Electronic Manufacturing Services Market: Outlook, Opportunity and Demand Analysis, Forecast 2026

Electronic Manufacturing Services Market: Outlook, Opportunity and Demand Analysis, Forecast 2026

The electronic manufacturing services market analysis document represents a detailed collection of prioritized market definitions, industry scope and reach, and pivotal industry insights. Information about the many pitfalls of the market as well as the frequent challenges encountered by core industry players have been summarized in the report. That apart, the document also endorses details about the numerous driving parameters impacting the revenue landscape of this vertical.

With the advancement of emerging technologies like IoT and AI, which is fostering investments towards industrial automation, the electronic manufacturing services market is projected to record a lucrative rate of growth over the forecast timespan. The addition of industrial robots for the purpose of smart manufacturing effectively increases operational performance while also limiting the level of human intervention thereby achieving cost-effectiveness, which would complement industry outlook.

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With the advent of new technologies and innovations, various new trends are being introduced that are likely to drive the proliferation of EMS across different industrial sectors. With many industries embracing automation, the demand for smart devices is likely to go up tremendously and promote growth of the market landscape. The rise in smart devices enhances efficiency by decreasing human error as well as the time required for moving the product from design to final production. Moreover, improved analytics is further enabling EMS companies to develop smart solutions and also fine-tuning their respective processes with real-time data.

Based on service, in 2019, the logistics services segment accounted for a market share of over 5% and is further anticipated to grow at a CAGR of more than 3% over the projected time period. Several electronic manufacturing services providers are also investing in activities such as logistics and transportation. They are making these investments in order to achieve timely delivery and effectively eliminate the service defects that happen due to improper transportation which impact their brand image. Moreover, the increasing trend of technical products at a high cost has further led consumer electronics manufacturers to go in for third-party, independent logistics services. This in turn will help firms in maintaining fast delivery along with improving their worldwide presence.

In terms of application, the medical & healthcare application segment is likely to witness a growth rate of more than 4% CAGR over the forecast timeframe. The growth is mainly ascribed to increasing digitalization of medical devices and surgical machinery in the sector. This will further increase the demand for EMS services in the medical domain to effectively deliver safe as well as secure treatment. Service providers in the industry need to obey numerous healthcare & safety regulations like ISO 13485, that helps in enhancing safety in EMS. Moreover, the trend of developing real-time monitoring devices and systems in healthcare sector has further augmented the adoption of effective PCB assembly through EMS.

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North America electronic manufacturing services market accounted for over 20% market share and is estimated to record a growth rate of over 6% by the end of the forecast timeline. The regional growth is mainly ascribed to the growing consumers inclination towards the adoption for portable diagnostic systems like Fitbit. The rising preference toward incorporation of smart sensors into diagnostic systems has further driven the demand for EMS in the region.

The competitive landscape of electronic manufacturing services market includes Sanmina Corporation, Foxconn Electronics, Inc., ASE Group, Compal Electronics, Inc., Jabil, Inc., and Benchmark Electronics, Inc. among many others.

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