EMS Market Expected to Grow $675 Billion by 2024


Reading time ( words)

An electronic manufacturing service (EMS) is a sort of subcontracting that offers broad assortment of center assembling capacities. Electronic manufacturing specialist co-ops are essentially manufacturers that make a positive contract with various ventures to make electronic items in the interest of them. EMS suppliers will assume a huge job in the gadgets esteem chain. The EMS business is typically disseminated into Tiers by their income: Tier 1, Tier 2, Tier 3 and Tier 4.

The EMS market is expected to exceed more than $675 billion by 2024 at a CAGR of 7.5%.

The major driving factors of electronics manufacturing services (EMS) market are as follows:

  • Rising demand for automotive electronics
  • Growing demand for consumer electronics
  • Advanced skill and focus on core competencies
  • Proliferation of mobile devices

The major restraining factors of electronics manufacturing services (EMS) market are as follows:

  • Violation of intellectual property rights etc.
  • Stringent government and environment regulations
  • Intense competition among players

The major opportunities of electronics manufacturing services (EMS) market are as follows:

  • Rising demand for consumer electronics in both developed and developing nations
  • Innovative technological advancements

Share

Print


Suggested Items

Emerging Engineers: Raviteja Boyana

04/01/2021 | Raviteja Boyana
Recent engineering graduate Raviteja Boyana discusses IPC's Emerging Engineer program and the IPC Education Foundation Scholarship, along with his mentorship with Gen3's Graham Naisbitt. Ravi has already found a job in the industry with Maxim Integrated.

Catching Up With Sean McConville, Niche Electronics

02/22/2021 | Dan Beaulieu, D.B. Management Group
Dan Beaulieu catches up with Sean McConville, vice president of business development at Niche Electronics, who shares his background in the industry, the strengths of his company, and how the pandemic has affected its business.

Meet Christine Davis, I-Connect007 Columnist

12/23/2020 | I-Connect007 Editorial Team
Meet Christine Davis, one of our newest columnists! Christine will share her expertise and lessons learned through her journey as one of the few women in the electronics industry to found and run her own company.



Copyright © 2021 I-Connect007. All rights reserved.