DUBLIN -- The total electronics assembly value was $1.4 trillion in 2016 and will grow to approximately $1.7 trillion in 2021, says a new report.
Fueled by the demand for EMS services, the contract manufacturing industry will grow from $425 billion in 2016 to $551 billion in 2021, a 5.3% CAGR, says the report's author, Research and Markets.
The EMS industry declined approximately 1.1% in 2016 as a result of the slowing of sales for PCs (desktop, notebook and ultra), the firm adds.
The worldwide electronics manufacturing services (EMS) market accounts for almost 40% of all assembly. While the rate of growth for outsourcing has slowed, it still represents the most desired manufacturing model for the assembly of advanced electronics products available to OEMs.