Procurement Resource’s New Electronic Manufacturing Services Industry Intelligence Report (2022) – Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Procurement Resource Thumbnail Book Image

According to a new report by Procurement Resource titled, ‘Global Electronic Manufacturing Services Industry Report: Analysis and Forecast 2022-2027’, the global electronic manufacturing services market attained a value of about USD XXXX million in 2021. The industry is further expected to grow at a CAGR of over XX% in the forecast period of 2022-2027 to reach a value of USD XXXX million by 2027.

Category Driver

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 making the communication segment is the leading segment. Besides, digitalisation of the market demands the utilisation of advanced electronics and capabilities, along with a high level of networking. Due to this electronic manufacturing services are being extensively used in the communication electronics industry. Likewise, 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.

Industry Developments in terms of Technology/Innovation/R&D/Sustainability

Leading manufacturers in the EMS market such as Vinatronic Inc., Hon Hai Precision Industry Co. Ltd. (Foxconn), Flex Ltd, Sanmina Corporation, and Nortech Systems Incorporated are launching differentiated solutions with advanced technologies such as AL, ML, and others. Besides, due to the rising competition in the market, the EMS providers are focussing on acquiring strategies to make their positions stronger by investing actively to expand factory production and implement the latest technology, to achieve new global standards. To keep up with the rising competitiveness in the EMS market, the manufacturers are embracing various technical revolutions, including virtual reality, the Internet of Things (IoT), and 3D printing to improve their output capability and investing heavily in R&D. The massive R&D activities are pushing the expansion of the Middle East and Africa, and South American markets. In May 2021, an electronic manufacturing services company, Foxconn Technology Group, affiliated with global automaker Stellantis NV to build inter-connected vehicles and produce electric cars in the Chinese market.

Key Findings of the Report:

  • The has been an astounding impact of COVID-19 on the electronic manufacturing services industry that led to a lowering in the demand for the services globally. However, looking at the trend in 2021, the automotive sector saw growth as the demand for electronic manufacturing services increased.
  • The demand for outsourcing manufacturing services to third-party manufacturing services providers has increased as companies intend to lessen inventory, warehouses, and infrastructure as part of their industrial operations, and move the balance of their investment resources toward sales and marketing, and R&D. 
  • The communication segment is the leading segment 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.
  • 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.
  • Numerous EMS businesses across the globe are making major investments in R&D and are implementing IoT technology to shorten their production processes.
  • 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 urbanisation 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.
  • 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.
  • The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
  • The key market players are HON HAI Precision Industry Co. Ltd, Pegtron, Quanta, Compal, Jabil Inc., Flextronics, Wistron Corporation, Celestica, PLEXUS Corporation, Benchmark Electronics Inc., and SIIX Corporation

Why Choose Procurement Resource?

  • The electronic manufacturing services industry report includes preferred sourcing strategies by key suppliers present in the category
  • The report provides an overview of the production process along with recent technologies being positioned
  • The information regarding price movement, price hedging, and demand-supply is also included in the report
  • The electronic manufacturing services industry report further offers category-specific regional trends and market dynamics
  • The report also covers supplier profiles including financial data, product portfolio, and recent category-based initiatives 
  • It provides extensive data pertaining to the demand, supply, cost, and pricing of electronic manufacturing services, along with an in-depth analysis of key indicators of category demand and pricing 
  • The electronic manufacturing services industry report provides category-based buyer and supplier negotiation levers and sourcing and procurement practices
  • The report extensively assesses the demand influencing and restricting factors on a regional and global level

About Us:

At Procurement Resource we have a team of highly skilled and seasoned experts who undertake extensive research to deliver our customers the newest and most up-to-date sourcing and procurement reports, cost models, price analysis, benchmarking, and category insights, which support our clientele to simplify their procurement process. Procurement Resource ensures that our clients remain at the forefront of their industries by offering actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. We work with a varied collection of procurement teams across industries to get insights and real-time data that our customers can effectively execute. Our team also tracks the prices and production costs of a broad range of goods and commodities, thus, providing our clients with updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge methodologies in the industry, assist our clients to understand the supply chain, procurement, and industry environment to form strategies that ensure their optimum growth and success in every step.

Contact Us:

Procurement Resource
Website: https://www.procurementresource.com/
Email: sales@procurementresource.com
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Americas: +1-415-325-5166 | EMA: +44-702-402-5790 | APAC: +91-8586081494

Similar Reports

Procurement Resource’s New Health Economics and Outcomes Research (HEOR) Service Industry Intelligence Report (2022) -Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Email Delivery

According to a new report by Procurement Resource titled, ‘Global HEOR Service Industry Report: Analysis and Forecast 2022-2027’, the global HEOR market attained a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of 12.81% in the forecast period of 2022-2027 to reach a value of USD 2779.2 million by 2027.

Procurement Resource’s New Nutmeg Industry Intelligence Report (2022) - Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Email Delivery

According to a new report by Procurement Resource titled, ‘Global Nutmeg Industry Report: Analysis and Forecast 2022-2027’, the global nutmeg market attained a volume of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of over 6% in the forecast period of 2022-2027 to reach a volume of above 180 thousand tonnes by 2027.

Procurement Resource’s New Electronic Manufacturing Services Industry Intelligence Report (2022) – Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Email Delivery

According to a new report by Procurement Resource titled, ‘Global Electronic Manufacturing Services Industry Report: Analysis and Forecast 2022-2027’, the global electronic manufacturing services market attained a value of about USD XXXX million in 2021. The industry is further expected to grow at a CAGR of over XX% in the forecast period of 2022-2027 to reach a value of USD XXXX million by 2027.

Procurement Resource’s New Beef Industry Intelligence Report (2022) – Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Email Delivery

According to a new report by Procurement Resource titled, ‘Global Beef Industry Report: Analysis and Forecast 2022-2027’, the global beef market attained a value of about USD XXXX million in 2021. The industry is further expected to grow at a CAGR of over XX% in the forecast period of 2022-2027 to reach a value of USD XXXX million by 2027.

Procurement Resource’s New Integrated Facilities Management Industry Intelligence Report (2022) – Analyses the Key Sourcing Strategies, Demand Indicators, Price Drivers, and Supplier Assessment

Email Delivery

According to a new report by Procurement Resource titled, ‘Global Integrated Facilities Management Industry Report: Analysis and Forecast 2022-2027’, the global integrated facilities management market attained a value of about USD 55.1 billion in 2021. The industry is further expected to grow at a CAGR of over 13.36% in the forecast period of 2022-2027 to reach a value of USD 116.5 billion by 2027.

Why Procurement Resource?

RIGHT PEOPLE

At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.

RIGHT METHODOLOGY

We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

RIGHT PRICE

Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

RIGHT SUPPORT

Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.