Electronic Manufacturing Services Market Share

APAC Market Forecast

Asia Pacific EMS market is anticipated to hold 36% of the revenue share. The existence of significant semiconductor foundries in the region, notably the Asia Pacific "Big 4" nations, as well as the increasing encouragement given to domestic manufacturers in growing economies like India to support the electronics manufacturing industry are the main factors contributing to the market's growth. For instance, the Asia Pacific region is the largest market for semiconductors, accounting for approximately 60% of global semiconductor sales, with China alone accounting for more than 30%.

North American Market Statistics

North America electronic manufacturing services market is expected to gain significant revenue share during the forecast period. The consumption of consumer electronics in middle- and high-income households is anticipated to increase as a result of the region's urbanization and steady population expansion. Low-income people are using consumer electronics more frequently because they are more readily available at affordable prices from a variety of local producers, including smart home gadgets, smartphones, and televisions. The prosperous financial standing of North America also enables it to make large R&D investments with a total expenditure on R&D at USD 706.1 Billion in 2019. Future market growth is also anticipated to be influenced by the region's rising structural electronics penetration and the rapid adoption of structural electronics in sensors, solar devices, and conductors for luxury automobiles and spacecraft.