The Asia Pacific Electronic Manufacturing Services (EMS) Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
EMS services are widely employed in the industrial sector to produce control systems, automation equipment, and industrial IoT devices. As industries embrace Industry 4.0 and smart manufacturing, EMS providers contribute to integrating sensors, controllers, and communication modules that enable seamless connectivity and data exchange within industrial processes. This facilitates improved efficiency, predictive maintenance, and real-time monitoring of production facilities.
Moreover, EMS providers are indispensable in producing power electronics, renewable energy systems, and smart grid components in the energy sector. EMS services support the development of sustainable energy solutions from inverters and converters to energy storage systems. The integration of EMS in this sector contributes to advancements in power efficiency, grid stability, and the overall transition towards cleaner and more efficient energy sources.
As per the data from the International Trade Administration, with demand for semiconductors projected to exceed $110 billion by 2030 and $80 billion by 2026, India is well-positioned to become a global leader in the industry. India's electronics and semiconductors sector is presently undergoing significant growth, with a projected annual increase of 25% until 2028. Additionally, the rising telecom sector in China has significantly expanded the role and influence of these service providers. As per the State Council data, the combined business revenue of firms in the telecom sector totaled 1.55 trillion yuan (about 218 billion U.S. dollars) in the January-November period, rising 6.9 percent year on year. Therefore, increasing electronics and telecom sectors in Asia Pacific will help in the growth of the regional market.
The China market dominated the Asia Pacific Electronic Manufacturing Services (EMS) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $88,181.6 million by 2030. The Japan market is registering a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 8% during (2023 - 2030).
Free Valuable Insights: The Global Electronic Manufacturing Services (EMS) Market is Predict to reach $796.3 Billion by 2030, at a CAGR of 7.1%
Based on Service, the market is segmented into Electronics Manufacturing, Engineering Services, Test & Development Implementation, Logistics Services, and Others. Based on Industry, the market is segmented into Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace & Defense, Healthcare, IT & Telecom, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Service
By Industry
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