Electronic Manufacturing Services Market –By Product, By Application– Global Forecast, 2025 – 2034

Electronic Manufacturing Services Market Size

The global electronic manufacturing services market size was valued at USD 626.8 billion in 2024 and is estimated to grow at 5.1% CAGR from 2025 to 2034. The growth of market is attributed to increasing demand for consumer electronics and increased IoT adoption worldwide.
 

The growing adoption of Electric vehicles (EV) is one of the main factors stimulating the growth of the electronic manufacturing services market, as EVs depend upon complex electronics such as battery management systems (BMS), power electronics, motor controllers, advanced driver-assistance systems (ADAS), and infotainment systems for better performance.
 

With increasing demand for electric vehicles (EVs), the outsourcing of the electronics manufacturing services (EMS) for sophisticated and complex components is adopted by the EV manufacturers. Another significant advantages of the EMS outsourcing is the cost savings as the in-house manufacturing of electrical components incurs major expenses such as material cost, labor cost, operational cost, and other supply chain expenses.  
 

For instance, according to Statista the revenue of the global EV market is estimated to reach over USD 828.6 billion by the year 2025. In addition, the EV market is projected to expand at a steady growth rate of 6.95% CAGR during the period from 2025 to 2029, this growth propels the demand for innovative and inexpensive solutions in the electronic manufacturing services market.
 

As the demand of electric vehicles is growing worldwide, automotive manufacturers are focusing on increasing their production volumes, which demands scalable manufacturing solutions. According to IEA, the global registrations of electric cars reached to 14 million by 2023. EMS companies provide mass production capability, supply chain optimization and cost effective solutions to automobile manufacturers to efficiently cope with growing market demand.
 

EMS providers must focus on their capabilities in high-precision and scalable manufacturing for the rising demand of electric vehicle components. Besides, EMS providers must improve supply chain management and cost optimization techniques to offer competitive pricing and high-volume manufacturing solutions for the manufacturers of electric vehicles aiming to scale up the production volume.
 

Electronic Manufacturing Services Market Trends

• EMS companies are increasingly adopting AI-power quality control along with robotics, automation, digital twins, predictive maintenance. Integration of smart technology accelerates production while making the process more precise and reliable. The application of real-time data and predictive analytics allows manufacturers to avoid mistakes and minimize downtime by quickly adapting to the needs of their customers.
   
• Another main trend within EMS market is the shift towards sustainability. EMS companies embrace sustainable manufacturing. This encompasses sustainable production lines that are energy efficient, recycling schemes, and use of RoHS compliant material. Companies make strategic investments into the circular economy to reduce e-waste, and promote resource productivity.
   
• Miniaturization is major trend driving the growth of EMS market, especially in consumer electronics, automotive, healthcare industries due to the requirement of sophisticated, small, and multipurpose electronic devices.
   
• With the proliferation of smartphones, wearables, and smart home devices, the requirement for miniaturized electronic components is accelerating. According to the GSMA report, the penetration of smartphones is expected to increase to over 91% as compared to 78% in 2023. The EMS providers focus on advanced PCB design, MEMS, and ultra-thin semiconductor packaging in order to develop high-performance space-efficient designs.
   

Electronic Manufacturing Services Market Analysis

Based on product, the market is divided into electronic manufacturing, engineering services, test & development implementation, logistics services, and others.  
 

• The electronic manufacturing segment dominated the global market accounting for a value of USD 376.5 billion in 2024. Electronic manufacturing segment is experiencing growth due to the higher requirements of performance, miniaturization, and sustainability demands.
   
• Companies are incorporating technologies like AI, automation, advance robots into their production lines. Cost reduction and increased specialization of firms in specific areas, continues to be an important phenomenon, especially in the consumer electronics and automotive industries.
   
• The engineering services market is projected to grow at a CAGR of 5.2% by 2034. This is attributed to increasing end-to-end product development requirements, high degrees of complexity in electronic devices, and a trend of outsourcing design and prototyping to specialist service providers.
   
• The test & development implementation segment held a market share of 9.3% in 2024. Testing and development has become a crucial aspect because of the complexity of the electronic products due to miniaturization. Companies are increasingly investing into complete automation of their testing procedure and indulging into virtual testing environments with an aim to enhance reliability and reduce product development cycles.
   
• The logistics services segment is expected to reach USD 45.9 billion by 2034. Logistics services in the EMS sector are becoming more advanced and sophisticated with an increased integrated supply chain on the global scale. Companies are adopting IoT and blockchain to enhance the management of their inventories while improving traceability, and some are focused on cost-dominant strategies.
   

Based on application, the electronic manufacturing services market is divided into computer, consumer electronics, aerospace & defense, medical & healthcare, automotive, semiconductor manufacturing, robotics, agriculture, power & energy, and others.
 

• The computer segment dominated the market with a market share of 31.9% in 2024. In the computer segment the demand for high-performance computing systems and miniaturized components is on the rise due to ongoing advancements in technologies like AI and data processing. Companies providing electronic manufacturing are concentrated on optimizing production for these systems by including miniaturized components, which addresses the cost and efficient designs required by these rapid technological advancements.
   
• The consumer electronics segment is expected to reach USD 219.4 billion by 2034. The shift towards smart and wearable devices is a noticeable trend in consumer electronics. This has resulted in EMS providers to adopt IoT connectivity and quicker product development cycles. They are committed to producing and delivering tailored, high-quality products while also achieving sustainability targets and mitigating high energy consumption by electronics usage in a growing eco-conscious market.
   
• The aerospace and defense market is projected to grow at a CAGR of 3.9% by 2034. The growing focus on precision and reliability in aerospace and defense is a one of major factors driving the growth of electronic manufacturing services market. The production of highly accurate and durable components designed particularly for autonomous systems and communication technologies have become a priority for the electronic manufacturing services providers. This trend demands that EMS providers work with strict requirements in terms of the reliability of the products and long-term adherence to standards to meet the demanding requirements of the aerospace market.
   
• The medical and healthcare market held a market share of 9.2% in 2024. The medical and healthcare sector is witnessing an increase in demand for wearable health monitors and diagnostic equipment. Devices that are biocompatible and provide data with high-accuracy and abide by strict health regulations are currently in focus which has led EMS providers to focus on developing advanced medical components, with high emphasis on the safety of the patient, the security of the data to meet this demand in the healthcare industry.
   
• The automotive market is projected to grow at a CAGR of 4.6% by 2034. The worldwide transition towards electric vehicles (EVs) is changing the requirements in the car manufacturing sector. Therefore, the electronic manufacturing service provides are focused on the manufacturing of advanced components for EVs such as battery systems, powertrains, and infotainment systems.
   
• The semiconductor manufacturing market is expected to reach USD 20.1 billion by 2034. One of the key trends in the semiconductor manufacturing is the demand for chips that can support 5G and AI peripherals. EMS providers are focusing on boosting the effectiveness and yield of semiconductor production, starting from cleanroom environment, assembly process, to build high-performance chips to meet the persistent demand around the world.
   
• The robotics market is projected to grow at a CAGR of 3.1% by 2034. The adoption rate of industrial robots in manufacturing, logistics, and warehousing increases as companies are focusing on improve productivity and reduce labour costs. Thus, EMS companies are providing their customers with technologically advanced PCBs, controllers, actuators, and also embedded systems with the growth potential of robotic automation.
   
• The agriculture market is expected to reach USD 6.3 billion by 2034. The use of drones and smart irrigation systems as part of precision farming technologies is driving the growth of EMS in the agricultural industry. EMS companies are designing and fabricating rugged, ultra-light, weather-resistant IoT enabled components that are able to facilitate data driven farming which helps farmers to better manage their resources, improve crop yields, and minimize waste through more efficient agricultural activities.
   
• The power energy market accounted for USD 10.3 billion in 2024. This segment growth is being supported by increasing adoption of renewable energy solutions. As EMS providers are developing solar, wind, and energy storage components that increase efficiency and reduce damage to the environment, there is also a growing push for smarter technologies in the grid that is driving new innovations in energy management that make power generation more sustainable and dependable.
   

In 2024, North America accounted for a share of 21.5% of global electronic manufacturing services market. Developments in electronics, automotive, and healthcare industries drive the North America EMS market. In North America, most key players have started emphasizing on R&D, high-tech manufacturing, and sustainability and now focusing more on the future aspects such as IoT, electric vehicles, and automation.
 

• In 2024, the U.S. market accounted for USD 121.1 billion. The need for high-quality, reliable, and innovative electronics is driving electronic manufacturing service market in the US.
   
• According to Statista, the revenue from consumer electronics sale in the US is projected to reach close to USD 510 billion by 2024, indicating the constant growth of this segment in the US market. Apple and Samsung are the leaders in the US consumer electronics market providing several electronic devices. Demand for advanced technologies such as 5G, IoT, AI chips contribute to the growth of EMS providers in the country. Market also faces some challenges like the shifting trade dynamics and competition associated with the low-cost manufacturing countries.
   
• The Canada industry is expected to reach USD 20.2 billion by 2034. Canadian EMS providers are concentrating on clean energy solutions through advanced and connected devices in the automotive, telecommunications, and electronics sectors.
   

In 2024, Europe accounted for a share of 16.8% of global electronic manufacturing services market. Europe’s EMS market is witnessing accelerated growth in industrial automation, automotive electronics, and renewable energy solutions.
 

• The Germany market is expected to reach USD 50.5 billion by 2034. Germany is a major player in the EMS market due to its advanced manufacturing capabilities along with industrial automation and smart engineering. New electronics production, such as shift towards electric cars and increasing efforts on sustainability, also assists the automotive industry and German EMS market.
   
• The UK electronic manufacturing services industry is expected to grow at a CAGR of 5% during the forecast period. The UK government is focusing on digital infrastructure and investing more in automation as well as the advanced manufacturing processes, which supports the growth in the UK market.
   
• France electronic manufacturing services market is expected to grow at a CAGR of 4.3% from 2025 to 2034. France is experiencing a rise in market as the need for complex electronic manufacturing is gaining momentum in the aerospace, industrial, and automotive sectors. In addition, it is supported by the increasing use of electric vehicles and renewable energy through the use of advanced technologies like IoT, 5G, and AI. Such factors are propelling France to embrace sustainability and invest in smart factories for efficient production.
   
• Italy’s market is expected to reach USD 17.1 billion by 2034. Italy’s market for electronic manufacturing services is robust within the automotive, industrial, and consumer electronics industries. Italian businesses are adopting automation, IoT, and Artificial Intelligence-based manufacturing technologies. The market is also oriented to energy-saving technologies and environmentally friendly production methods for the automotive and machine manufacturing industries.
   
• Spain market is projected to reach USD 9.5 billion by 2034. = Spain is incorporating advanced manufacturing for electric vehicles and smart devices that use energy-efficient technologies.
   

In 2024, Asia Pacific accounted for a share of 45.1% of global electronic manufacturing services market. The presence of leading consumer electronics brands  such as Sony, Samsung and Panasonic in the region coupled with a large customer base demanding premium features and user experiences in devices are supporting the market growth in the region.
 

• The China electronic manufacturing services industry is expected to grow at a CAGR of 5.2% during the forecast period. China is amongst the top players in the electronics manufacturing services market as it is capable of producing and manufacturing wide variety of electronic products including smartphones, computers, consumer electronics and more.
   
• Leading global companies like Apple, Samsung, Huawei depend upon Chinese EMS providers for sourcing the component all the way to its assembly providing both simple to complex manufacturing solutions which mostly includes product prototyping, design, testing and supply chain management. The massive domestic market, supply chain infrastructure, continuous innovation ensures that China will continue to lead the EMS market during the forecast period.
   
• Japan is expected to account for a share of 12.4% of the electronic manufacturing services market in Asia Pacific. Japan’s government is playing a significant role in supporting the electronics manufacturing industry by emphasizing on the innovation in technology as well as the advancements in AI, IoT, investment in smart cities, healthcare, and automation.
   
• Japan’ s focus on sustainability is another trend in the EMS market, Japanese manufacturers are adopting green practices into their manufacturing driven by both government regulations as well as consumer demand for eco-friendly products.
   
• South Korea market is expected to grow at a CAGR of 7.2% during the forecast period. The electronics manufacturing services market in South Korea is driven by the country’s focus on semiconductor manufacturing and consumer electronics as well as automotive industries. The country is focused on advanced technologies in manufacturing, for automation and smart factories. South Korea accounts for significant portions of global supply chains for high-tech electronics and digital infrastructure.
   

• Electronic manufacturing services market in India is expected to grow at a CAGR of 7.8% during the forecast period. Rapidly expanding domestic electronics market coupled with tech-oriented youth and low labour cost are drivers for the India’s market.
   
• According to IBEF, India aims to achieve electronic manufacturing worth of USD 300 billion by the end of 2026 by the establishment of various segments to add to this objective including the benefit and contributions from India’s electronic goods exports. Government of India promotes local manufacturing and reduce on imports by focusing on initiatives like “Make in India.” Therefore, electronic manufacturing service market in India is poised for growth and global dominance in this industry.
   

• Electronic manufacturing services market in ANZ is expected to grow at a CAGR of 7% during the forecast period. Increasing military expenditure in the ANZ countries creates a demand in ruggedized electronics, communication system, and surveillance technology. For instance, in May 2024, Australia allocated over USD 35 billion of spending for its next fiscal year in its defense budget. The EMS providers are also experiencing benefit due to these defense organizations' and aerospace companies' contracts regarding high-reliability PCBs and embedded systems.
   

In 2024, Latin America held a market share of 9.2% in global electronic manufacturing services market. Increasing demand in sectors such as the automotive, telecommunication, and consumer electronics drive the EMS market in Latin America.
 

• Brazil market is expected to grow at a CAGR of 3.7% during the forecast period. Brazil’s electronic manufacturing services industry is registering robust growth, particularly in automotive, telecommunications and consumer electronics. The country is concentrating on increasing its manufacturing capacity and supply chain management.
   
• Mexico electronic manufacturing services industry is expected to grow at a CAGR of 2.5% during the forecast period. The growth of EMS market in Mexico is driven mainly by the surging demand for smartphones, wearables, smart home devices, and IoT applications.
   
• The well-established electronics assembly infrastructure in Mexico allows the companies to produce a high volume of consumer electronics, which is efficiently produced with competitive costs. Trade agreements including USMCA between the United States, Mexico, and Canada, which offers tariffs and encourage Foreign Direct Investment into Mexico's EMS sector. Further, the government of Mexico extends tax incentives along with infrastructure supports to attract more electronics manufacturers into the country.
   

In 2024, Middle East and Africa accounted for a share of 7.5% of global electronic manufacturing services market. In the Middle East and Africa, the EMS market is expanding due to the region’s focus on energy, aerospace, and defense as well as the increase of local manufacturing and smart technologies adoption that are improving growth in industrial and consumer electronics.
 

• In 2024, UAE accounted for 27.3% of the Middle East & Africa market. The UAE's electronic manufacturing services industry is primarily expanding in the telecommunication, automotive, and energy sectors. The country is also interested in being a hub for smart manufacturing and is heavily emphasizing renewable energy. The UAE is focusing on modernization by pouring funds into the automation and high-tech electronics industries.
   
• Saudi Arabia electronic manufacturing services market is expected to grow at a CAGR of 3.9% during the forecast period. Saudi Arabia is witnessing growth in the market with a focus on meeting the demands of energy, defense and telecommunications. The nation is investing on high-end construction and services projects, especially on renewable energy and industrial automation.
   
• South Africa market expected to reach USD 12.3 billion by 2034. South Africa’s electronic manufacturing services industry is growing in areas such as automotive, telecommunications and renewable energy. South Africa is expanding its manufacturing bases and embracing advanced digital and smart manufacturing technologies. In addition, the country is developing its own production capabilities to minimize reliance on imported goods.
   

Electronic Manufacturing Services Market Share

The prominent players in the market are Foxconn (Hon Hai Precision Industry Co., Ltd.), Compal Electronics Inc, Quanta Computers Inc., and Wistron Corporation accounting for a significant share of 25% in the market. The key players in this market compete across comprehensive services, and customer base by providing product design, assembly, testing, supply chain management, post- production support like services to industries such as consumer electronics, automotive, telecommunications, industrial equipment.
 

The competition is based on price and on the ability to provide high-quality and reliable solutions that can meet the changing needs of customers. Many of the smaller companies focus on niche or specific geographic areas to offer services for local clients. Additionally, new technologies like 5G, IoT, AI, electric vehicles, is further intensifying the market competition as companies try to develop and adapt to these technologies. EMS market is also facing challenges raised by supply chain disruptions, variations in labour costs forcing the players to be agile, responsive, and adaptable to changing global trends.
 

Electronic Manufacturing Services Market Companies

List of the prominent players operating in the electronic manufacturing services industry industry include:

• Compal Electronics, Inc.
• Foxconn (Hon Hai Precision Industry Co., Ltd.) 
• Flex Ltd.
• Quanta Computer Inc
• Wistron Corporation 
   

Foxconn offers solutions ranging from the development of the product to manufacturing and its distribution. With the Foxconn’s extensive global network of facilities, it can produce at large a scale fulfilling the demands of key customers such as Dell, Apple, and Sony. Foxconn is renowned for providing end-to-end solutions including supply chain management, quality control, after-sales services. Foxconn is expanding its reach in emerging economies. In May 2023, Foxconn performed an inauguration ceremony for opening of its new electronics manufacturing facility in Telangana (India).
 

Compal’s focus on being responsive and flexible to change allows it to adjust efficiently to shifting market conditions and demands. Compal’s ability to uphold quality and efficiency of the product is another aspect which offers competitive edge among Original Equipment Manufacturers (OEMs). The company is primarily known for its proficiency in notebook and computing device assembly.
 

Wistron Corporation is known for its high-quality services and is one of the largest EMS providers. It is well recognized for manufacturing several products, such as laptops, smartphones, networking equipment, consumer electronics, that are cost-effective and flexible to manufacture.
 

Electronic Manufacturing Services Industry News

• In June 2024, TVS Electronics Limited (TVS-E) introduced Electronics Manufacturing Services (EMS) capability in its Bengaluru, India facility. As part of the launch, the SMT line was implemented in the facility. The manufacturing facility provides complete solutions covering supply chain, box construction, product testing, and PCB assembly. This vast ecosystem enables the fulfillment of different manufacturing-related needs by TVS Electronics, ranging from warranty services to repair solutions, and even design improvements.
   
• In January 2024, Tata Electronics Private Limited acquired Wistron Infocomm Manufacturing (India) by acquiring 100% stake of the company marking a momentous milestone in the Indian electronics manufacturing. This will position Tata Group to become first company in India to manufacture Apple iPhones locally.
   
• In February 2024, NEOTech launched an Electronics Manufacturing Center of Excellence along with the launch of New Product Introduction (NPI) which represent a significant investment towards advancing NEOTech’s capabilities in high-technology product manufacturing. This facility is strategically located in Fermont, California, in the Silicon Valley.
   

The electronic manufacturing services market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:

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Market, By Product

• Electronic manufacturing
  • PCB assembly
  • Cable assembly
  • Electromechanical assembly/box build
  • Testing
  • Prototyping
  • Others
• Engineering services
  • Circuit design
  • PCB layout
  • Others
• Test & development implementation
  • Circuit assembly testing
  • Fully assembled unit testing
  • Others
• Logistics services
  • Inventory management
  • Remanufacturing
  • Others

Market, By Application

• Computer
• Consumer electronics
• Aerospace & defense
• Medical & healthcare
• Automotive
• Semiconductor Manufacturing
• Robotics
• Agriculture
• Power & Energy
• Others

The above information is provided for the following regions and countries:

• North Americ 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific 
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin Americ 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE