Wednesday, April 20, 2022

Global Electronic Manufacturing Services Industry Report: Analysis and Forecast 2022-2027

Electronic Manufacturing Services Industry by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global Electronic Manufacturing Services (EMS) market reached a value of USD XXXX million in 2021. The industry is further expected to grow at a CAGR of about XX% in the forecast period of 2022-2027 to reach a value of USD XXXX million by 2027. The prices of Electronic Manufacturing Services in 2021-2022 are expected to be impacted due to an unprecedented impact of COVID-19 in 2020-2021 which hampered the demand for electronic manufacturing services across regions amidst various restrictions related to the pandemic. To add further, the pause and interruption in the delivery of the raw materials needed for automotive and communication electronics have adversely influenced the market. The key demand indicator is the highest category spender by region—North America (the United States and Canada).

Electronic Manufacturing Services: Industry Definition and Segmentation

Scope

Electronics manufacturing services (EMS) are classified as organizations that design, manufacture, test, distribute, and deliver return/repair services for electronic components and assemblies for original equipment manufacturers (OEMs). This model is also described as electronics contract manufacturing (ECM). Electronic manufacturing requires different levels of automation, that depend on the organization and the project for which they require the equipment.

Get a Free Sample Report with Table of Contents: - https://www.procurementresource.com/reports/electronic-manufacturing-services-industry-report/request-sample

The electronic manufacturing services industry report comprises segments:

  • By services - electronic designing and engineering, assembly, manufacturing, supply chain management, and others
  • By industry - automotive, communications, computer, consumer electronics, industrial, healthcare, commercial aviation, defense, etc.
  • By region - North America, Europe, Asia Pacific, the Middle East, and Africa, and South America

Snapshot of the Report

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Read Full Report with Table of Contents: - https://www.procurementresource.com/reports/electronic-manufacturing-services-industry-report

Category Drivers

The communication segment is the leading division owing to the expanded adoption of networking and wearable technologies and increased use of cell phones helping in the development of the communications electronic market. Besides, the digitalization of the market demands the utilization of advanced electronics and capabilities, along with a high level of networking. Because of this factor, electronic manufacturing services are being extensively used in the communication electronics industry. Similarly, the healthcare category is also gaining popularity since electronics such as printed circuit boards from x-rays to pacemakers have become primarily important in the medical industry.

The digital health sector most commonly point-of-care products and devices is projected to drive the growth of the EMS market. Other important drivers are the increasing need to reduce the time to market, shifting manufacturing units to countries in the Asia Pacific which have low labour costs, the growing need for medical device production in Europe and America, intensifying inclination toward outsourcing by original equipment manufacturers to augment output, expanding electrification in vehicles, and increasing move toward electric vehicles and rise in the use of smart home gadgets.

Category Insight by Region

North America’s EMS market has grown heavily due to the increase in the use of consumer electronics in middle- and high-income populations due to the region’s fast urbanization and constant population growth. In the Asia Pacific region, China is one of the most important markets in the EMS market, because of its strong presence in consumer electronics, semiconductors, and other telecommunications products and machinery manufacturing sectors. The European EMS market is growing for PCBA assembly, research, prototyping, and construction, as major European automotive manufacturers such as Volkswagen, BMW, and Renault are affiliating with electronic manufacturing service providers. The massive R&D activities, the adoption of electric vehicles, and the growth of consumer and automotive electronics are pushing the expansion of the Middle East and Africa, and South American markets.

Best Procurement Practices

The global Electronic Manufacturing Services industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of electronic manufacturing services products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

There are several levels of automation depending on the company and the project in the electronic manufacturing services industry. Strong automated manufacturing is used by companies that produce significant turns of products. On the other hand, companies with a small production run generally gather PCBs physically to save time and expense involved in setting up automated assembly equipment. The second category is the design that provides services that incorporate various correlated actions that take place after ascertaining a customer’s requirements and needs before assembling and manufacturing begins. After designing the product, testing takes place which can be of one or more types after completing a model of the product.

The third step is to manufacture different types of electronic products such as Printed circuit boards (PCBs), Microelectronics, Optoelectronics, and Radio Frequency/Wireless. Finally, the EMS companies produce the equipment and specializes in several different production levels and speeds, which are based on their available equipment and resources. The leading PCB manufacturing companies are using various methods to reduce production costs by engaging automated robots and cheap labour. Countries like China, Japan, Singapore, and Taiwan have cheap electricity, labour, and raw material because of which the production cost is comparatively lower than European countries and the United States.

Key Supplier Profiles included in the Global Electronic Manufacturing Services Industry Report

The key market players are HON HAI Precision Industry Co. Ltd, Pegatron, Quanta, Compal, Jabil Inc., Flextronics, Wistron Corporation, Celestica, PLEXUS Corporation, Benchmark Electronics Inc., and SIIX Corporation.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource

Contact Person: Chris Smiths

Email: sales@procurementresource.com

Toll Free Number: USA & Canada: +1-415-325-5166 | Europe & Africa: +44-702-402-5790 | APAC: +91-8586081494

Address: 30 North Gould Street, Sheridan, WY 82801, USA

City: Sheridan

State: Wyoming

Country: United States

Website: https://www.procurementresource.com/

0 comments:

Post a Comment

Categories

Popular Posts