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Electronics Manufacturing Services Market to Grow by USD 164.6 Billion from 2024-2028, Expansion in Low-Wage Economies Fuels Growth, Report on AI’s Role in Market Transformation- Technavio

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NEW YORK, Aug. 26, 2024 /PRNewswire/ — The global electronics manufacturing service market size is estimated to grow by USD 164.6 billionn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.21%  during the forecast period. Increasing number of electronics manufacturing services providers in economies with low hourly wages is driving market growth, with a trend towards collaborative co-innovation partnership with electronics manufacturing services providers. However, risk of intellectual property theft and misuse  poses a challenge. Key market players include Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data IO Corp., Elbit Systems Ltd., ESCATEC Sdn. Bhd., First International Computer Inc., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Integrated Micro Electronics Inc., Jabil Inc., Key Tronic Corp., Kimball Electronics Inc., Kitron ASA, Neo Tech Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Electronics Manufacturing Service Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.21%

Market growth 2024-2028

USD 164.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.75

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 55%

Key countries

China, US, Taiwan, Japan, and Germany

Key companies profiled

Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data IO Corp., Elbit Systems Ltd., ESCATEC Sdn. Bhd., First International Computer Inc., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Integrated Micro Electronics Inc., Jabil Inc., Key Tronic Corp., Kimball Electronics Inc., Kitron ASA, Neo Tech Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd.

Market Driver

Electronics Manufacturing Services (EMS) outsourcing partnerships require a collaborative approach, with both customer organizations and service providers sharing risks and creating value through joint functioning. Co-innovation is a key aspect of these relationships, enabling the exchange of knowledge to develop new solutions and products. Despite the increasing challenges and risks in EMS adoption, successful outsourcing relationships continue. EMS providers function as integrated strategic partners, with customer companies investing in their offshore operations and monitoring for optimal quality. Apple, for example, outsources electronics manufacturing to Chinese providers, leveraging their expertise while maintaining quality control. Airtel, an Indian telecom company, collaborates extensively with IBM, Ericsson, Nokia, and Siemens, under shared risk and reward contracts. These collaborations and co-innovations are expected to foster a favorable market ecosystem, driving growth in the EMS market. 

The Electronics Manufacturing Services (EMS) market is experiencing significant trends in various industries. In healthcare, there’s a growing demand for advanced medical equipment. Automotive sector sees a surge in sub-assembly manufacturing, testing, and component assembly for electric vehicles. Industrial output is boosted by the adoption of new technologies like virtual reality, 3D printing, and structural electronics. The coronavirus pandemic has disrupted the electronics supply chain, highlighting the need for cybersecurity and resilience. Capacitors, connectors, LCD panels, and other components are in high demand. EMS providers offer engineering services and logistics to OEMs in Consumer Electronics, Aerospace & Defense, IT and Telecom, IoT, and 3D technologies. E-waste recycling and Greener Electronic Devices are crucial for a circular economy and Zero-waste nation. Global E-waste Monitor 2020 reports an increase in e-waste generation. New technologies like 5G, AI, and IoT-enabled cars drive productivity levels. Urban and population growth fuel demand for smart home products, smartphones, televisions, and more. EMS providers play a key role in the electronics industry, from manufacturing electronic equipment to providing engineering services and logistics. They help OEMs navigate the complexities of the industry, ensuring high-quality products and on-time delivery. The future of EMS lies in the adoption of new technologies, structural electronics, and the circular economy. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The electronics manufacturing services market faces a significant challenge in the form of intellectual property (IP) theft. Many electronics businesses keep their manufacturing designs confidential and have strict policies against outsourcing manufacturing to EMS providers due to IP concerns. Despite thorough documentation before contract award, customers remain apprehensive about potential IP technology and design leakage, data theft, and misuse at EMS providers. Laws and contracts aim to prevent such breaches, but proving a violation is challenging due to differences in IP protection laws between home countries and service providers’ locations. Techniques used for IPR infringement include forced technology transfer, corporate espionage, and direct data theft through hacking. The continuous evolution of technologies and cyberattacks, as well as the increasing use of cloud technology by EMS providers, make it difficult to completely eliminate the risk of unauthorized access to confidential data. This concern limits the adoption of electronics manufacturing services in certain industries, such as military and defense, thereby impeding market growth.The electronics manufacturing industry faces several challenges as new technologies like IoT, 3D technologies, and structural electronics gain popularity. E-waste recycling and producing greener electronic devices are becoming essential for businesses to address sustainability concerns. The Global E-waste Monitor 2020 reports an increasing amount of e-waste from consumer electronics, aerospace & defense, IT and telecom, and urban growth. EMS providers must adapt to these trends and offer logistics and engineering services to help OEMs meet the demands of the circular economy and zero-waste nation. Structural electronics penetration is growing in smart home products, smartphones, televisions, and even high-end autos and space vehicles. EMS providers must keep up with the latest trends to meet the needs of various industries, including automotive electronics manufacturers and IoT-enabled cars. Electric vehicle sales are surging, leading to a rise in demand for electronic equipment manufacturing. The challenges are significant, but with innovation and collaboration, the electronics manufacturing industry can meet these demands and contribute to a sustainable future.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This electronics manufacturing service market report extensively covers market segmentation by  

End-user 1.1 Computing and consumer appliances1.2 Telecommunication1.3 Industrial1.4 Automotive1.5 OthersService Type2.1 Electronics design and engineering2.2 Electronics assembly2.3 Electronics manufacturing2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Computing and consumer appliances-  The Electronics Manufacturing Services (EMS) market is a significant sector in the global electronics industry. Companies in this market provide services such as design, manufacturing, testing, and assembly of electronic components and systems for various industries. EMS providers help businesses reduce costs, improve product quality, and shorten time-to-market. They use advanced technologies and processes to ensure high-quality production and efficient supply chain management. The EMS market is expected to grow due to increasing demand for electronic devices and the trend towards outsourcing manufacturing services.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Electronics Manufacturing Services (EMS) market encompasses a wide range of services, including healthcare and automotive sub-assembly manufacturing, testing, component assembly and re-engineering, and engineering services. These services play a crucial role in the production of various electronics, from industrial output to consumer goods such as smartphones, smart home products, and virtual reality devices. New technologies, such as structural electronics and 3D printing, are revolutionizing the electronics manufacturing industry, leading to increased productivity levels and cost savings. Capacitors, connectors, LCD panels, and other components are integral parts of these manufacturing processes. E-waste recycling is a growing concern for the industry, as the demand for new electronics continues to rise. OEMs are increasingly turning to EMS providers for help in managing their e-waste responsibly. The automotive sector is a significant contributor to the EMS market, with the demand for advanced driver assistance systems (ADAS) and electric vehicle components driving growth. Low-income individuals also benefit from the affordability and accessibility of electronics manufacturing services, making technology more accessible to a wider audience. Overall, the EMS market is a dynamic and evolving industry, driven by new technologies and the demands of various sectors, including healthcare, automotive, and consumer electronics.

Market Research Overview

The Electronics Manufacturing Services (EMS) market is a critical sector in the global electronics industry, catering to various end-use industries such as healthcare, automotive, and consumer electronics, among others. The market encompasses sub-assembly manufacturing, testing, component assembly & re-engineering, and more. New technologies like virtual reality, 3D printing, and structural electronics are driving innovation in the industry. The coronavirus pandemic has disrupted the electronics supply chain, highlighting the need for cybersecurity measures. Industrial output is a significant factor in the EMS market, with sectors like aerospace & defense, IT and telecom, and IoT driving demand for electronics. Capacitors, connectors, LCD panels, and other components are essential building blocks of electronic devices. Productivity levels are a key focus area for EMS providers, with new technologies like 3D technologies and electric vehicles driving growth. The circular economy and zero-waste initiatives are gaining momentum, with E-waste recycling and Greener Electronic Devices becoming essential. The Global E-waste Monitor 2020 reported that over 53.6 million tons of e-waste were generated in 2019. The electronics manufacturing industry is also addressing the challenges of urban growth and population growth, providing solutions for low-income individuals. Structural electronics penetration is increasing, with applications in high-end autos, space vehicles, smart home products, and smartphones. Logistics services and engineering services are crucial for OEMs to ensure timely delivery and quality. The EMS market is also witnessing the demand for IoT-enabled cars and electric car sales. The future of the EMS market lies in the adoption of new technologies and the transition towards a circular economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userComputing And Consumer AppliancesTelecommunicationIndustrialAutomotiveOthersService TypeElectronics Design And EngineeringElectronics AssemblyElectronics ManufacturingOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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BinBase Launches 2026 BIN Database Featuring 6-11 Digit Waterfall Lookup for High-Precision Payment Routing

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BinBase introduces its upgraded 2026 BIN Database, offering 3.2M+ card ranges, 29 granular data attributes, and extended 8-11 digit accuracy to eliminate false-positives and optimize routing for global fintechs.

MIAMI, July 21, 2026 /PRNewswire-PRWeb/ — BinBase, a provider of payment intelligence and card issuing data, has announced the official release of its updated 2026 BIN Database. Engineered for payment gateways, acquiring banks, fraud prevention platforms, and e-commerce platforms, the updated dataset solves critical routing inaccuracies caused by the industry-wide shift from legacy 6-digit BINs to extended 8-to-11-digit card ranges.

Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the surgical precision developers need for cost-effective payment routing.

Since ISO/IEC 7812 expanded the standard Bank Identification Number (BIN) length to 8 digits, traditional 6-digit lookup tables have struggled to correctly identify modern card profiles. This leads to false positives, misidentified interchange fees, and failed transactions. BinBase addresses this challenge by introducing a multi-tiered database structure supporting up to 11-digit precision, alongside a recommended “Waterfall Lookup Algorithm.”

To ensure 100% routing and verification accuracy, the Waterfall method executes a descending search sequence: checking 11-digit BIN ranges down through 10, 9, 8, 7, and 6 digits until an exact match is resolved.

Key technical specifications of the 2026 BinBase release include:

Over 3.2 Million Card Ranges: Full global coverage including Visa, Mastercard, Amex, Discover, UnionPay, JCB, and regional networks.Extended Precision: Over 88% of the dataset consists of high-precision ranges (8–11 digits) to accurately isolate sub-brands, currencies, and card tiers.29 Granular Attributes: Beyond core issuer data, the database features advanced parameters including Durbin Regulation status, US Debit/ATM network routing (STAR, NYCE), Fast Funds (Visa Direct / Mastercard MoneySend indicators), commercial Level 2/Level 3 data, and digital wallet token ranges (Apple Pay / Google Pay).

“Modern payment processing requires surgical precision,” said a spokesperson for Damiko Inc. “Relying solely on 6-digit BINs in 2026 means misclassifying card products and losing money on interchange fees. Our 2026 release provides the underlying intelligence developers need to build resilient, cost-effective payment infrastructure.”

Developers and payment teams can evaluate the full 29-field database schema, review integration examples, and download a free 2026 sample dataset on the official GitHub repository.

To learn more about full commercial licensing options, instant CSV downloads, and custom API delivery, visit BinBase.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate fraud.

Media Contact

Fedor Lavrikoff, BinBase, 1 +17866133333, sales@binbase.com, htttps://www.binbase.com 

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SOURCE BinBase

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Redington Limited and AutomationEdge Announce Strategic Partnership to Accelerate Enterprise Automation and Agentic AI Adoption

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MUMBAI, India, July 22, 2026 /PRNewswire/ — Redington, a leading technology aggregator and innovation catalyst, and AutomationEdge, a leading Agentic Process Automation platform for global enterprises, have announced a strategic partnership to accelerate the adoption of enterprise automation and Agentic AI. The collaboration brings together Redington’s extensive distribution ecosystem and partner network with AutomationEdge’s enterprise-grade Agentic Process Automation platform to enable faster, scalable, and outcome-driven digital transformation for organizations.

As a part of the partnership, AutomationEdge’s portfolio of AI Agents and automation solutions is now available through the Redington AI Exchange Marketplace, enabling partners and customers to easily discover, evaluate, and deploy enterprise-ready AI solutions. This availability significantly reduces the time required to adopt AI-driven automation and provides organizations with access to proven use cases that can deliver measurable business outcomes.

The partnership is focused on delivering solution-led automation offerings that simplify adoption for enterprises and channel partners. By combining Redington’s go-to-market reach with AutomationEdge’s 10x automation capabilities, the two organizations aim to help businesses move from fragmented automation initiatives to enterprise-wide orchestration—driving efficiency, agility, and operational excellence.

Through this collaboration, both companies will jointly promote pre-built automation and AI Agent solutions across key business functions, including banking operations, insurance processes, IT / HR operations, customer service, and finance functions. These solutions include ready-to-deploy workflows, AI Agents, demonstration environments, and implementation frameworks designed to accelerate deployment and reduce complexity.

The partnership will also include joint go-to-market initiatives such as partner enablement programs, co-branded workshops, solution showcases, and proof-of-concept (PoC) engagements. These initiatives are designed to equip Redington partners with the knowledge, tools, and support needed to successfully position, sell, and implement AI-powered automation solutions for enterprise and mid-market customers.

Sayantan Dev, Global Head, Software Solutions Group, Redington, said, “The next phase of AI adoption will be defined by execution. Through the Redington AI Exchange Marketplace, we are bringing together the technologies and ecosystem needed to help partners deliver real business outcomes at scale. AutomationEdge’s Agentic AI and automation capabilities strengthen our ability to enable customers to accelerate AI adoption with greater speed, governance, and confidence.”

Prasad Likhite, Chief Sales Officer of AutomationEdge, said, “We are delighted to strengthen our partnership with Redington and accelerate the adoption of next-generation enterprise automation and Agentic AI solutions across the market. The availability of AutomationEdge AI Agents through the Redington AI Exchange Marketplace marks an important milestone in democratizing AI-led transformation, enabling enterprises to rapidly scale intelligent automation initiatives with speed, agility, and measurable business impact. At the same time, it creates significant opportunities for partners to drive innovation, unlock new revenue streams, and deliver greater value to their customers.”

The collaboration also emphasizes localized support, implementation expertise, and customer success services, ensuring that organizations can seamlessly deploy, manage, and scale automation initiatives. By leveraging Redington’s strong partner ecosystem and AutomationEdge’s deep expertise in automation and Agentic AI, the partnership is well-positioned to address the evolving needs of modern enterprises.

As organizations increasingly prioritize productivity, operational efficiency, and AI-led transformation, this partnership marks a significant step toward making enterprise automation and Agentic AI more accessible, scalable, and impactful across industries.

 About Redington

Redington Limited (NSE: REDINGTON) (BSE: 532805), a leading technology solutions provider, empowers businesses in their digital transformation journeys. Guided by its brand narrative “Unlock Next”, Redington goes beyond distribution to remove barriers, accelerate digital adoption, and unlock access, growth, trust, efficiency, and impact—helping businesses, communities, and societies embrace what’s next in technology

About AutomationEdge

AutomationEdge is a leading Agentic Process Automation platform for global enterprises. Its platform enables organizations to automate complex business processes, deploy AI Agents at scale, improve operational efficiency, and accelerate digital transformation initiatives across industries.

Media Contact:
Rahul Wandile
rahul.wandile@automationedge.com

 

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Applied Intuition Launches Dana, the Agentic Platform for Physical AI

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New platform pairs agentic AI with the tooling, data, infrastructure and domain expertise Applied Intuition has built over nearly a decade to speed the safe development of intelligent machines for the physical world.

Dana is the first agentic platform for building, testing, deploying and operating physical AI systems across industries.Built on nearly a decade of Applied Intuition’s tooling, infrastructure, workflows and engineering expertise, Dana is purpose-built for safety-critical systems operating in the physical world.Dana helps companies build physical AI applications for any industry or use case, from autonomy and software-defined vehicles to fleet operations, robotics, construction, mining and intelligent in-vehicle experiences.Dana has already reduced critical phases of vehicle development from months to days in internal and select customer deployments.

SUNNYVALE, Calif., July 22, 2026 /PRNewswire/ — Applied Intuition, Inc., a leader in physical AI, today announced the launch of Dana, the first agentic platform for building, testing, deploying and operating physical AI systems across industries. Dana combines the power of agentic AI and rapid application development with nearly a decade of Applied Intuition’s tooling, infrastructure and engineering knowledge. The result is a unified system that accelerates the development of intelligent machines in the physical world.

“We believe physical AI will become one of the defining technologies of this century,” said Qasar Younis, co-founder and CEO of Applied Intuition. “Our ambition is to help bring intelligence to a billion machines, and Dana is the platform we built to make that possible.”

Unlike general-purpose AI tools designed primarily for digital workflows, Dana is built for the complexities of machines operating in the physical world. Dana comes with all the platform capabilities needed to build and deploy safety-critical physical AI applications, including data, visualization and tooling, as well as the evaluation, traceability and governance these systems require. The platform was designed to work across industries and with a wide range of use cases, from software-defined vehicle development and advanced driver assistance systems (ADAS) to mining and construction operations, truck fleet management, robotics and intelligent in-vehicle experiences. With Dana, customers can:

Deploy Applied Intuition’s reference applications — spanning autonomy, fleet operations, and more — or build their own.Use both natural language and command-line interfaces to complete complex development tasks more intuitively and accelerate iteration cycles across teams and systems.Integrate the platform with enterprise systems and collaboration tools, like Slack and Jira, helping organizations connect fragmented engineering and operational workflows while embedding agentic capabilities across the development process.

Applied Intuition has used Dana internally since last year, building and delivering solutions on the platform for long-standing customers across automotive, trucking, mining, and agriculture. Dana’s agent-driven workflows have reduced critical phases of vehicle development timelines from months to days in some cases. Applied Intuition has offered limited, early access to select customers, including heavy-equipment manufacturer Komatsu and Isuzu Motors, who is using the platform to accelerate L4 autonomy for its fleet of commercial trucks.

“We’ve been impressed by how Dana can streamline complex engineering workflows and accelerate development,” said Yasuhiro Yazawa, Director, Isuzu Motors Limited, Japan. “Dana gives our engineering teams greater confidence to develop, track and deploy safe autonomous-vehicle capabilities at a much faster pace.”

“Applied Intuition has been a valuable technology partner as we continue advancing the digital capabilities that support the next generation of mining equipment and solutions,” said Peter Salditt, CEO, Komatsu Mining. “Dana represents another step forward, bringing intelligent, agentic capabilities into our engineering workflows to help our teams innovate faster, improve efficiency and ultimately create greater value for our customers’ operations.”

Dana is designed to help companies keep up with the fundamental shift now underway across industries. As autonomous vehicles, robots and industrial systems become more capable, manufacturers need a more integrated way to build, validate and deploy them safely. Dana gives teams a faster path from idea to production, and the confidence to put increasingly intelligent machines into the real world.

The future of AI is physical. Dana was built for it.

To learn more about Dana and Applied Intuition’s physical AI platform, visit AppliedIntuition.com.

About Applied Intuition
Applied Intuition, Inc. is powering the future of physical AI. Founded in 2017 and now valued at $15 billion, the Silicon Valley company is creating the digital infrastructure needed to bring intelligence to every moving machine on the planet. Applied Intuition services the automotive, defense, trucking, construction, mining and agriculture industries in three core areas: tools and infrastructure, operating systems, and autonomy. Eighteen of the top 20 global automakers, as well as the United States military and its allies, trust the company’s solutions to deliver physical intelligence. Applied Intuition is headquartered in Sunnyvale, California, with nearly two dozen offices across the globe, including in London, Munich, Tokyo, Seoul, and the Washington, D.C. metro area. Learn more at applied.co or press@applied.co.

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SOURCE Applied Intuition, Inc.

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