The North America Electronic Manufacturing Services (EMS) Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
EMS providers contribute significantly to producing medical devices and equipment in the healthcare industry. This includes diagnostic devices, patient monitoring systems, imaging equipment, and wearable healthcare technology. The precision and reliability required in healthcare electronics make EMS services crucial in ensuring compliance with regulatory standards. As the healthcare sector embraces digital transformation, EMS providers play a pivotal role in developing connected and IoT-enabled medical devices, enhancing patient care and treatment outcomes.
Furthermore, the telecommunications industry relies heavily on EMS to produce networking equipment, communication devices, and infrastructure components. From manufacturing printed circuit boards (PCBs) to assembling complex telecommunications systems, EMS providers enable the rapid development and deployment of cutting-edge communication technologies. As 5G networks roll out, EMS plays a central role in manufacturing the components that power the increased connectivity and data transfer speeds demanded by modern telecommunications systems.
Mexico is now a significant participant in the international automotive sector. The country has attracted significant investments from both domestic and international automotive manufacturers. As per the data published in 2023 by the International Trade Administration, with an annual revenue of USD 107 billion, Mexico is the largest export market for U.S. automotive parts and the fourth-largest producer globally. Moreover, Canada has a diverse and robust manufacturing sector spans various industries, including automotive, aerospace, telecommunications, healthcare, and industrial equipment. According to the data provided by the Government of Canada, manufacturing revenues reached $7.7 billion of total $8.3 billion in 2020. Hence, growing automotive and manufacturing industries in North America will lead to increased demand for these services.
The US market dominated the North America 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 $152,015.5 million by 2030. The Canada market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.3% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Service
By Industry
By Country
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