EMS and ODM Market Size Will Reach USD 1,106.3 billion By 2030 | Increasing consumer electronics demand will drive the Market
Research Reports
Apr 13, 2023
EMS and ODM Market Insights:
During the historical forecast period, which ended in 2030, the EMS And ODM Market study was concluded at a market valuation of USD 1,106.3 billion. The market trends and emerging variables that would support market growth throughout the present forecast period of 2022–2030 have been examined in the study, which has been curated with the pandemic year of 2020 in mind.
According to the report, by the conclusion of the projection period in 2030, the EMS and ODM market is projected to develop at a CAGR of 8.62%, which is anticipated to contribute to the industry’s eventual market valuation of USD 1,106.3 billion.
Companies that offer services including designing, producing, assembling, and delivering printed circuit boards (PCB) assemblies and electronic test components are known as electronics manufacturing services (EMS) providers. Moreover, the businesses provide services like component and assembly repairs and returns for OEMs. Original equipment manufacturers are referred to as OEMs. ECM, or electronics contract manufacturing, is the general idea.
The term “ODM” (original design manufacturer) refers to a business that specialises in creating and producing any product-based design that adheres to current requirements. These businesses rely on the end-users’ unique specifications for their products. These businesses provide assistance to other businesses and suppliers who have the ability to manufacture the product and design the hardware. They should also assist in completely investing in the production lane and facilities.
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The EMS and ODM market is exposed to a number of aspects that will provide growth chances throughout the ongoing forecast period of 2022–2030 based on the market trends identified and the perspectives presented by market experts and industry executives.
One of the main drivers of the EMS and ODM market share is the growing demand for consumer electrical devices. The fact that the semiconductor industry is expanding widely and offering the EMS and ODM market strong development chances makes this market especially well-positioned to expand throughout the course of the forecast period.
Key Figures:
- Universal Scientific Industrial Co., Ltd. (Asia),
- Shenzhen Kaifa Technology Co., Ltd. (Asia),
- Foxconn Technology Co. Ltd. (Taiwan),
- New Kinpo Group (Taiwan),
- Venture Corporation Ltd. (Singapore),
- Zollner Elektronik AG (Germany),
- UMC Electronics Co., Ltd. (Asia),
- Flex Ltd. (Asia), Jabil Inc. (US),
- Sanmina Corporation (US)
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Regional Evaluation
The North American area, the European region, the Asia-Pacific region, the Latin American region, and the Middle East and African region make up the global EMS and ODM market.
Due to the growing demand for consumer electronics in this area, the Asia-Pacific region now holds the biggest market share in the global EMS and ODM industry. Another aspect is the quickening of technological development. The CAGR for this region is projected to be quite high at 10.33%. The North American area holds the second-largest market share in the global EMS and ODM market as a result of the increased innovations in consumer electronics product marketplaces to meet the region’s rising demand.
Due to the existence of nations like Germany, Italy, France, and the UK, the European area holds the third-largest market share in the global EMS and ODM industry. However, the market demand in this region is also fueled by a rise in personal disposable income.
Market division
Based on the product, application, and geography, the global EMS and ODM market has been segmented.
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Depending on the Product: The ODM and EMS segments of the market have been established globally. In 2018, the EMS held the biggest market share for the product dividend. While ODM firms assist in the manufacture and design of goods, it offers a variety of manufacturing services such testing, assembly, and design.
Based on the Application: The EMS and ODM market has been segmented into the medical industry, industrial sector, consumer industry, computer industry, communication industry, and other industries on a global scale based on the application.
Based on Region: The EMS and ODM market has been segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions make up the majority of the global EMS and ODM market.
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