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The Worldwide Electronics Manufacturing Services Market 2021 Edition

  • ID: 5401959
  • Report
  • June 2021
  • Region: Global
  • 600 Pages
  • New Venture Research


  • 3CEMS
  • Di-Nikko
  • HANZA Group
  • Micro-Star
  • Providence
  • SVI

The worldwide electronics manufacturing services (EMS) market is a determining force in production of electronics products and now accounts for 43 percent of all assembly. While the rate of growth for outsourcing grew exceptionally in 2020 from the previous year, despite the threat of the COVID crisis that threatened to disrupt the supply chain and labor force. The EMS industry increased approximately 7.1 percent in 2020 as a result of the growing of sales for notebooks, Internet and cloud servers, and smart phones. 

The report begins with an analysis of the worldwide electronics assembly market giving a baseline for the manufacturing value of electronics product assemblies. A forecast is checked against 46 individual product segments which make up the majority of electronics assembly (automotive, consumer, industrial, medical, aviation and aerospace and defense industries). Some segments such as transportation and retail will experience negative effects over the forecast period due to COVID-19. The publisher estimates that total electronics assembly value (OEM+EMS+ODM) was $1.4 trillion in 2020 and will grow to approximately $1.6 trillion in 2025 at a CAGR of 3.4 percent, mostly fueled by the demand for EMS services. The contract manufacturing industry by itself will grow from $595 billion in 2020 to $838 billion in 2025 - approximately at a 7.1 percent CAGR. 

To support this conclusion, the report analyzes the EMS industry in a variety of ways. First, it reviews the worldwide market for EMS and OEM electronics assembly by individual product. Second, the report analyzes the EMS industry, including a breakdown of the market leaders and relative share by industry and region, Third, the market opportunity for emerging growth is presented by product and country across 46 product segments and 900+ manufacturing sites. No other report gives such detail by country wage rate and regional product assembly. The data can also be purchased as an Excel file to allow for easy analysis of the hundreds of variables collected in the report. 

The report also includes an EMS financial performance analysis for the best-performing companies and examines a variety of critical financial metrics. Another chapter reviews EMS mergers and acquisitions for the past few years and the impact on the growth of the industry and its competitiveness. 

The report concludes with profiles of the largest EMS and ODM firms (104 companies–87 EMS and 17 ODM) from all over the world. These reviews summarize the market focus of each company, its leading customers, and each company's financial production performance statistics. The intent of these profiles is to serve as a global directory and competitive analysis tool for industry participants. 

Note: Product cover images may vary from those shown


  • 3CEMS
  • Di-Nikko
  • HANZA Group
  • Micro-Star
  • Providence
  • SVI

Chapter 1: Introduction

Chapter 2: Executive Summary
Worldwide Market Forecast
Regional Market Share
Application Market Share
EMS Market Share
EMS Performance

Chapter 3: Worldwide Electronics Industry
Forecast, 2020 - 2025
World Economic Outlook
Summary Forecast
Industry Forecasts
Communications (9 product segments)
Computers (10 product segments)
Consumer (9 product segments)
Industrial (4 product segments)
Medical (3 product segments)
Automotive (4 product segments)
Aviation, Defense, Other Transportation (7 product segments)

Chapter 4: EMS Industry Structure, 2020
The Worldwide OEM Market for Electronic Products
Manufacturing Sources for Electronics Products
OEM Market by Seven Market Segments
EMS Market by Manufacturing Source (OEM, EMS)
EMS Statistics by Company Size (large/med/small)
Regional Production Market Share (51 Countries)
Americas (6 countries)
EMEA (30 countries)
APAC (15 countries)
Industry Production by Market Share (46 products)
Communications (9 product segments)
Computer (10 product segments)
Consumer (9 product segments)
Industrial (4 product segments)
Medical (3 product segments)
Automotive (4 product segments)
Commercial Aviation (2 product segments)
Military/Defense, Other Transportation (5 product segments)
Worldwide EMS Supplier Market Share

Chapter 5: Industry Forecast, 2020-2025
Worldwide OEM Market for all Electronic Products
Manufacturing Source for Electronics Assembly
OEM Market by Product and Market Segment
EMS Market by Production Source (OEM, EMS)
Regional Production Share by Country/Segment
Product Application Forecast (EMS, ODM)
Total WW Available Market by Product/Country

Chapter 6: Financial Benchmarks
Financial Performance Benchmarks
5-Year Sales Growth Rankings
Net Income Averages by Market Segment
Gross Margins by Market Segment
Return on Assets (Average plus Leaders)
Return on Equity (Averages plus Leaders)
Revenue per Employee (Average plus Leaders)
Revenue per Square Foot of Manufacturing Space
Other Performance Metrics - Earnings per Share
Growth (Average plus Leaders)
Average Base Wage Rate by 51 Countries
Summary Performance Rankings by Leading Supplier

Chapter 7: Mergers and Acquisitions
Past Activity, 2015 - 2020 - Largest and Best Deals by Year
Acquisition Classes and Valuations - Methods
Best OEM Divestment Opportunities by Region
M/A activity by OEM, EMS, ODM, OSAT and IDM

Chapter 8: Company Profiles of Leading Suppliers

List of Figures and Tables
Product Industry and Market Segments
Nominal GDP of Major Countries and Regions
Real GDP Growth Rates for Selected Countries
Electronics Assembly Market, 2020–2025
Computer Products, 2020–2025
Communications Products, 2020–2025
Consumer Products, 2020–2025
Industrial Products, 2020–2025
Medical Products, 2020–2025
Automotive Products, 2020–2025
Commercial Aviation, Defense, Other Transportation Products, 2020–2025
Worldwide EMS Market, 2020–2025
Worldwide OEM Market by Mfg. Source, 2020–2025
Worldwide OEM Market by Industry Segment, 2020–2025
Worldwide EMS Market by EMS Size, 2020–2025
Key EMS Statistics by Company Size, 2020
Worldwide EMS Market by Region, 2020
Large EMS Manufacturing Facilities by Country, 2020
Worldwide EMS Market by Country, 2020
- 51 Countries/Regions
Worldwide EMS Market by Industry Segment, 2020
- 7 Market Segments, 51 Products
- EMS and ODM Rankings
EMS Market Share, 2020
ODM Market Share, 2020
Top Ten CM Market Share, 2020
Worldwide OEM Market by Industry Segment, 2025
Worldwide EMS Market by Company Size, 2020–2025
Worldwide EMS Market by Country and CAGR - 2020 and 2025
Worldwide Total Market by Country and CAGR - 2020and 2025
Worldwide EMS Market by Region and Industry Segment, 2020–2025
Worldwide Total Market by Region and Industry Segment, 2020–2025
Worldwide EMS and Total Market by Product
- 51 Product Segments
- Forecasts from 2020 to 2025
Summary Financial Performance Metrics for Large Public EMS Companies, 2020
Key Financial Performance Metrics for Large Public EMS Companies, 2020
Worldwide EMS Margins by Industry Segment, 2020
EMS Companies by Revenue Growth Rate, 2020–2025
EMS Companies by Net Income, 2020
EMS Companies by Gross Margin, 2020
EMS Companies by Return on Assets, 2020
EMS Companies by Return on Equity, 2020
EMS Companies by Revenue per Employee, 2020
EMS Companies by Revenue per Square Foot, 2020
EMS Companies by Average Days Collection, 2020
EMS Companies by Inventory Turns, 2020
EMS Companies by Available Cash, 2020
EMS Companies by Debt to Equity, 2020
EMS Companies by 5-Year EPS Growth, 2020
Worldwide Performance Ranking for Leading EMS Companies, 2020
Worldwide EMS Wage Rates by Country, 2020
Merger and Acquisition Activity, 2020–2025
Leading Merger and Acquisition Activity by Company, 2020–2025
Average Merger and Acquisition Valuations by Company,2020–2025

Note: Product cover images may vary from those shown
  • 3CEMS
  • Accton
  • AmTRAN
  • Asteelflash
  • ATA IMS Berhad
  • Benchmark
  • BMK
  • BYD Electronics
  • Celestica
  • Cicor
  • Compal Electronics
  • Computime
  • Connect
  • Creation
  • DBG Holdings
  • Delta Electronics
  • Di-Nikko
  • Ducommun
  • Elemaster
  • ECS
  • Enics
  • eolane
  • Fabrinet
  • Fideltronik
  • Firstronic
  • Flex
  • Foxconn-Hon Hai
  • Gemtek Technology
  • Gigabyte
  • Global Brands Mfg.
  • GPV Group
  • Hana Micro
  • HANZA Group
  • IEC Electronics
  • IMI
  • Inventec
  • Jabil
  • Kaga Electronics
  • Katek
  • Katolec
  • Keytronic
  • Kimball
  • Kitron
  • Leesys
  • Lite-On
  • Luxshare
  • Mack Technologies
  • Melecs
  • Micro-Star
  • MiTAC
  • NEO Technology
  • New Kinpo Group
  • Neways
  • Nippon Mfg.
  • Norautron
  • Nortech Systems
  • NOTE
  • Orbit One
  • OSE
  • Pan-International
  • PC Partner
  • PCI, Ltd.
  • Pegatron
  • Plexus
  • Prettl Electronics
  • Providence
  • Qisda
  • Quanta Computer
  • Sanmina
  • Scanfil
  • Season Group
  • Selcom
  • Shenzhen Kaifa
  • Shenzhen Zowee
  • SigmaTron
  • SIIX
  • SKP Resources
  • SMT Technologies
  • SMTC
  • Sumitronics
  • Suzhou Etron
  • SVI
  • Topscom
  • TPV
  • TQ-Systems
  • TT Electronics
  • UMC
  • USI
  • Valuetronics
  • Venture
  • Vexos
  • V.S. Industry
  • Vtech EMS
  • Wistron
  • WKK
  • Wong’s
  • Zollner
Note: Product cover images may vary from those shown

The publisher's forecasts are developed using a four-step approach. First, expectations of world economic growth are set based upon historical data and forecasts obtained from published International Monetary Fund (IMF) reports.

Next, a top-down forecast of electronics industry growth is built. This analysis is based primarily on historical data obtained from the Semiconductor Industry Association (SIA) and World Semiconductor Trade Statistics (WSTS). Because semiconductor content is at the core of electronics products, semiconductor data is a good triangulation point for total assembly value. This data is augmented with information on passive content and estimates of labor and overhead.

Then, a bottom-up forecast is developed for each of the products in each segment. This is accomplished by first creating a unit forecast for each product based on historical data and various industry-leader opinions regarding future growth prospects for each product. A model of the assembly value of each product is then built using teardown analyses and price-based models. The unit volume times the assembly value per unit equals the total assembly value for each product - often referred to as the cost of goods sold (COGS).

Finally, the first three steps are reiterated to achieve a coherent forecast. The forecasts developed by this process are presented in all their industry reports.