Electronic manufacturing industry is becoming more and more Asia-centric with not just the ODM but also some of the traditional segments of the EMS being driven by this region. While China and Taiwan still dominates the ODM segment, other Asian countries are coming up in a big way to affect market scenarios in the EMS sector.
Electronic manufacturing services are highly fragmented. There are more than ten thousand companies providing full time and contract electronic manufacturing services. However, it has been seen that the top players are consolidating the market through acquisitions. Though EMS companies are located all over the world, they vary a lot in their compliance to regulatory requirements and quality standards. Moreover, the production capabilities of these companies differ extensively.
There is intense competition in the global market with companies stressing on innovation. As EMS is a mature industry, innovations are essential for its growth. Understanding the requirements of the customer and the market scenario is indispensable for innovations to take place in this sector.
The companies, in order to capture the market, are also broadening the arena of services that they provide. They are providing services to varied sectors which were once outside the sphere of influence, like medical, retail, defense and aerospace.
Original Equipment Manufacturers (OEMs) are increasingly becoming dependent on EMS for their services. This trend has been affecting the electronic manufacturing services positively. Customized services and value added services are also becoming increasingly popular these days.
Out sourcing is an indispensible component of electronic manufacture. Electronic manufacturing services are now outsourced not only because it reduces financial constraints but also because it is considered to enhance the performance of asset base.
The highest selling market is still Asia Pacific and would continue to retain its position in the near foreseen feature.
These are some of the trends that have been visible in this sector. Though the industry has matured in time, taking these trends into cognizance, numerous possibilities are said to exist for the future growth of electronic manufacturing services.
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