Owing to the surging demand for consumer electronics, measurable
devices, industrial automation, and medical devices, electronic
manufacturing services (EMS) market has been observing a considerable
growth momentum lately. EMS market players have been witnessing rapid
product demand that has been encouraging them to implement revenue
generating business strategies. In fact, within the last few years,
numerous companies have invested vigorously to acquire rival production
facilities, to expand regional facility centers and improve
serviceability. The continuously expanding electronic manufacturing
industry across the globe in line with the rapid digitalization is
poised to impel the electronic manufacturing services (EMS) industry size.
Recently, renowned electronic
manufacturing services provider, SMTC Corporation completed a USD 5
million investment in terms of equipment and facility expansion across
North America. Further, the company also announced that it has received
an advance order of USD 15 million from the new customers. SMTC has thus
successfully upgraded its capacity and has improved its product quality
by doubling the box-build manufacturing capacity. SMTC’s smart tactic
of retaining focus on the customers’ requirement for strengthening its
position in the EMS industry has thus helped it to emerge as a leader as
far as flexibility and manufacturing excellence are concerned.
Of late, issues related to the material
supply have been threatening the companies in the electronic
manufacturing services industry. In this regard, to ensure the
continuous accuracy for material allocation, completion of planned
worked orders, spoilage, and accountability of the end product, most of
the electronic manufacturing services industry companies have been
deploying new software technologies at their workplaces. The integration
of automation and smart technologies are proving to be rather
beneficial for these firms.
Indeed, the shifting focus of the
companies toward the adoption of smart manufacturing practices has been
helping them meet their customers’ requirements and expectations, that
have been registering a pinnacle of change lately. Recently, in order to
deal with the material supply issue, EMS provider based in Italy,
Elettronica GF decided to deploy Aegis Software’s digital MES
(manufacturing execution software) platform. With the deployment of this
digital platform, Elettronica GF will significantly promote accurate
and fast material procurement for flexible manufacturing. The surging
use of intelligent and software interfaces to support decision making at
the company is thus poised to propel electronic manufacturing services
(EMS) market share.
Taking into account the fast-moving growth
pace of the overall electronics industry, players in the electronic
manufacturing services market have been looking forward to acquiring the
facility centers of their rivals. The implementation of such tactics
has been helping them achieve an ambitious market position.
Validating the aforementioned fact,
recently, Denmark’s largest electronic manufacturing service company,
GPV, acquired the Swiss-based EMS company CSS. This acquisition has
helped the Danish company to expand its presence across North American,
European, and Asian continents. In addition, GPV is aiming to strengthen
its customer base by improving its product set-up and delivering small
and medium-sized series. The tremendous potential of EMS providers to
deliver high-end services to their customers will thus have an extensive
influence on the electronic manufacturing services industry growth over
the years ahead.
Speaking along the same line, Kimball
Electronics, Inc., in a bid to harness EMS for multifaceted
manufacturing solutions has purchased all the assets and liabilities of
Global Equipment Services and Manufacturing, Inc. and its subsidiaries.
This acquisition will open up new business opportunities for Kimball
Electronics, Inc. owing to the widespread technology portfolio of GES in
automation, test, and measurement. Additionally, for achieving the
global success in electronic manufacturing services market, Kimball is
planning to implement a new platform strategy as well, over the years
ahead.
The steady demand for EMS across numerous
industrial sectors will thus considerably encourage electronic
manufacturing services market players to improve their product sales in
the future. The development of adequate software solutions and enhanced
abilities of EMS companies to expand their product offerings will also
help major companies gain competitive benefits. Aided essentially by
rapid technological transformations, electronic manufacturing services
(EMS) market will surpass revenue collection of USD 650 billion by the
end of 2024.
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