BANNOCKBURN, IL -- The North American electronics manufacturing services (EMS) industry has an $81 billion served available market with great potential for further growth, according to IPC's annual report on the sector, published last week.

An analysis of the market indicates that the North American EMS industry has penetrated only about 28% of the total available market based on what OEMs in the region could outsource. Forecasts contributed by New Venture Research predict steady growth for the EMS industry through 2022, both globally and in North America.

The total available North American electronics assembly market in 2017 was $294 billion, of which $213 billion was performed in-house at OEMs, according to the research.

The rate of sales growth for the participants in IPC’s North American EMS Statistical Program has increased every year since 2014, reaching 10.5% year-over-year in 2017. EMS order backlogs as percentages of sales have also grown steadily over the past five years. The largest vertical market for the program participants in 2017 was industrial electronics, which captured 37% of their aggregate sales.

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