NEVADA CITY, CA – The worldwide electronics assembly market consisted of approximately $1.45 trillion in terms of cost of goods sold (COGS) as of 2021, a new report says.

The OEM market has nearly recovered from the disruption of Covid-19, with revenue growing 2.9% in 2021, while contract manufacturing services companies saw sales rise nearly 15%, says New Venture Research (NVR), which prepared the report. The firm based its research on nearly 390 OEMs.

Forecasts through 2026 are expected to be strong for smartphones, automotive self-driving/guidance, large-screen digital TVs, and medical diagnostic and monitoring technology.

Table 1 summarizes electronics assembly production value, both outsourced and performed in-house, during 2021 by market segment. The same data is available by region (Americas, EMEA, and APAC), and by OEM company.

Worldwide Market Summary for Electronics Assembly (EMS and In-House) - 2021 ($M)

Company            EMS Total       %     In-House     %       Total 

Automotive            22,848        26%   64,885      74%      87,733             

Communications   236,980      41%    335,261    59%    572,241 

Computer              197,924       55%    163,024    45%    360,948 

Consumer               137,830      73%     51,089      27%    188,919 

Industrial                 44,427        36%      84,763      69%    122,265 

Medical                  25,347        50%       24,956     50%       50,303 

Aerospace/

Other Transportation 17,331    26%       50,176      74%     67,507 

Total                       682,687      47%      774,154      53%    1,449,916 

The report "The Worldwide OEM Manufacturing Assembly Market – 2022 Edition," is available from NVR (www.newventureresearch.com).

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