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Current EMS Market Development in China

EMS industry demand mainly comes from the market of downstream electronic products. The upgrading of electronic products and the pace of technological innovation continue to accelerate, new subdivided electronic products continue to emerge, EMS main applications include mobile phones, computers, wearable, automotive electronics, etc. With the industrial transfer, the Asia-Pacific region represented by China currently accounts for about 71% of the global market share.

In recent years, the steady development of China’s electronics manufacturing has boosted the market for electronics manufacturing services. Since 2015, China’s total sales of electronic products have surpassed those of the United States, becoming the world’s largest electronic product manufacturing market. Between 2016 and 2021, the total sales of China’s electronics manufacturing market grew from $438.8 billion to $535.2 billion, with a compound annual growth rate of 4.1%. In the future, with the further popularization of electronic products, the total sales of China’s electronic products manufacturing market is expected to reach $627.7 billion by 2026, with a compound annual growth rate of 3.2% between 2021 and 2026.

In 2021, the total sales of China’s EMS market reached about 1.8 trillion yuan, with a compound annual growth rate of 8.2% between 2016 and 2021. The market size is expected to maintain steady growth in the next few years, reaching about 2.5 trillion yuan in 2026, with a compound annual growth rate of 6.8% between 2021 and 2026. This is mainly attributed to the strong domestic demand, productivity improvements brought about by advances in manufacturing technology, and the promotion of various favorable policies such as “Made in China 2025″. In addition, EMS companies will provide more value-added services in the future, such as logistics services, advertising services, and e-commerce services, which will further improve convenience and expand distribution channels for brand owners of electronic products. Therefore, China’s EMS market is expected to continuously grow in the future.

The future trend of China’s EMS development will be reflected in the following aspects: industrial cluster effect; Closer cooperation with brands; Application of intelligent manufacturing technology.

Post time: Jun-13-2023