Electronic Manufacturing Services Market Size

Electronic Manufacturing Services Market size was over USD 584.69 billion in 2024 and is poised to cross USD 1.42 trillion by the end of 2037, growing at more than 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of electronic manufacturing services is estimated at USD 617.9 billion.

The market's expansion may be ascribed to rising manufacturing output globally as well as the expansion of EMS's industrial applications, which include designing, testing, acquiring parts, assembling components, manufacturing, re-engineering, and logistics. For instance, It was observed that global manufacturing output reached a robust USD 16,333.69 Billion for 2023, which a 2,33% increase from 2021.

In addition to these, factors that are speculated to be driving the market growth for electronic manufacturing services include the globalization of the digital revolution, which is to blame for the rise in demand for printed circuit boards (PCB) in various arenas and the consequent rise in the number of PCB manufacturers globally. It is observed that the best PCB manufacturers are located in Asia with over 44% located in China itself.