Electronics Manufacturing Services (EMS) Market Size Worth $650bn by 2024: Top Key Player Are Benchmark Electronics, Celestica, Foxconn, Jabil, Plexus Corp. and Sanmina
Electronic Manufacturing Services (EMS) Market is projected to surpass USD 650 billion by 2024. The industry is expected to witness a significant growth due to the growing need of manufacturers to reduce the Time-To-Market (TTM). Reducing TTM, particularly for new products, allows OEMs to reach the customers faster than their competitors, enhancing their share in the industry. For the new products, the reduced time-to-market allows OEMs to gain advantages such as premium pricing, driving the EMS market growth.
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