Global EMS and ODM Market Size – USD 574.10 Billion in 2020, Market Growth - CAGR of 4.26%, Market Trends – Surge in shipments of mobile phone vendors such as Apple, Xiaomi
Low labor inputs, transaction links, proximity to markets, growing saturation in PC outsourcing, growing impetus in notebook PC manufacturing, a more diverse product mix and end markets are key factors contributing to high CAGR of Global Global EMS and ODM Market during forecast period.
Market Size – USD 574.10 Billion in 2020, Market Growth - CAGR of 4.26%, Market Trends – Surge in shipments of mobile phone vendors such as Apple, Xiaomi
According to the current analysis of Reports and Data, the global Global EMS and ODM market were valued at USD 574.10 Billion in 2020 and is expected to reach USD 800.19 Billion by year 2028, at a CAGR of 4.26 %. The study covers the in-depth analysis of ODM (Original Design manufacturer) and EMS (Electronic Manufacturing services) and the challenges faced by them. An original design manufacturer (ODM) is a company which designs and manufactures products according to the specifications given by other firm who ultimately brands it for sale. The ODMs are in charge of research and development and has the capability to sell the product on their own, to other buyers or even as a “White label” (product sold under several names). For instance, consumer electronics such as chargers and mobile cases are examples for ODM-created products. In the recent years, ODMs have rapidly grown and most of them can handle production for multiple clients adequately, often providing a large chunk of overall production. On the other hand, EMS (Electronic manufacturing services) are contract manufacturers which create an electronic component, right from the beginning (design) to manufacturing, testing, distribution of the final approved product.
It is further responsible for repairing the products they created for OEMs (Original Equipment Manufacturer- a company which designs and manufactures electronic products according to buyer’s specifications). Apart from the manufacturing related services, the EMS provider (also known as electronic contract manufacturing) also offers support in services such as shipping management, procurement assistance for obtaining additional components and providing customer services for the products they have created. Proximity to markets, low labor inputs, growing saturation in PC outsourcing, growing impetus in notebook PC manufacturing, a more diverse product mix and end markets are some of the key factors propelling the market growth in the industry. However associated challenges for the ODMs and EMS such as non- commoditized market which primarily focus on technical aspects, uncertain demand, complex global supply chain, sustainability of the product are major hindrance for market growth during the years 2019-2028.
Key participants in the study include Hon Hai industry, Pegatron, Flex, Wistron, Sanmina, Pegatron,Quanta Computer ,Compal Electronics, Inventec.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/ems-and-odm-market
For the purpose of this report, Reports and Data has segmented the global Global EMS and ODM market on the basis of manufacturers, application and region:
Manufacturers (Revenue, USD Million; 2020–2028)
Applications (Revenue, USD Million; 2020–2028
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Regional Outlook (Revenue in USD Million; 2020–2028)
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