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The worldwide electronics manufacturing services (EMS) market is a determining force in production of electronics products and now accounts for almost 40% of all assembly. While the rate of growth for outsourcing has slowed, it still represents the most desired manufacturing model for the assembly of advanced electronics products available to OEM companies. The EMS industry declined approximately 1.1% in 2016 as a result of the slowing of sales for PCs (desktop, notebook and ultra).
In its latest report, The Worldwide Electronics Manufacturing Services Market – 2017 Edition, New Venture Research (NVR) estimates that total electronics assembly value was $1.4 trillion in 2016 and will grow to approximately $1.7 trillion in 2021.
Fueled by the demand for EMS services, NVR estimates the contract manufacturing industry will grow from $425 billion in 2016 to $551 billion in 2021 – approximately at a compound annual growth rate (CAGR) of 5.3%.
For more information on the report, click here.