the best-performing companies and examines a variety of critical financial metrics. Another chapter reviews EMS mergers and acquisitions for the past few years and the impact on the growth of the industry and its competitiveness.
The report concludes with profiles of the largest EMS and ODM firms (100 companies-82 EMS and 18 ODM) from all over the world. These reviews summarize the market focus of each company, its leading customers, and each company's financial production performance statistics. The intent of these profiles is to serve as a global directory and competitive analysis tool for industry participants.
Table of Contents
Companies Mentioned
- 3CEMS
- Accton
- ALL CIRCUITS
- AmTRAN
- ATA IMS Berhad
- Benchmark
- Bitron
- BMK
- BYD Electronics
- Celestica
- Cicor
- Compal Electronics
- Computime
- Connect
- Creation
- Cyiant Ltd.
- DBG Holdings
- Delta Electronics
- Di-Nikko
- Dixon Technologies
- Ducommun
- ECS
- Elemaster
- Enics
- eolane
- ESCATEC
- Fabrinet
- Fideltronik
- Flex
- Foxconn(Hon Hai)
- Gemtek Technology
- Gigabyte
- Global Brands Mfg.
- GPV Group
- Hana Micro
- HANZA Group
- Hi-Mix Elect.
- IMI
- Inventec
- Jabil
- Kaga Electronics
- Katek
- Katolec
- Keytronic
- Kimball
- Kitron
- LACROIX
- Lite-On
- Luxshare
- Mack Technologies
- Melecs
- Micro-Star
- MiTAC
- NEO Technology
- New Kinpo Group
- Neways
- Nippon Mfg.
- Norautron
- Nortech Systems
- NOTE
- Orbit One
- OSE
- Pan-International
- PC Partner
- PCI, Ltd.
- Pegatron
- Plexus
- Prodrive Tech
- Providence
- Qisda
- Quanta Computer
- RAFI
- Sanmina
- Scanfil
- Season Group
- SERCOMM
- Shenzhen Kaifa
- Shenzhen Zowee
- SigmaTron
- SIIX
- SKP Resources
- SMTC
- Spartronics
- Sumitronics
- Suzhou Etron
- SVI
- Syrma SGS
- Topscom
- TPV
- TQ-Systems
- TT Electronics
- UMC
- USI
- V.S. Industry
- Valuetronics
- Variosystems
- Venture
- Vexos
- VIDEOTON
- VIRTEX
- Vtech EMS
- Wistron
- WKK
- Wong’s
- Zollner
Methodology
The publisher's forecasts are developed using a four-step approach. First, expectations of world economic growth are set based upon historical data and forecasts obtained from published International Monetary Fund (IMF) reports.
Next, a top-down forecast of electronics industry growth is built. This analysis is based primarily on historical data obtained from the Semiconductor Industry Association (SIA) and World Semiconductor Trade Statistics (WSTS). Because semiconductor content is at the core of electronics products, semiconductor data is a good triangulation point for total assembly value. This data is augmented with information on passive content and estimates of labor and overhead.
Then, a bottom-up forecast is developed for each of the products in each segment. This is accomplished by first creating a unit forecast for each product based on historical data and various industry-leader opinions regarding future growth prospects for each product. A model of the assembly value of each product is then built using teardown analyses and price-based models. The unit volume times the assembly value per unit equals the total assembly value for each product - often referred to as the cost of goods sold (COGS).
Finally, the first three steps are reiterated to achieve a coherent forecast. The forecasts developed by this process are presented in all their industry reports.
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