Electronic Manufacturing Services (EMS) Market Share, Size
and Regional Outlook Analysis 2023 – 2032

Electronic Manufacturing Services (EMS) Market is
anticipated to grow over 2023-2032 owing to the increasing initiatives taken by
organizations to speed up their product development. The scope of the
electronics manufacturing industry is wide. It spans consumer and industrial
products (smartphones, PCs, robotics, and automation), government (aerospace
and defense), health care (medical devices), and electronic components
(connectors, semiconductors, etc.).

Constantly mounting demand for electronic components,
consumer electronics, tech innovations, and outsourced manufacturing services
will positively favor industry expansion in the coming future. The budding use
of smart home devices owing to the rising penetration of the internet and
internet users, in line with the growing adoption of IoT & connected
devices will also push the demand for EMS in the consumer electronics sector.

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Besides, the major industry operators are constantly
engaging in partnerships, acquisitions, and mergers and launching new products
to strengthen their presence in the electronic manufacturing services business
space. To cite an instance, in March 2022, Reliance Industries, one of the
leading Indian firms, acquired a 50.1% share in Sanmina SCI India for US$221
million to strengthen its position in electronics manufacturing.

Overall, the electronic manufacturing services industry is
segmented in terms of product, application, and region.

Based on the product, the cable assembly segment will gain
high momentum during the estimated timeframe owing to the rising use of
pre-terminated cable assemblies by the OEMs as they help make the installation
quicker and easier when mass producing the kit. Besides, the increasing demand
for cloud computing and data transmission will spur its adoption in the future.

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By application, the consumer electronics segment is slated
to grow substantially through 2032. The increasing sales of consumer
electronics and home appliances such as smartphones, tablets,
smartwatches, TVs, and air conditioners would boost the product demand. In
addition, manufacturing services with high quality and reliability have become
less expensive, which will positively influence the demand for EMS services
among several consumer electronics manufacturers.

As per the regional context, the Europe electronic
manufacturing services market is poised to depict over 5% CAGR through 2032.
The regional market growth will be mainly driven by the increasing adoption of
robotics and factory automation. Besides, the growing trend toward
modernization of manufacturing facilities and integration of IIoT devices,
Human-Machine Interface (HMI), Programmable Logic Controllers, and Industrial
and Collaborative Robots will offer lucrative growth opportunities to the
regional market players in the ensuing years.

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