The Europe Electronic Manufacturing Services (EMS) Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030).
Consumer electronics comprises an extensive range of products, including but not limited to smart household devices, entertainment systems, and smartphones and laptops. EMS providers are instrumental in the efficient and cost-effective production of these devices. Rapid product lifecycles and evolving consumer preferences characterize the consumer electronics sector. EMS services enable manufacturers to adapt to these changes swiftly, offering flexibility in production volumes and customization to meet market demands.
Moreover, in the aerospace and defense industry, where reliability and precision are paramount, EMS providers contribute to manufacturing avionics, navigation systems, communication equipment, and defense electronics. The stringent quality standards and certifications required in this sector make EMS expertise crucial. The application of EMS services in aerospace and defense extends to satellite technology, radar systems, and mission-critical electronic components, where precision engineering and adherence to strict specifications are non-negotiable.
As per the International Trade Administration data, in 2022, UK civil aerospace turnover totaled approximately $34.5 billion. The UK aerospace industry is the crown jewel for UK exports, and even though the UK does not produce large civil aircraft, 70% of domestic aerospace production is exported. In 2022, the UK defense industry turnover totaled approximately $29 billion, $15 billion of which was exported. In 2021, the UK space industry turnover totaled approximately $22 billion, $9.5 billion of which was exported. Thus, the rising aerospace sector in Europe will lead to increased demand for these services in the region.
The Germany market dominated the Europe 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 $46,879.4 million by 2030. The UK market is exhibiting a CAGR of 5.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.5% during (2023 - 2030).
Free Valuable Insights: The Global Electronic Manufacturing Services (EMS) Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Service
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