NEVADA CITY, CA – Revenue at the 50 largest electronics manufacturing services companies grew 12.7% in 2024, totaling $477 billion and reversing a historic 2023 downturn, a new report says.

Revenue among the top 10 EMS firms made up 87.6% of sales of the top 50, down from 88.7% the prior year, added Manufacturing Market Insider. The remaining 40 companies saw slower gains, growing 3.5%.

Top-tier suppliers including Foxconn, BYD Electronics and Celestica led the growth, while others such as Pegatron, Wistron and Jabil posted double-digit declines. Mid-tier firms like DBG, Dixon Technologies, Fabrinet and Cyient filled the gap, driving industry recovery.

The Asia-Pacific region dominated with 74.7% of the revenue, while the Americas posted 20.4% growth and EMEA reached 2.5%, the latter buoyed by acquisition activity.

The minimum revenue to make the Top 50 list was $521 million, up $87 million from 2023.

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