Global EMS And ODM Market Size By Type (EMS, ODM), By Product (Patient Monitoring System, Respiratory Monitoring Devices), By End User (Hospitals and Trauma Centers, Ambulatory Surgical Centers), By Application (Communication, Computer), By Geographic Scope And Forecast
Published on: 2024-08-05 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global EMS And ODM Market Size By Type (EMS, ODM), By Product (Patient Monitoring System, Respiratory Monitoring Devices), By End User (Hospitals and Trauma Centers, Ambulatory Surgical Centers), By Application (Communication, Computer), By Geographic Scope And Forecast
EMS And ODM Market Size And Forecast
EMS And ODM Market size was valued at USD 599.28 Billion in 2024 and is projected to reach USD 1164.62 Billion by 2031, growing at a CAGR of 8.66% from 2024 to 2031.
- Electronics Manufacturing Services (EMS), also known as Electronics Contract Manufacturing (ECM), is a service offered by firms that design, manufacture, assemble, and test technological products and components such as complex computer systems, printed circuit boards (PCBs), switches, and semiconductor devices. Electronic manufacturing services (EMS) refers to organizations that inspect, manufacture, distribute, and provide rehabilitation/repair services for original design manufacturers’ electronic parts and assemblies. An original design manufacturer (ODM) is a company that designs and makes a product, which is then rebranded by another company and sold.
- These services include a variety of activities including testing, sub-assembly production, circuit board printing, component assembly, and remodeling. Medical – Medical expects their EMS providers to supply not only the most modern procedures and the highest standards, but also industry innovations and information that can lead the introduction of a new product without requiring seamless development. Industrial applications employ a variety of technologies across a wide range of industries.
- The services required to purchase a new product cover the entire product life cycle, from scoping and specification to prototyping and testing to final integration. Aerospace and defense demand critical security solutions to ensure excellent performance and dependability in severe, environmentally friendly applications. There will be a heavy focus on electrification.
- The rapidly expanding semiconductor industry will drive market expansion. Consumer items are becoming increasingly popular in the electronics market. To preserve their market potential, the leading players in the EMS And ODM market use a variety of business growth tactics, including the introduction of new goods and product development. Consolidation and acquisition are two corporate growth techniques used by well-known organizations to strengthen their market positions.
Global EMS And ODM Market Dynamics
The key market dynamics that are shaping the global EMS And ODM system market include
Key Market Drivers
- Cost EfficiencyCost efficiency has a significant impact on the EMS And ODM markets. Companies look for manufacturers who can offer competitive pricing while maintaining high quality standards. Cost efficiency drives outsourcing decisions, causing businesses to collaborate with EMS (Electronic Manufacturing Services) and ODM (Original Design Manufacturing) providers to reduce manufacturing costs and increase margins.
- Technological ExpertiseAnother important factor is the necessity for specific technical knowledge. EMS And ODM providers frequently have advanced technology and expertise in certain industries such as electronics, automotive, and healthcare. Companies use this expertise to improve product innovation, quality, and time-to-market, which increases demand for EMS And ODM services.
- Globalization and Supply Chain OptimizationIn a global market, businesses strive to optimize their supply chains by using the skills of EMS And providers. Outsourcing manufacturing operations to these partners enables organizations to access global resources, diversify markets, and reduce risks associated with regional dependence or disruptions, boosting agility and resilience.
- Focus on key CompetenciesCompanies are increasingly prioritizing key competencies such as R&D, marketing, and customer service, while outsourcing manufacturing to EMS And ODM providers. This strategic approach enables businesses to deploy resources more efficiently, expedite product development cycles, and respond swiftly to market changes, hence driving global growth in the EMS And ODM industries.
Key Challenges
- Supply Chain ManagementCoordinating a complicated network of suppliers, particularly for components with long lead times or prone to shortages, can result in production delays and increased costs, affecting profitability.
- Quality ControlMaintaining consistent quality standards across several manufacturing locations and guaranteeing compliance with customer demands can be difficult, especially when dealing with broad product portfolios and severe regulations.
- Intellectual Property Protection Protecting exclusive designs, technology, and confidential details from unauthorized access or replication is critical in the EMS And ODM markets, where collaboration among multiple stakeholders raises the risk of hacking and intellectual property theft.
- Market Volatility Fluctuations in demand, quick technical breakthroughs, and changing consumer preferences make it difficult for EMS And providers to foresee, plan capacity, and remain competitive in an increasingly dynamic market scenario.
Key Trends
- Increased Automation and Industry 4.0The EMS And ODM markets are experiencing a considerable transition toward automation and smart manufacturing processes, also known as Industry 4.0. This trend combines IoT, AI, and robotics to improve production efficiency and precision. These technologies help to save labor costs and boost production flexibility.
- Sustainability & Green ManufacturingThere is a rising emphasis on sustainability in the EMS And ODM industries. Companies are implementing environmentally friendly practices, such as using renewable energy, decreasing waste, and recycling goods. This movement is fueled by both legal regulations and customer demand for ecologically friendly items.
- Customization and FlexibilityCustomers are increasingly looking for customizable and flexible production solutions. EMS And providers are adjusting by providing more customized services to satisfy specific client requirements, such as quick prototyping and small-batch production. This tendency enables businesses to respond rapidly to market developments and consumer preferences.
- Geopolitical Shifts and Supply Chain DiversificationGeopolitical concerns and trade uncertainty are influencing the EMS And ODM markets, prompting enterprises to diversify their supply chains. Firms are spreading their manufacturing facilities beyond traditional hubs like China, into Southeast Asia, Eastern Europe, and Mexico. This method helps to limit risks while also ensuring production continuity.
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Global EMS And ODM Market Regional Analysis
Here is a more detailed regional analysis of the global EMS And ODM market
North America
- North America is a leading EMS And ODM market due to its superior technological infrastructure and innovation capabilities. The region is home to several major technological companies and startups, which drive demand for specialized electronics manufacturing services. This concentration of technology companies creates a strong ecosystem for EMS And ODM providers.
- The region’s robust economic climate and high consumer demand for innovative gadgets help to maintain its dominance. North America offers a sizable market for consumer electronics, automotive electronics, and industrial applications that necessitate high-quality manufacturing and design services. This need provides a consistent stream of revenue for EMS And ODM providers.
- North America’s emphasis on quality and regulatory compliance distinguishes it as a vital market for EMS and ODM. Companies in the region stress strict quality standards and regulatory compliance, necessitating dependable and capable manufacturing partners. This emphasis on quality encourages global EMS And ODM providers to develop and expand operations in North America.
- The availability of trained labor and modern R&D facilities strengthens North America’s position in the EMS And ODM markets. The region has a well-educated workforce and world-class research institutes that foster innovation and product development. This access to skill and cutting-edge research makes North America an appealing site for EMS And ODM activities.
Asia Pacific
- The Asia-Pacific region, notably China, is the fastest growing market for EMS and ODM. This region’s dominance is due to its extensive infrastructure, which enables large-scale manufacturing operations. Countries like as Taiwan, South Korea, and Vietnam also make important contributions, providing trained labor and cost-effective manufacturing capabilities. Because of its aggregate regional strength, Asia-Pacific has emerged as a global powerhouse for electronics manufacturing.
- The Asia-Pacific region’s popularity in the EMS And ODM markets can be attributed to supply chain efficiency. The region has a well-established network for procuring raw materials, components, and offering assembly services. This efficient supply chain decreases production costs and lead times, making it appealing to worldwide electronics manufacturers. As a result, numerous international firms outsource their manufacturing requirements to Asia-Pacific firms.
- Innovation and technology investments in the Asia-Pacific region help to solidify the company’s leadership position in the EMS And ODM markets. Countries such as China and South Korea have made significant investments in advanced manufacturing technology and research and development. These investments allow them to provide high-quality, innovative manufacturing and design services. This technological advantage attracts worldwide electronics firms looking for cutting-edge solutions.
- The dominance of the Asia-Pacific EMS And ODM market is also attributed to government support. Many regional governments offer favorable policies, incentives, and infrastructure support to the electronics manufacturing industry. These approaches serve to minimize operational expenses and increase the competitiveness of local producers. As a result, Asia-Pacific remains the world’s favored destination for electronics manufacturing and design services.
Global EMS And ODM MarketSegmentation Analysis
The Global EMS And ODM Market is Segmented on the basis of Type, Product, End Users, Application, And Geography.
EMS And ODM Market, By Type
- EMS
- ODM
Based on Type, The market is segmented into EMS and ODM. ODM is dominating EMS because it is well established in the telecommunications sector. Additionally, the industry has improved and grown in terms of tools and design. ODMs typically work with SMEs and OEM startups with minimal budgets. Because ODM uses its own design template.
EMS And ODM Market, By Product
- Life Support and Emergency Rehabilitation Programs
- Patient Monitoring System
- Respiratory Monitoring Devices
- Temperature Monitoring Devices
Based on Product, The market is segmented into Life Support and Emergency Rehabilitation Programs, Patient Monitoring System, Respiratory Monitoring Devices and Temperature Monitoring Devices. Life Support and Emergency Rehabilitation Programs are more prevalent due to increased demand in Europe and the Asia Pacific area. As a result of the Covid emergency, this product will be more demanding.
EMS And ODM Market, By End User
- Hospitals and Trauma Centers
- Ambulatory Surgical Centers
Based on End User, The market is segmented into Hospitals, Trauma Centers, and Ambulatory Surgical Centers. Ambulatory Surgical Centers are dominating centers because doctors can now assess patients in emergency rooms and track their behavior, which makes it more demanding. Because patient care is the most important aspect of the health sector at all times, centers should be able to easily maintain all of their equipment and services.
EMS And ODM Market, By Application
- Communication
- Computer
- Consumer
- Industrial
- Medical
Based on Application, The market is segmented into Communication, Computer, Consumer, Industrial and Medical. Industrial dominates because it is very demanding in the EMS. And the ODM Market might contribute to quick expansion in the industrial sector. Additionally, because every activity is carried out here utilizing electronic equipment, there is a need for the design and testing of equipment in general.
EMS And ODM Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the EMS And ODM Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. EMS And ODM vendors in the United States and Europe are growing earnings by diversifying their operations into the medical, automotive, and industrial sectors. Companies’ high levels of investment help to drive market expansion in North America. At the moment, these traders are focused on expanding their portfolio, demonstrating the region’s prominent presence in the worldwide market. Asia-Pacific is expected to make a considerable contribution to the EMS And ODM Market because to the region’s growing demand for consumer electrical items. This increased demand has resulted in significant technological advancements.
Key Players
The “Global EMS And ODM Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Zollner, Foxconn, Jabil, USI, New KINPO, Celestic, PLEXUS, Flextronics, SIIX Kaifa, and Fabrinet. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
EMS And ODM Market Recent Developments
- In November 2023, Intel will collaborate with eight key Electronics manufacturing Services (EMS) companies and Original Design Manufacturers (ODMs) to speed up laptop manufacture in India. With this collaboration, Intel hopes to use its extensive industry understanding of the IT industry ecosystem to provide important technological and operational insights to the local laptop manufacturing business.
- In May 202, Zetwerk’s subsidiary, Zet Town India, opened a new 50,000 sq ft facility in Noida for manufacturing wearables, hearables, and IoT devices. The plant boasts 16 production lines, advanced testers, and an innovation lab for future product customization. This expansion strengthens Zet Town’s role in India’s hearables, wearables, and broader IoT product design and manufacturing.
- In September 2022, Ikotek, a leading Internet of Things (IoT) company, is expanding its leadership team with industry veterans to fuel its continued growth. The San Diego-based company offers a one-stop shop for IoT solutions, from design to manufacturing and certification. Ikotek boasts a track record of designing, manufacturing, and shipping millions of IoT devices.
- In June 2022, Hon Hai Precision Industrial Co., Ltd., also known as Foxconn Technology Group, built Taiwan’s largest supercomputer. The supercomputer has been utilized in a variety of applications, including animation imaging, sports data analysis, picture analysis, surgery, patient test records, and radiation therapy simulations.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Zollner, Foxconn, Jabil USI, New KINPO, Celestic, PLEXUS, Flextronics, SIIX Kaifa, Fabrinet. |
Segments Covered | Type, Product, End Users, Application, And Geography. |
Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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