The EMS and ODM stands for Electronics Manufacturing Services and Original Design Manufacturer. The Electronic Manufacturing Services are provided by companies that render services like designing, assembling, manufacturing and distributing the final approved product. Whereas, an Original Design Manufacturer is an organization which designs, manufactures and distributes products under the specification given by other firms.
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The Global EMS and ODM Market stood at a steady rate with an estimated value of $574.10 billion in 2020 and is projected to reach $750.14 billion by 2027. The market is anticipated to grow at a CAGR of 4.26% during the forecast period 2024-2031. The expansion of the semiconductor sector on a wide scale and the increasing demand for consumer electronic products are major factors that are driving the growth of the Global EMS and ODM market in the forecast period. With increase in demand for consumer electronics such as laptops, television, computers, tablets etc., due to entertainment or communication purposes, the global EMS and ODM market is expected to register an excellent growth. Additionally, the expansion of the semiconductor sector on a wide scale is witnessing a foremost prospective for the market growth during the forecast period.
Meanwhile, the strategies acquired by market players are improving their profitability. Moreover, they look out for the expansion of EMS and ODM around the market sectors like industrial, automobiles, medical and pharmaceutical sectors. Along with this, some market players such as Sanmina Corp., Zollner Elektronik AG, Foxconn Technology Co. Ltd., adopt strategies to sustain market growth in EMS and ODM. Developing a new product line, manufacturing and development of innovative production processes, integration of innovation in existing products and establishing a partnership, and collaboration with exceeding market players are some strategies adopted by market players to expand their base in untapped markets, and these are expected to significantly impact the growth of the Global EMS and ODM Market.
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Market Coverage
- Segment Covered-
o By type
o By Application
- Competitive Landscape- HONHAI, Pegtron, Luxshare, Sanmina, USI, PLEXUS and MiTAC and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global EMS and ODM Market Report Segment
By Type
- EMS
- ODM
By Application
- Computers
- Consumer Devices
- Servers and Storage
- Networking
- Emerging
- Others
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