2022 ̣EMS and ODM Industries Projection

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Global EMS and ODM Market to Reach US$958.6 billion by the Year 2026

Electronics Manufacturing Services or EMS, also referred to as Electronics Contract Manufacturing (ECM), are services offered by companies engaged in design, manufacture, assembly and testing of electronic products and components such as complex computer systems, PCBs (printed circuit boards), switches and semiconductor devices.

ODMs are companies who provide manufacturing and post-sales services, apart from the key activity of product designing. Increasing demand for home appliances, computer hardware, high-end gaming PCs, and several other consumer electronic products accelerated the growth of the global market.

The key driver for the significant growth of the EMS market is the increasing demand for smartphones. Another important driver of the EMS market is the implementation of stringent policies that are difficult to comply with, requiring enhancement of companies` research and development activities.

There is a rising demand for electronic circuit boards in the EMS market owing to their surging application in various electronic devices. Several OEMs are outsourcing to EMS service providers their circuit assembly requirements, which significantly augment their profit margins. These factors are also likely to drive gains in the market.

Amid the COVID-19 crisis, the global market for EMS and ODM estimated at US$588.7 billion in the year 2020, is projected to reach a revised size of US$958.6 billion by 2026, growing at a CAGR of 8.5% over the analysis period. EMS, one of the segments analyzed in the report, is projected to grow at a 9% CAGR to reach US$759.8 billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the ODM segment is readjusted to a revised 7.5% CAGR for the next 7-year period. This segment currently accounts for a 29.2% share of the global EMS and ODM market.

The EMS model is gaining momentum supported by the ability of contract manufacturers to offer production-related economies of scale, procurement of raw materials, industrial design expertise, and resource pooling, in addition to providing value added services such as repairs and warranty. The ODM segment has gained popularity in mobile phones and personal computers sector, mainly due to increasing commoditization.

The U.S. Market is Estimated at $58.5 billion in 2021, While China is Forecast to Reach $366.7 billion by 2026

The EMS and ODM market in the U.S. is estimated at US$58.5 billion in the year 2021. The country currently accounts for a 9.3% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$366.7 billion in the year 2026 trailing a CAGR of 9.5% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR while Rest of European market (as defined in the study) will reach US$402.1 billion by the end of the analysis period.

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