Electronics Manufacturing Services Market Research Report - Global Forecast to 2032

Market Research Future published a half-cooked research report on Global Electronics Manufacturing Services Market.

MRFR recognizes the following companies as the key players in the global Electronics Manufacturing Services Market— Vinatronic Inc., Benchmark Electronics Inc., Hon Hai Precision Industry Co. Ltd (Foxconn), Flex Ltd, Sanmina Corporation, Jabil Inc., SIIX Corporation, Nortech Systems Incorporated, Celestica Inc., Integrated Micro-electronics Inc., Creation Technologies LP, Wistron Corporation, Plexus Corporation, TRICOR Systems Inc., Sumitronics Corporation.

Market Highlights

The global Electronics Manufacturing Services Market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 1,038.1 billion by 2032.

The advancement of green technology is compelling electronics manufacturing services to create positive environmental effects or mitigate negative impacts. These products are produced using recyclable components and non-toxic substances to diminish CO2 emissions, decrease energy consumption, and minimize waste in operational processes.

Segment Analysis

The global Electronics Manufacturing Services Market has been segmented based on the Service Type, and Application.

Based on the Service Type, the market is segmented into Electronics Design and Engineering, Electronics Assembly, Electronics Manufacturing, and Other Service Types. The electronics manufacturing segment was attributed to holding the largest market share in 2022.  there is an increasing demand for electronic products globally, ranging from consumer electronics to industrial equipment. As technology continues to advance, there is a continuous need for the manufacturing of innovative and sophisticated electronic devices. This heightened demand directly contributes to the expansion of the Electronics Manufacturing segment.

Based on the Application, the Electronics Manufacturing Services Market has been segmented into Consumer Electronics, Automotive, Industrial, Aerospace and Defense, Healthcare, IT and Telecom, and Other Applications. The industrial segment was expected to hold the largest market share in 2022. In response to the escalating environmental revolution, there is a growing imperative for enhanced efficiency in electric motor controls, particularly for industrial motors. Additionally, there is a heightened need for cost-effective integration to facilitate the market adoption of emerging technologies, thereby enhancing safety and reliability. This increased demand is notably evident in the realm of electronic products utilized in smart motors; specifically digital signal controllers designed for voltage control operations.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Electronics Manufacturing Services Market Research Report

Regional Analysis

The global Electronics Manufacturing Services Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Electronics Manufacturing Services Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Electronics Manufacturing Services Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Electronics Manufacturing Services Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Electronics Manufacturing Services Market was maintained by the North American regional sector. The region is currently experiencing sustained and increasing demand for electronic devices across diverse industries, encompassing consumer electronics, automotive, healthcare, and industrial applications. This broad spectrum of product availability has led to a recovery in the monthly sales of electronic appliance stores in the United States following the adverse effects of the COVID-19 pandemic on the market. In 2021, these sales reached an average monthly level of USD 8.44 billion. Notably, personal care and electrical appliances achieved retail sales of USD 7.5 billion in 2022, underscoring a demonstrative increase in sales from physical stores. This heightened demand for electronic products serves as a pivotal catalyst for the growth of the Electronics Manufacturing Services (EMS) market in North America.

Moreover, the Europe market has been persistently growing over the forecast period.  Europe is experiencing a consistent and growing demand for electronic devices across diverse industries, including consumer electronics, automotive, healthcare, and industrial applications. In 2022, a significant portion of the employed population aged 15-74 in the EU, approximately 30%, reported using digital devices for the majority or entirety of their working time. Notably, usage peaked in the 30-44 age range, with 36% of employed women and 29% of men relying on digital devices for most or all of their working hours. However, usage declined in the 45-59 age group (31% for women, 23% for men) and the 60-74 age group (24% for women, 19% for men). This increased reliance on digital devices, driven by the proliferation of connected devices and advancements in smart technologies, underscores the growing demand for Electronics Manufacturing Services (EMS) in Europe.

The Asia Pacific region boasts a substantial and expanding consumer base, driving a heightened demand for electronic devices. In 2022, the mobile technologies and services sector made a noteworthy contribution, accounting for just under 5% of the region's GDP, translating to a substantial $810 billion in economic value added. Notably, in India, the domestic production of electronics for FY23 is valued at $101 billion, with segmentation based on FY22 data reflecting significant contributions from Mobile Phones (43%), IT Hardware (5%), Consumer Electronics (12%), Strategic Electronics (5%), Industrial Electronics (12%), Wearables & Hearables (0.3%), PCBA (0.7%), Auto Electronics (8%), LED Lighting (3%), and Electronic Components (11%). The surge in demand for smartphones, tablets, wearables, and various consumer electronics serves as a pivotal driver for the Electronics Manufacturing Services (EMS) market. This demand is further accentuated by the region's expanding middle class and the concurrent rise in disposable income.

Furthermore, the rest of the world's Electronics Manufacturing Services Market is divided into the Middle East, Africa, and Latin America. Numerous nations within these regions are recognized as emerging markets, drawing in foreign investments and nurturing economic expansion. As industries evolve and consumer demand escalates, there is a growing requirement for electronic manufacturing services to facilitate and bolster local production.

Key Findings of the Study

• The global Electronics Manufacturing Services Market is expected to reach USD 1038.1 billion by 2032, at a CAGR of 7.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because the swiftly expanding economies of Southeast Asia, including Vietnam, Indonesia, and Thailand, are emerging as appealing destinations for electronics manufacturing. In the quest for cost-effective and efficient manufacturing solutions, these burgeoning markets play a substantial role in driving the overall growth of the Electronics Manufacturing Services (EMS) market in the region.


• Based on service type, the electronics manufacturing segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.


• Vinatronic Inc., Benchmark Electronics Inc., Hon Hai Precision Industry Co. Ltd (Foxconn), Flex Ltd, Sanmina Corporation, Jabil Inc., SIIX Corporation, Nortech Systems Incorporated, Celestica Inc., Integrated Micro-electronics Inc., Creation Technologies LP, Wistron Corporation, Plexus Corporation, TRICOR Systems Inc., Sumitronics Corporation