USD 498.90 Billion
Report ID: SQMIG20E2062 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 61 | Figures: 75
Global EMS and ODM Market size was valued at USD 498.90 Billion in 2021 and is poised to grow from USD 541.9 Billion in 2022 to USD 1050.02 Billion by 2030, at a CAGR of 8.62% during the forecast period (2023-2030).
The global Electronics Manufacturing Services (EMS) and Original Design Manufacturing (ODM) market is witnessing steady growth, driven by the increasing demand for consumer electronics, such as smartphones, tablets, and wearable devices, as well as the rising adoption of advanced technologies like Internet of Things (IoT) and 5G. The growth of the EMS and ODM market is fuelled by several advantages such as cost savings, as outsourcing manufacturing and supply chain management allows OEMs to focus on core competencies and reduce operational expenses. Additionally, EMS and ODM providers offer flexibility and scalability in production, enabling OEMs to quickly adapt to changing market demands. Moreover, access to specialized expertise and advanced manufacturing capabilities provided by EMS and ODM providers further drives market growth. However, the EMS and ODM market also faces certain challenges.
One of the key challenges is the intense competition among market players. The market is highly fragmented, with numerous local and global providers vying for contracts from OEMs. This competition puts pressure on pricing and margins for EMS and ODM providers. Additionally, maintaining high-quality standards and ensuring timely delivery of products can be challenging, especially when dealing with complex and rapidly evolving technologies. Another challenge is the constant need for technological innovation and upgrading manufacturing capabilities. EMS and ODM providers must continually invest in research and development to stay at the forefront of technology trends. They need to upgrade their facilities, adopt advanced manufacturing processes, and enhance their engineering capabilities to meet the evolving requirements of OEMs.
Furthermore, geopolitical factors, trade tensions, and supply chain disruptions can impact the EMS and ODM market. Changes in government regulations, import/export restrictions, and fluctuations in currency exchange rates can introduce uncertainties and affect the market dynamics. Despite these challenges, the global EMS and ODM market is expected to continue its growth trajectory. The increasing demand for consumer electronics, the rise of IoT and 5G technologies, and the advantages offered by EMS and ODM providers in terms of cost efficiency and scalability are likely to drive market expansion. To thrive in this competitive landscape, EMS and ODM providers need to focus on innovation, operational excellence, and strong customer relationships to meet the evolving needs of OEMs and maintain a competitive edge.
Global Market Size
USD 498.90 Billion
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Global EMS and ODM Market is segmented on the basis of type, end-user, and region. By type, the market is segmented into EMSand ODM. By end user, the market is segmented into hospitals and trauma centres, ambulatory surgical centres, and other end users. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
EMS providers have traditionally held a significant share of the market. They have established strong manufacturing capabilities, global supply chain networks, and expertise in efficient production processes. Many EMS providers have extensive experience and resources, making them the dominant players in the market.
However, the ODM segment has been experiencing faster growth in recent years. ODM providers are increasingly being sought after by OEMs for their ability to offer end-to-end product development solutions. The growing demand for customized and differentiated products, coupled with the need for faster time-to-market, has fueled the growth of ODM providers. They offer OEMs the advantage of reduced product development cycles, access to specialized expertise, and the ability to leverage existing design and manufacturing capabilities.
Analysis By End User
Hospitals and Trauma Centers are critical healthcare facilities that require a wide range of electronic devices and equipment to provide essential medical services. The demand for advanced medical devices, patient monitoring systems, diagnostic equipment, and surgical instruments is consistently high in these settings. As a result, EMS and ODM providers serving this segment often have established partnerships and expertise in meeting the specific requirements and regulatory standards of the healthcare industry.
In terms of the fastest-growing segment, the Ambulatory Surgical Centers (ASCs) segment have witnessed significant growth in recent years. ASCs offer same-day surgical procedures and are becoming increasingly popular due to their cost-effectiveness, convenience, and focus on efficient healthcare delivery. EMS and ODM providers serving ASCs cater to the specific electronic equipment needs for surgical procedures performed in these centers. The growing demand for ASCs and the need for advanced electronic devices in these settings contribute to the fast-paced growth of this segment within the EMS and ODM market.
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North America has traditionally been a dominant region in the EMS and ODM market. The presence of established technology companies, a robust manufacturing infrastructure, and a focus on innovation drive the market in this region. The United States, in particular, is home to many leading EMS and ODM providers, contributing to the region's dominance. Additionally, North America benefits from strong demand in sectors such as healthcare, aerospace, defense, automotive, and consumer electronics.
Asia Pacific is a rapidly growing region in the EMS and ODM market. It is driven by factors such as a vast consumer base, rising disposable income, increasing industrialization, and the presence of key electronics manufacturing hubs. Countries like China, Taiwan, South Korea, and Japan have a significant share in the global EMS and ODM market. The region's dominance is attributed to its cost-effective manufacturing capabilities, technological advancements, and a supportive ecosystem for electronics manufacturing and design.
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Increasing Demand for Electronics
Outsourcing and Cost Optimization
Supply Chain Disruptions
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The global EMS (Electronics Manufacturing Services) and ODM (Original Design Manufacturing) market is highly competitive, characterized by the presence of numerous players offering a wide range of services. The competitive landscape is shaped by factors such as technological advancements, customer relationships, industry expertise, and operational capabilities. Key players in the market strive to differentiate themselves through innovation, cost optimization, and the ability to meet customer requirements efficiently. They focus on expanding their global footprint, enhancing their manufacturing capabilities, and forming strategic partnerships to gain a competitive edge. Collaboration with technology companies, component suppliers, and end-user industries is also a common strategy among EMS and ODM providers to stay ahead in the market. Overall, the competitive landscape of the global EMS and ODM market is dynamic and driven by the ability to deliver high-quality services, provide cost-effective solutions, and adapt to evolving industry trends and customer demands.
Top Player’s Company Profile
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According to our global EMS (Electronics Manufacturing Services) and ODM (Original Design Manufacturing) market analysis, the increasing outsourcing trends, the rise of IoT and connected devices, customization demands, and a focus on sustainability are the key growth drivers. However, it also faces challenges related to supply chain disruptions, evolving regulations, and competitive pressures. In terms of regional analysis, North America emerges as the dominant region in the global EMS and ODM market. This dominance is attributed to the region's advanced technological capabilities, established manufacturing infrastructure, and the presence of major electronics manufacturers and technology companies.
North America benefits from a strong focus on innovation, particularly in sectors such as automotive, aerospace, and healthcare. Asia Pacific, on the other hand, is the fastest-growing region in the global EMS and ODM market. Countries such as China, Taiwan, South Korea, and Japan have become prominent manufacturing hubs for electronic devices. The region offers advantages such as lower labour costs, a robust supply chain network, and a favourable business environment. Asia Pacific experiences rapid growth due to increasing consumer demand for electronic products and the adoption of emerging technologies in sectors like automotive, healthcare, and consumer electronics.
|Market size value in 2021||USD 498.90 Billion|
|Market size value in 2030||USD 1050.02 Billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global EMS and ODM Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global EMS and ODM Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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