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EMS and ODM Market Insights:
The global Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) market was valued at USD 743.78 billion in 2023. This dynamic and rapidly evolving industry is anticipated to grow from USD 809.64 billion in 2024 to an impressive USD 1,457.95 billion by 2032. This growth trajectory represents a robust compound annual growth rate (CAGR) of 7.6% during the forecast period from 2024 to 2032.
EMS providers are contract manufacturers specializing in electronics. Their services encompass a broad spectrum of activities that include design, manufacturing, testing, shipping, and repairing electronic components and assemblies for Original Equipment Manufacturers (OEMs).
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Key Players:
are the notable vendors in the EMS and ODM Market.
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EMS and ODM Market Regional Analysis:
Geographically, the global EMS & ODM market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Asia Pacific contributed significantly to the growth of the EMS & ODM sector in 2023 and is likely to maintain its market dominance in the following years. By working intimately with OEMs, EMS suppliers guarantee that the item configuration is advanced for proficient assembling, cost-adequacy, and dependability. EMS organizations handle the whole assembling process, from obtaining parts to collecting the eventual outcome. EMS organizations execute thorough quality control estimates all through the assembling system. Re-appropriating assembling to EMS suppliers frequently brings about cost investment funds for OEMs. Teaming up with EMS organizations permits OEMs to use state of the art advancements. For surface mount technology (SMT), through-hole assembly, and testing, they have specialized facilities with cutting-edge equipment.
The North America, on the other hand, is expected to have a significant market over the projection period. The penetration of EMS providers is rapidly rising as the price of electronic devices and related products rises. The expanding semiconductor industry is one of the key factors boosting the ODM and EMS markets. As computers and consumer electronics gain popularity, the EMS and ODM Market is anticipated to expand significantly. One or more of the main factors propelling the market’s expansion include proximity to markets, low labor inputs, increasing saturation in PC outsourcing, increasing momentum in notebook PC manufacturing, a more varied product mix, and end markets. Additionally, it is anticipated that increased EMS and ODM use in several industries, including manufacturing, consumer electronics, and automotive, will accelerate market growth.
EMS and ODM Market Segmentation:
The scope of the global EMS & ODM market has been segmented based on type, application, and region.
Based on type, the global EMS & ODM is segmented into EMS & ODM. The ODM segment is expected to have the fastest growth rate during the forecast period since OEMs are gradually opting for ODMs as their contract manufacturer as they offer additional benefits such as limited control over IP rights, designs of PCBs, and control boards. They are largely being adopted by SMEs and startups which require services within a constrained budget. ODMs provide the OEMs with a design template that can be customized as per client requirements, that too at a reduced cost. The end-user verticals that are rapidly adopting ODM services are the communication, computer, and consumer sectors.
Based on application, the global EMS & ODM market is segmented into consumer electronics, communications, automotive & transportation, industrial, medical, energy and others. The communications segment is expected to have the fastest growth during the forecast period. The communications industry has seen rapid technological advancements in recent years with many smartphone manufacturers opting for EMS and ODM companies to outsource the designing and development of their products. EMS and ODM companies primarily design and develop mobile wireless infrastructure, broadband, and IP telephony (media gateways, soft switches, IP PBX), among other telecom products.
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