Electronic Manufacturing Services Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Service (Design & Engineering, Manufacturing, Assembly, Testing, Others), By End-User (Healthcare, Aerospace And Defence, Automotive, Telecom And IT, Consumer Electronics, Others), And By Geography - Forecasts From 2021 To 2027

Published:  Feb 2022 Report Code: KSI061612785 Pages: 156

Electronic Manufacturing Services Market is projected to witness a compound annual growth rate of 4.16% to grow to US$857.482 billion by 2027, from US$619.039 billion in 2019. The market is expected to surge in the coming years due to the rise in the number of electric vehicles, cost reduction in the manufacturing process, and increasing investments in R&D. With the increasing innovation and advancement of emerging technologies, such as 5G and the IoT, electronic component manufacturing and designing had been revolutionized. There has been a surge in the demand for electronics manufacturing services in the consumer electronics industry, because of its growing connectivity among its products, like gaming, audio, wearable, and virtual reality. The increasing investments in the semiconductor industry are expected to play a major role in the overall market growth. According to the semiconductor industry association, the total sales of semiconductors were US$439 billion in the year 2020, a rise of 6.5%, from the previous year. There have been a plethora of novel initiatives and developments in the market, in the past few years. For instance, in June 2021, Microart Services, a key electronic manufacturing services provider, announced that it had joined forces with an engineering firm, Berlin KraftWorks Inc., intending to bridge the gap between ideation and total volume commercial production. This development is expected to have a positive impact on the market in the coming years. In June 2021, PG Electroplast, one of the key players in the electronic manufacturing services market, announced that it had approved an investment worth INR766 million, and would use the investment to enhance India’s manufacturing capabilities. 

COVID-19 Impact On Electronic Manufacturing Services Market

The global outbreak of the COVID-19 pandemic resulted in bringing several key industries to a standstill and leaving others with a severe negative impact during the period. Electronics and the electronics manufacturing industry were one of them. Further, the impact resulted in the delay of the introduction of several new products for many months to come. The key impact was the disruptions of the supply chain caused due to strict lockdowns and curfews imposed by the governments in order to curb the widespread of the disease during the period.

Rising sales of electric vehicles.

The market is expected to surge in the coming years, due to the rise in the sales and number of electric vehicles, worldwide. The electrification of the automobile has been one of the most disruptive and innovative changes in the automobile sector, globally. In the transition towards complete electrification, auto producers and manufacturers have been matching the pace in innovation and advances in component and technical capabilities. This has given the rise in the demand for advancement in electronic manufacturing services (EMS) in electronic component manufacturing and process, developing electronics in the automotive industry more reliable, cost-efficient, and smaller.

The rise in the demand for electric vehicles is expected to have a positive impact on the market. According to the International Energy Agency, sales of electric cars were 2.1 million in the year 2019, with a register of 40% year-on-year increase. Around half a million electric buses had been in circulation in 2019, with most of them in China. The increasing tax incentives on electric vehicles in the United States and China are expected to boost overall electric vehicle sales. Major companies have been making significant developments in the market, in the past few years. For instance, Pegatron, an EMS provider, had been tapped by Tesla to develop and make control computers for Tesla’s Model 3 electric vehicle. Pegatron had been chosen because of its ability as an EMS provider to reduce its tablets, notebooks, and all in computer manufacturing and production. These trends are expected to have a positive impact on the market, in the coming years.

Consumer electronics to hold a significant share.

By Industry vertical, the electronic manufacturing services market is segmented as healthcare, aerospace and defense, automotive, telecom and IT, consumer electronics, and Others. Electronic manufacturing services are widely used by companies across industry verticals. Companies offer services of manufacturing, testing, designing, and repairing either electronic components or assemblies for OEMs. Applications offered in the electronic manufacturing service segment are broad and diverse. Electronic manufacturing series can be applied in various industries across the global market, thereby augmenting widespread adoption across industry verticals. The consumer electronics market is estimated to hold a significant share in 2019 while the EMS market for automotive is estimated to grow at a rapid pace during the course of the forecast period.

Good growth opportunities in the United States.

The United States electronic manufacturing services market is set to expand throughout the forecast period to attain a notable market size by the end of the forecast period. The prime factor for growth in the region is the presence of major market players in the country like Benchmark Electronics, Flex Ltd., Plexus Corp, Jabil Inc., and Celestica Inc. The increasing demand for electronics in the country is further facilitating the growth of the market. Moreover, increasing services provided by the key market players are propelling the wide adoption of contractual services by OEMs to increase their focus on core operations and further invest in improving their productivity.

Electronic Manufacturing Services Market Scope:
Report Metric Details
 Market size value in 2019  US$619.039 billion
 Market size value in 2027  US$857.482 billion
 Growth Rate  CAGR of 4.16% from 2019 to 2027
 Base year  2019
 Forecast period  2021–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Services, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Benchmark Electronics, Flex Ltd., Plexus Corp, Jabil Inc., Celestica Inc., Compal   Inc., Creation Technologies, Foxconn Electronics Inc., Sanmina Corporation,   Venture Corporation Limited, Jabil Inc.
 Customization scope  Free report customization with purchase



  • By Services
    • Design & Engineering
    • Manufacturing
    • Assembly
    • Testing
    • Others
  • By End-User
    • Healthcare
    • Aerospace & Defense
    • Automotive
    • Telecom & IT
    • Consumer Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global electronic manufacturing services market?
A1. Electronic Manufacturing Services Market was valued at US$619.039 billion in 2019.

Q2. What are the growth prospects for the electronic manufacturing services market?
A2. The global electronics manufacturing services market is projected to grow at a CAGR of 4.16% over the forecast period.

Q3. What factors are anticipated to drive the electronic manufacturing services market growth?
A3. The electronic manufacturing services market is expected to surge in the coming years due to the rise in the number of electric vehicles, cost reduction in the manufacturing process, and increasing investments in R&D.

Q4. What will be the electronic manufacturing services market size by 2027?
A4. The electronics manufacturing services market is projected to reach a market size of US$857.482 billion in 2027.

Q5. Who are the major players in the electronic manufacturing services market?
A5. Prominent key market players in the electronic manufacturing services market include Benchmark Electronics, Flex Ltd., Plexus Corp, Jabil Inc., Celestica Inc., Compal Inc., and Creation Technologies, among others.


1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Scope of the Study

1.5. Currency

1.6. Segmentation

1.7. Assumptions

1.8. Base, and Forecast Years Timeline


2.1. Research Design

2.2. Secondary Sources

2.3. Validation



4.1. Drivers

4.1.1. Rising Sales of Electric Vehicles

4.1.2. Growing Demand for Consumer Electronics

4.2. Restraints

4.2.1. Lack of Skilled Workforce

4.2.2. Strict Government Regulations

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4 Industry Value Chain Analysis


5.1. Introduction

5.2. Design & Engineering

5.3. Manufacturing

5.4. Assembly

5.5. Testing

5.6. Others


6.1. Introduction

6.2. Healthcare 6.3. Aerospace And Defense 6.4. Automotive

6.5. Telecom & IT

6.6. Consumer Electronics

6.7. Others


7.1. Introduction

7.2. North America

7.2.1. By Services

7.2.2. By Industry Vertical

7.2.3. By Country United States Canada Mexico

7.3. South America

7.3.1. By Services

7.3.2. By Industry Vertical

7.3.3. By Country Brazil Argentina Others

7.4. Europe

7.4.1. By Services

7.4.2. By Industry Vertical

7.4.3. By Country Germany France United Kingdom Spain Others

7.5. Middle East And Africa

7.5.1. By Services

7.5.2. By Industry Vertical

7.5.3. By Country Saudi Arabia Israel Others

7.6. Asia Pacific

7.6.1. By Services

7.6.2. By Industry Vertical

7.6.3. By Country China Japan South Korea India Others


8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix


9.1. Benchmark Electronics

9.1.1. Overview

9.1.2. Products and Services

9.1.3. Financials

9.1.4. Key Developments

9.2. Flex Ltd.

9.2.1. Overview

9.2.2. Products and Services

9.2.3. Financials

9.2.4. Key Developments

9.3. Plexus Corp

9.3.1. Overview

9.3.2. Products and Services

9.3.3. Financials

9.3.4. Key Developments

9.4. Jabil Inc.

9.4.1. Overview

9.4.2. Products and Services

9.4.3. Financials

9.4.4. Key Developments

9.5. Celestica Inc.

9.5.1. Overview

9.5.2. Products and Services

9.5.3. Financials

9.5.4. Key Developments

9.6. Compal Inc.

9.6.1. Overview

9.6.2. Products and Services

9.6.3. Financials

9.6.4. Key Developments

9.7. Creation Technologies

9.7.1. Overview

9.7.2. Products and Services

9.7.3. Key Developments

9.8. Foxconn Technology Group

9.8.1. Overview

9.8.2. Products and Services

9.8.3. Financials

9.8.4. Key Developments

9.9. Venture Corporation Limited

9.9.1. Overview

9.9.2. Products and Services

9.9.3. Financials

9.9.4. Key Developments

9.10. Wistron Corporation

9.10.1. Overview

9.10.2. Products and Services

9.10.3. Financials

9.10.4. Key Developments



Benchmark Electronics

Flex Ltd.

Plexus Corp

Jabil Inc.

Celestica Inc.

Compal Inc.

Creation Technologies

Foxconn Electronics Inc.

Sanmina Corporation

Venture Corporation Limited

Jabil Inc.


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