Electronic Manufacturing Services Market Research Report By Service (Electronics Manufacturing Services, Engineering Services, Test & Development Implementation, Logistics Services, Others), By Industry (Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense, Healthcare, IT and Telecom, Others) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

Electronic Manufacturing Services Market Summary

As per MRFR Analysis, the Global Electronic Manufacturing Services (EMS) Market was valued at USD 599.97 Billion in 2024 and is projected to reach USD 996.26 Billion by 2034, growing at a CAGR of 5.2% from 2025 to 2034. Key drivers include cost-effective manufacturing solutions, focus on core competencies, globalization, and advancements in technology. The Asia-Pacific region dominated the market in 2022, accounting for 45.80% of the share, with China leading in market share and India being the fastest-growing market. The IT and telecom sector generated the highest revenue in 2022, driven by government policies and increasing demand for consumer electronics.

Key Market Trends & Highlights

The EMS market is significantly influenced by the focus on core competencies and technological advancements.

• Market Size in 2024: USD 599.97 Billion
• Projected Market Size by 2034: USD 996.26 Billion
• CAGR from 2025 to 2034: 5.2%
• Asia-Pacific Market Share in 2022: 45.80%

Market Size & Forecast

2024 Market Size: USD 599.97 Billion

2034 Market Size: USD 996.26 Billion

CAGR (2025-2034): 5.2%

Largest Regional Market Share in 2022: Asia-Pacific

Major Players

Key players include Sanmina Corporation (U.S.), Hon Hai Precision Industry Co. Ltd (Foxconn) (Taiwan), Benchmark Electronics Inc. (U.S.), Flex Ltd (Singapore), and Jabil Inc. (U.S.).

Key Electronic Manufacturing Services Market Trends Highlighted

The Global Electronic Manufacturing Services (EMS) Market is currently undergoing substantial trends, which are primarily driven by the growing demand for advanced electronic components in a variety of industries. The continuous expansion of technology adoption, which encompasses automation, artificial intelligence (AI), and the Internet of Things (IoT), is one of the primary market drivers.

Companies are compelled to seek partners who can offer comprehensive manufacturing services that guarantee high quality and reliability in order to accommodate these technologies, which necessitate sophisticated electronic devices. In addition, the trend of outsourcing production to countries with reduced labor costs is gaining momentum, enabling companies to concentrate on their core competencies and reduce operational expenses.

The Global EMS Market presents opportunities for exploration, such as the increasing emphasis on eco-friendly manufacturing practices and sustainability. EMS providers are implementing green manufacturing processes to mitigate energy consumption and pollution as consumers and governments place a greater emphasis on environmental responsibility.

This presents a chance for companies to distinguish themselves by emphasizing their sustainable practices. Global events, including the pandemic, have prompted a heightened emphasis on supply chain resilience, as evidenced by recent trends. Companies are investing in technologies and strategies that improve the transparency and agility of their supply chains, thereby enabling them to respond promptly to market fluctuations.

A competitive landscape has been fueled by the recent increase in demand for consumer electronics, medical devices, and automotive electronics. It is imperative for manufacturers to remain at the forefront of technological advancements and changing consumer preferences in order to achieve success in the Global EMS Market. As markets expand and diversify, there is a discernible trend toward integrated services that optimize the production process and foster innovation, thereby guaranteeing that EMS providers remain competitive and pertinent in a swiftly evolving environment.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electronic Manufacturing Services Market Drivers

Increasing Adoption of Internet of Things (IoT) Devices

The Electronic Manufacturing Services Market Industry is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) devices across various sectors, including healthcare, automotive, and consumer electronics. The International Telecommunication Union reported that as of 2022, there were over 15 billion connected devices globally, with projections suggesting this number could reach 50 billion by 2030. Companies like Apple and Samsung are continuously rolling out new IoT products that require advanced manufacturing capabilities.

As IoT adoption grows, the demand for Electronic Manufacturing Services becomes critical, particularly for firms that specialize in precision assembly, testing, and supply chain management. This upward trend in connected devices will inevitably fuel growth within the Electronic Manufacturing Services Market Industry, as manufacturers will need to enhance their operations to meet rising demand.

Rise of Electric Vehicles (EVs)

The surge in the electric vehicle (EV) market is another key driver in the Electronic Manufacturing Services Market Industry. The International Energy Agency reported that global sales of electric cars reached 6.6 million units in 2021, a dramatic increase of 108% compared to the previous year. Major automotive manufacturers like Tesla and Volkswagen are heavily investing in EV production, further driving demand for specialized electronic components.

This increase in production necessitates significant electronic assembly and manufacturing capacity, showcasing the crucial role of Electronic Manufacturing Services in scaling operations for EV technology. The focus on EVs will continue to influence the manufacturing landscape, thus, providing substantial growth opportunities for the Electronic Manufacturing Services Market.

Technological Advancements in Manufacturing Processes

Technological advancements in manufacturing processes, such as automation, artificial intelligence, and 3D printing, are transforming the Electronic Manufacturing Services Market Industry. A report by the World Economic Forum noted that by 2025, it is estimated that advanced manufacturing technologies could contribute an additional USD 1.5 trillion to the global economy. Companies like Foxconn and Flex are leading the charge in implementing smart manufacturing solutions that improve efficiency and reduce costs.

As these technologies become more integrated into manufacturing processes, companies will require Electronic Manufacturing Services that can adapt and innovate rapidly. This ongoing evolution will not only streamline production but also enhance product quality and reliability, ultimately accelerating growth within the Electronic Manufacturing Services Market.

Electronic Manufacturing Services Market Segment Insights

Electronic Manufacturing Services Market Service Insights

The Electronic Manufacturing Services Market focuses significantly on the Service segment, which encompasses a variety of crucial operational functions fundamental to the electronic manufacturing industry. In 2024, the overall Service segment generated substantial revenue, contributing to the market valuation of 599.97 USD Billion expected later that year and projected to grow towards 1048.07 USD Billion by 2035. One of the essential components of this segment is Electronics Manufacturing Services, dominated with a valuation of 300.0 USD Billion in 2024 and reaching 556.34 USD Billion in 2035, due to the rise in demand for outsourced manufacturing capabilities from various industries including consumer electronics, automotive, and healthcare.

Engineering Services follows as a key player with expected revenues of 85.0 USD Billion in 2024, indicating its vital role in product design and innovation, which is increasingly required for competitive advantage in technology-driven markets. Test and Development Implementation is also integral, aiming to ensure quality control and compliance in manufacturing processes, with revenues projected at 70.0 USD Billion in 2024. It offers manufacturers the reliability needed during the production phase, significantly reducing the risk of product failures.

Logistics Services, with expected revenues of 60.0 USD Billion in 2024, facilitates the efficient transportation and distribution of electronic components and finished goods, becoming crucial as globalization encourages more complex supply chains. Lastly, the 'Others' category, which includes specialized services, is set at 84.97 USD Billion in 2024 and underscores unforeseen niche services that are becoming increasingly valuable in meeting the unique needs of businesses worldwide.

Overall, the Service segment of the Electronic Manufacturing Services Market demonstrates a strong growth trajectory fueled by the increasing reliance on outsourcing, advances in technology, and the need for efficiency in manufacturing processes, thus providing diverse opportunities for stakeholders in the industry looking to capitalize on this market growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electronic Manufacturing Services Market Industry Insights

The Electronic Manufacturing Services Market was valued at 599.97 Billion USD in 2024, reflecting its robust growth trajectory. This sector encompasses various industries, including Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense, Healthcare, IT and Telecom, and Others. Each of these segments plays a critical role in driving demand for electronic manufacturing services. Consumer Electronics continues to thrive with the proliferation of smart devices, while the Automotive segment sees significant growth due to the shift toward electric vehicles and advanced driver-assistance systems.

Heavy Industrial Manufacturing benefits from increased automation and machinery advancements, highlighting the importance of reliable electronic components. Aerospace and Defense are marked by stringent quality and durability requirements, making Electronic Manufacturing Services vital for mission-critical applications. The Healthcare segment is experiencing rapid growth due to the rising demand for medical devices and healthcare technologies. Meanwhile, IT and Telecom are dominating with advancements in communication technologies and the surge in data centers.

Collectively, these segments contribute to the Electronic Manufacturing Services Market data, underlining substantial opportunities amid ongoing technological advancements, regulatory changes, and evolving consumer preferences.

Electronic Manufacturing Services Market Regional Insights

The Electronic Manufacturing Services Market is witnessing substantial growth across various regions, with North America holding a majority share valued at 220.0 USD Billion in 2024 and projected to reach 360.0 USD Billion by 2035. This region is a significant player due to its advanced technology sector and substantial demand for electronics. In Europe, the market valuation stands at 150.0 USD Billion in 2024, expected to grow to 250.0 USD Billion in 2035, driven by technological innovation and the automotive industry's reliance on electronic components.

The Asia Pacific region is also establishing itself as a crucial market, initially valued at 180.0 USD Billion in 2024, which is anticipated to expand to 310.0 USD Billion in 2035, largely due to the rapid industrialization and increasing electronics consumption in countries like China and India. Meanwhile, South America shows modest growth potential, valued at 30.0 USD Billion in 2024 and aimed at reaching 50.0 USD Billion by 2035, reflecting emerging market dynamics. Lastly, the Middle East and Africa are at 19.97 USD Billion in 2024, growing to 38.07 USD Billion in 2035, indicating growing investment in electronics manufacturing.

Each of these regions plays a critical role in shaping the Electronic Manufacturing Services Market landscape, providing opportunities driven by technological advancements and regional development strategies.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electronic Manufacturing Services Market Key Players and Competitive Insights

The Electronic Manufacturing Services Market is characterized by its dynamic environment, driven by the increasing demand for efficient manufacturing solutions that cater to the unique requirements of various industries including telecommunications, automotive, aerospace, and consumer electronics.

Companies competing in this space are focusing on innovative technologies, strategic partnerships, and a comprehensive service portfolio to enhance their competitive edge. The market is witnessing significant growth fueled by advancements in technology, a shift towards smart electronics, and growing trends such as Industry 4.0.

This has led to an increased focus on contract manufacturing, as businesses aim to reduce costs and improve operational efficiencies. The market landscape is characterized by the presence of both established players and emerging companies, leading to a diverse range of service offerings and competitive strategies aimed at capturing market share.

Jabil Inc has established itself as a prominent player in the Electronic Manufacturing Services Market by leveraging its comprehensive capabilities and a strong global footprint. The company operates more than 100 facilities across various countries and serves a multitude of end markets, demonstrating its extensive reach and operational flexibility. Jabil Inc’s strengths lie in its diversified service offerings, which encompass product design, manufacturing, supply chain management, and logistics.

This multifaceted approach allows the company to address the unique demands of its clients effectively, fostering long-term relationships and customer loyalty. Additionally, Jabil Inc's investments in cutting-edge technologies, such as automation and data analytics, further enhance its competitive position, enabling it to optimize manufacturing processes and improve turnaround times in order to meet ever-changing market needs.

Universal Scientific Industrial has carved a niche for itself in the Electronic Manufacturing Services Market through its wide array of electronic manufacturing solutions and a robust product portfolio that includes semiconductors, PCBs, and assembly services. The company enjoys a solid market presence, backed by its strategic development initiatives and the implementation of advanced manufacturing processes.

Universal Scientific Industrial has focused on strengthening its capabilities through mergers and acquisitions, which have expanded its technological prowess and market access. The company’s strengths also include a strong emphasis on research and development, aiming to innovate and adapt to emerging technological trends in the electronics sector. By cultivating partnerships with key industry players and enhancing its operational efficiency, Universal Scientific Industrial continues to solidify its position in the global market while catering to diverse customer requirements.

Key Companies in the Electronic Manufacturing Services Market Include

• Jabil Inc


• Universal Scientific Industrial


• Foxconn Technology Group


• Zollner Elektronik AG


• Quanta Computer Inc


• New Kinpo Group


• Electronics Manufacturing Services Inc


• Flex Ltd


• Benchmark Electronics


• Celestica Inc


• Sanmina Corporation


• Wistron Corporation


• Key Tronic Corporation


• Venture Corporation Limited


• Pegatron Corporation

Electronic Manufacturing Services Industry Developments

Recent developments in the Electronic Manufacturing Services Market reveal significant dynamics shaping the industry. In September 2023, Foxconn Technology Group did not acquire a controlling stake in any semiconductor firm. In mid-2024, it opted to invest in its own wafer-level chip stacking joint venture in Taiwan, with an emphasis on its in-house semiconductor packaging capabilities.

In August 2023, Pegatron Corporation did not disclose any new EMS technology partnerships. Nevertheless, in April 2025, it launched an AI + 5G smart factory in Batam, Indonesia, in partnership with Telkomsel. The facility is equipped with IoT sensors, private 5G, and AI-driven automation.

In July 2022, Zollner Elektronik AG acquired EIT's EMS division, thereby enhancing its presence in the United States by establishing three facilities along the east coast. In June 2024, it collaborated with Schweizer Electronic AG to enhance its value-added service capabilities by developing power-embedding PCB technologies.

Electronic Manufacturing Services Market Segmentation Insights

• 
  

  Electronic Manufacturing Services Market Service Outlook

  
  


• Electronics Manufacturing Services


• Engineering Services


• Test & Development Implementation


• Logistics Services


• Others

• 
  

  Electronic Manufacturing Services Market Industry Outlook

  
  


• Consumer Electronics


• Automotive


• Heavy Industrial Manufacturing


• Aerospace and Defense


• Healthcare


• IT and Telecom


• Others

• 
  

  Electronic Manufacturing Services Market Regional Outlook

  
  


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa

Report Attribute/Metric	Details
Market Size 2023	570.31 (USD Billion)
Market Size 2024	599.97 (USD Billion)
Market Size 2035	1048.07 (USD Billion)
Compound Annual Growth Rate (CAGR)	5.2% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Jabil Inc, Universal Scientific Industrial, Foxconn Technology Group, Zollner Elektronik AG, Quanta Computer Inc, New Kinpo Group, Electronics Manufacturing Services Inc, Flex Ltd, Benchmark Electronics, Celestica Inc, Sanmina Corporation, Wistron Corporation, Key Tronic Corporation, Venture Corporation Limited, Pegatron Corporation
Segments Covered	Service, Industry, Regional
Key Market Opportunities	Rising demand for IoT devices, Increased automation in manufacturing, Expansion in electric vehicle production, Growth in medical device outsourcing, Enhanced focus on sustainability practices
Key Market Dynamics	Increasing demand for outsourcing, Rapid technological advancements, Growing need for supply chain efficiency, Expansion of consumer electronics market, Rising focus on sustainability initiatives
Countries Covered	North America, Europe, APAC, South America, MEA