NEVADA CITY, CA – In 2020, sales at the top 50 EMS companies worldwide accounted for $384 billion in revenue, up 4.6% year-over-year, largely as a result of the top 10 EMS firms dominating industry growth.

The top 10 included Foxconn, Pegatron, Wistron, Jabil, Flex, BYD Electronics, USI, Sanmina, New Kinpo Group, and Celestica.

Growth rates ranged from a drop of 22.1% (Asteelflash) to an increase of 31.1% (Katek SE). Foxconn alone reportedly achieved revenue growth of 5.2% from 2019 to 2020 and accounted for well over half of top 10 revenue.

The APAC region accounted for around 81.9% of top 50 EMS revenue, with the Americas representing 16.2% of revenue and EMEA 1.9%. The APAC region achieved the highest growth of 6%, while the Americas saw a 0.2% decline, and EMEA experienced a decrease of 3.4%.

The APAC region was the main beneficiary of communications and computer replacement and upgrades that took place in 2020. The medical equipment market expanded strongly for all three regions, as did automotive in the EV market.

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