Electronics Manufacturing Services Industry to Hit USD 921.50 Billion by 2030, Fueled by Industry Innovation and Demand Growth, Size, Share
According to estimates, the Electronics Manufacturing Services Industry will attain a size of nearly USD 921.50 billion by 2032, from USD 553.34 billion in 2022, growing at a CAGR of 4.8% in the next decade.
Key carriers: who has been led global competitiveness: Foxconn, Flex Ltd. and Benchmark Electronics_enable innovation and diversification Foxconn dominates the market with mass production and a strategic push into electric cars, partnering with EV start-ups and building plants in the U.S. and India. Flex Ltd.’s sustainable and design-led manufacturing abilities also extends its portfolio through investment in Circular Economy Solutions and acquisitions such as Anord Mardix. Benchmark Electronics specializes in the design of mission-critical electronics, including advanced medical devices, with significant investments in AI-driven analytics and defense technologies. These companies, along with others like Jabil and Sanmina, help shape the rapidly evolving landscape of the Electronics Manufacturing Services Industry.
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The 5 companies with the biggest Electronics Manufacturing Services Industry share
According to the latest analysis data, The leading 5 EMS companies dominating the worldwide EMS industry are:
Hon Hai Precision Industry Co., Ltd.
Taiwanese Foxconn is the largest electronics manufacturer by revenue in the world, widely known for producing consumer electronics such as smartphones, laptops and servers. It has increasingly moved into electric vehicle (EV) production, including tie-ups with startups and set-up facilities in India and the U.S.
Flex Ltd.
Flex Ltd. provides end-to-end manufacturing and supply chain solutions for multiple sectors, including healthcare, automotive, and industrials, and is based in Singapore. The company focuses on design-led, sustainable manufacturing, and its Circular Economy Solutions proposition reuses materials. The acquisition of megatrends like that, and Anord Mardix, really contribute, also the Flex position those range in genera.
Jabil Inc.
Jabil Inc. — USA — offers integrated design, manufacturing and supply chain services. The company serves various industries, including healthcare, automotive, and consumer electronics. Jabil is a technology companies who works in healthcare production operations across the Caribbean.
Wistron Corporation
Wistron Corporation is one of the top leading ICT services, products, and systems technology service providers based in Taiwan. The firm bring cloud technologies within the domain of providing tech service solutions and platforms. Wistron is a partner of companies such as Optiemus in the facilitation of electronics across India.
Sanmina Corporation
USA based Sanmina Corporation provides EMS solutions for OEMs and computer hardware manufacturers. As demand for advanced products like those in data centers, 5G, networking and automotive sectors has grown, the company has extended its operations in Thailand.
Recent Deals and Deal Makers
The Electronics Manufacturing Services Industry segment has experienced multiple mergers and acquisitions to improve capabilities and enhance market penetration:
Burberry (OTC:BBRYF) Plans to Invest in M&A in Japan's Murata Manufacturing: Japan's Murata Manufacturing is looking to pursue major M&A, with rumors indicating potential deals worth over 100 billion yen (around $665 million). The expansion targets include inductors, sensors and other electrical components, both domestically and internationally.
TE Connectivity Acquires Richards ManufacturingTE Connectivity has acquired Richards Manufacturing for about $2.3 billion. This acquisition is a strategic move that seeks to leverage the increasing demand for electricity, especially from AI data centers, and strengthen TE Connectivity's offerings in the energy sector.
New Clinically Relevant Challenges in the Mistreatment
The Electronics Manufacturing Services Industry space is witnessing significant trends led by both technological advancements and strategic investments:
Siemens Makes $285 Million Investment in U.S. Manufacturing — Siemens is making a $285 million investment in U.S. manufacturing, which includes new facilities in California and Texas. This effort is designed to bolster manufacturing capacity and benefit different U.S. sectors such as AI data centers.
Cloud Infrastructure and Irish Companies: Irish companies have played a big part of the global cloud and data center market. Firms like Hanley Energy have enjoyed rapid growth, signing up major clients like Amazon Web Services and becoming key players in the industry.
Strategic Investments / New Capital in Leading EMS Companies
Top EMS companies have raised new funding and made strategic investments to strengthen their market positions:
Foxconn's expansion plans: The Taiwanese multinational electronics manufacturer Foxconn plans to double the employment and investment in India over the next 12 months.
Benchmark Electronics Adding New Facility In U.S.: Benchmark Electronics announced that they will be spending about $20 million on the capital improvements to a new manufacturing plant in the U.S., citing the company's commitment to helping stimulate the U.S. semiconductor industry.
The EMS sector continues to evolve with global needs, as the top players pursue mergers, acquisitions and investments to bolster their capabilities and market positioning. These advancements showcase the industry's dedication to innovation and the evolving requirements of diverse industries.
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