NEVADA CITY, CA – The top 50 EMS companies worldwide surpassed $344 billion in revenue in 2019, up 0.4% year-over-year, according to Manufacturing Market Insider (MMI).

The increase was a result of the bottom 40 EMS firms dominating growth. The top 10 EMS companies, including Foxconn, Pegatron, Jabil, Flex, Wistron, Sanmina, New Kinpo, BYD, Celestica, and USI, had growth rates ranging from -0.7% (Wistron) to 14.2% (Jabil).

Foxconn achieved revenue growth of an estimated 0.9% from 2018 to 2019 in terms of Taiwan dollars, but because of its depreciating currency, revenue growth in terms of US dollars decreased 1.6%.

Overall, the APAC region accounted for around 90.2% of the top 50 EMS revenue, with the Americas representing 7.4% of revenue and EMEA 2.3%. In contrast, during the 1990s, the Americas accounted for over 50% of all production, with EMEA assembling an estimated 30% and APAC serving around 20% of total production.

MMI largely tabulates its ranking information through an annual survey of over 100 of the largest EMS companies worldwide.