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Electronic Manufacturing Services Market Share

Report ID: GMI2971
Published Date: Jun 2024
Report Format: PDF

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Electronic Manufacturing Services Market Share

Foxconn (Hon Hai Precision Industry Co., Ltd.) & Compal Electronics, Inc. hold a significant share of over 35% in the electronic manufacturing services industry. Foxconn offers end-to-end solutions, ranging from product development and manufacturing to distribution and post-purchase services. With its extensive global network of facilities, the corporation can produce at a large scale, which is essential for satisfying the demands of key customers such as Apple, Dell, and Sony.

Compal's operations strategy, which prioritizes responsiveness and flexibility, allows it to quickly adjust to shifting customer demands and market situations. This flexibility is essential in a sector defined by shifting consumer tastes and quick technical advancements. Compal's capacity to oversee mass production while upholding superior quality and efficiency is another important aspect that contributes to its popularity among Original Equipment Manufacturers (OEMs). Furthermore, Compal has a broad geographical reach, establishing production plants in several countries beyond Taiwan including China, Vietnam, and Brazil.

Both Foxconn and Compal Electronics have carved out dominant positions in the EMS market through strategic growth initiatives, continuous investment in technology, and maintaining strong relationships with major global brands, making them pivotal players in the electronics manufacturing landscape.

Electronic Manufacturing Services Market Companies

Major players operating in the electronic manufacturing services industry are:

Benchmark Electronics
Celestica
Compal Electronics, Inc.
Fabrinet
FLEX LTD
Foxconn (Hon Hai Precision Industry Co., Ltd.)
INTEGRATED MICRO-ELECTRONICS, INC.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Electronic manufacturing services industry size was USD 580.2 billion in 2023 and is projected to expand at over 5% CAGR from 2024 to 2032, led by the increasing use of smartphones and other smart devices.

The computer application segment in the electronic manufacturing services (EMS) industry is estimated to depict over 7% CAGR between 2024 and 2032, on account of the ongoing need for computing devices in a variety of industries, such as corporate settings, IT services, and consumer markets.

The electronic manufacturing product segment in the electronic manufacturing services (EMS) industry is estimated to record more than USD 650 billion by 2032, owing to its ability to incorporate cutting-edge technologies into the manufacturing process.

Asia Pacific electronic manufacturing services (EMS) market accounted for over 40% share in 2023, led by the presence of robust infrastructure for electronics manufacturing, the availability of skilled labor, and lower operating costs.