Boundless Range of Services Offered by Top Electronics Manufacturing Services (EMS) Companies is Topping the Competitive Landscape of the Market

Electronics Manufacturing Services (EMS) refers to the services offered by companies that design, produce, test, supply, and offer repair & maintenance services for various electronic components. Top Electronic Manufacturing Services (EMS) companies heavily focus on offering different functionalities, such as testing, sub-assembly production, designing Printed Circuit Boards (PCBs), and part assembly & re-engineering.

The demand for Electronics Manufacturing Services (EMS) is predicted to grow at a commendable pace in the coming years due to the growing adoption of advanced electronic products by different industries, such as industrial, healthcare, and automotive.

Fortune Business Insights has stated in its report that the market for Electronics Manufacturing Services (EMS) is predicted to reach a valuation of USD 1017.85 billion by 2032, recording a CAGR of 7.4% during the forecast period of 2024-2032. The market reached a valuation of USD 538.24 billion in 2023 and USD 573.75 billion in 2024.

The Following Is a List Of The Top 10 Leading Companies Of Electronics Manufacturing Services (EMS):

1) Benchmark Electronics Inc.

Benchmark Electronics Inc. is a leading company offering Electronic Manufacturing Services (EMS) and Original Equipment Manufacturer (OEM) services. The company was founded in 1979 and is headquartered in Arizona, U.S. Benchmark offers contract manufacturing solutions.

March 2023: Benchmark announced its plans to invest around USD 20 million and employ up to 100 people to support the new manufacturing plant in the U.S. The 64,000 sq. ft. facility will focus on growing the country’s semiconductor industry.

March 2021: Geophysical Technologies Inc. (GTI) announced its partnership with Benchmark Electronics to produce its next-generation seismic sensor technology on a large scale.

2) Celestica Inc.

Celestica Inc. is a multinational company that offers innovative Electronics Manufacturing Services (EMS) and has its operations in 50 sites in 15 countries across the world. The firm is headquartered in Toronto, Canada and was incorporated in 1994 as a subsidiary of IBM Corporation.

October 2023: Celestica introduced its DS5000 high-performance 800GbE switch that offers speed and agility for enterprise-class access deployments and data centers.

November 2021: Celestica announced the acquisition of PCI Private Ltd., a Singaporean EMS provider, to fortify its geographical presence across Asia.

3) Compal Electronics Inc.

Compal Electronics Inc. is an Original Design Manufacturer (ODM) that handles the manufacturing of monitors, notebook computers, tablets, and televisions for clients, such as Alphabet Inc., Apple Inc., Lenovo, Acer, and Dell. It was founded in 1984 and has its headquarters in Taipei, Taiwan.

February 2022: Compal, Inc. conducted a board meeting in which it announced its decision to purchase around 65% of the outstanding shares of Poindus Systems Corp. This move is expected to increase Compal’s IPC business.

February 2022: Compal, Inc. received a total of 18 prestigious awards, which includes the coveted iF Gold Award for the third year in a row, bringing the company’s total tally of design awards to 85.

4) Fabrinet

Fabrinet is a U.S.-based company that provides a wide range of outsourced process engineering and production services. The firm contracts to produce automotive, optical communications, industrial & imaging parts, modules, and sub-assemblies for its OEM customers.

October 2022: DZS announced its partnership with Fabrinet to make use of the latter’s innovative optical packaging & precision optical and electro-mechanical & electronic manufacturing services.

August 2023: Nokia announced its collaboration with Fabrinet to increase its broadband optical gear production under the BEAD program in the U.S.

5) Flex Ltd.

Flex Ltd. is a multinational diversified manufacturing firm based in California, U.S. It is the third largest global EMS and ODM company on the basis of revenue. The company has its production operations in more than 30 countries and has 172,000 employees.

February 2022: Flex announced the inauguration of its new learning facility in Jalisco, Mexico. The new learning center will train over 2,000 people every year to enhance their advanced manufacturing skills.

April 2019: Google Cloud partnered with tech platform Innit and IoT designer and builder Flex to enhance the smart kitchen space by launching more connected refrigerators, ovens, and other cooking gadgets for consumers.

6) Hon Hai Precision Industry Co. Ltd.

Hon Hai Precision Industry Co. Ltd., trading as Foxconn globally, is a multinational electronics contract manufacturer which was formed in 1974 in New Taipei, Taiwan. With its ranking of 20^th position in the Fortune Global 500 list of companies in 2023 it makes it one of the top electronic manufacturing services companies. Some of the popular products produced by Foxconn include the iPad, iPhone, Blackberry, Kindle, and all Nintendo gaming systems.

September 2023: Blue Solutions announced its partnership with Hon Hai Technology Group to come together to produce a solid-state battery ecosystem for the electric two-wheeler industry.

July 2023: ZF Friedrichshafen AG collaborated with Hon Hai Technology Group to create passenger car chassis systems. Through this collaboration, both the firms aim to make use of each other’s capabilities and increase their product range of Internal Combustion Engine (ICE) for electric vehicles.

7) Jabil Inc.

Jabil is an international manufacturing firm that specializes in the design, engineering, and production of electronic circuit board systems and assemblies, and offers supply chain services that primarily cater to OEMs. The company was founded in 1966 and has its headquarters in Florida, U.S.

March 2023: Jabil Photonics, which is a subsidiary of Jabil Inc. announced plans to increase its production, design, and testing capabilities in the new Active Optical Cable (AOC) family. This system offers technological innovations, such as Machine Learning (ML), Artificial Intelligence (AI), and High Performance Computing (HPC) applications.

February 2021: Jabil Inc. increased its healthcare production operations in the Caribbean. Jabil Healthcare, a division based in Dominican Republic, is offering expertise in manufacturing and supply chain solutions as well as engineering and designing capabilities to create innovative solutions for medical devices.

8) Plexus Corp.

Plexus Corp. is one of the top Electronic Manufacturing Services (EMS) companies in the market as it offers product design, materials, management, supply chain, testing, and aftermarket solutions to reputed brands.

August 2022: Plexus Corp established a new manufacturing plant in Bangkok, Thailand. The company invested nearly USD 60 million to build the facility, which is of 400,000 square feet. The new facility was built to help the company enhance its electronic manufacturing services for various end users.

March 2021: Plexus Corp. constructed a 400,000 square feet production plant with manufacturing and warehouse space of 2-levels and office space of 4-levels in Bangkok, Thailand. This move will help the company fulfill its future growth targets in Asia Pacific.

9) Sanmina Corporation

Sanmina Corporation is a leading provider of EMS solutions and caters to the requirements of OEMs and computer hardware manufacturers. It has its headquarters in California, U.S. and has around 80 production sites.

October 2022: Sanmina Corporation revealed that it had inked a joint venture deal with Reliance Industries Limited. The joint venture will help the companies develop a world-class electronic manufacturing hub in India. Also, the agreement helped provide electronic manufacturing services to the industrial, aerospace & defense, and healthcare sectors.

March 2020: Sanmina Corporation revealed that it had expanded its operation facility in Thailand to cater to the growing demand for technologically advanced products used in data center, 5G, networking, and the automotive and aerospace & defense industries.

10) Wistron Corporation

Winstron Corporation is a leading technology service provider that offers cutting-edge ICT services, products, and systems to top brands in the ICT industry. It also uses cloud technologies to integrate software and hardware products to offer technological service solutions and platforms.

August 2021: Wistron Corp announced its strategic partnership with Optiemus to produce products, such as smartphones and laptops. This move is expected to help the company promote electronics manufacturing in India.

October 2023: Tata Group revealed that it had purchased 100% indirect stake at Wistron’s iPhone manufacturing plant in India.

What Is The Future Of The Electronics Manufacturing Services (EMS) Industry?

The Electronics Manufacturing Services industry is expected to display notable growth in the coming years due to the growing production of consumer electronics across the globe. Emergence of developing countries, such as India and China as the critical electronics manufacturing hubs is one of the key factors that will boost the demand for EMS.