Top ten EMS contract manufacturers boost revenues in 2020
Reports cite Manufacturing Market Insider (MMI) data that EMS revenues increased $17bn or 4.6 percent from the previous year, although this involves some recalibration because a year ago MMI was quoting top 50 EMS revenue for 2019 of $344bn.
MMI tabulates its ranking information through an annual survey of over 100 of the largest EMS companies worldwide.
The increased revenues were driven by the top ten firms taking increased market share:
- BYD Electronics
- New Kinpo Group
Market leader Foxconn achieved 5.2 percent growth over 2019 and it alone accounted for half of the top ten revenue, the reports state. In the top 50 growth rates varied from -22.1 percent at Asteelflash to 31.1 percent at Katek SE.
The geographic distribution of electronic manufacturing services remains extremely weighted towards the Asia-Pacific region and continues to move in that direction.
The Asia-Pacific region accounted for 81.9 percent of the top 50 EMS revenue; the Americas region was 16.2 percent of revenue and EMEA was just 1.9 percent. Asia-Pacific took market share by growing is revenue 5.4 percent, the Americas lost market share while growing 1.7 percent and Europe’s EMS revenue shrank by 2.4 percent.
However there appears to be significant recalibration of the regional revenues because in 2020 MMI reckoned Asia-Pacific’s regional revenue was about 90.2 percent of the top 50 EMS companies’ revenue, with the Americas region representing 7.4 percent of revenue and EMEA 2.3 percent.
In the 1990s the Americas region made more than 50 percent of the world’s electronics and EMEA made about 30 percent with Asia-Pacific region responsible for 20 percent.
Manufacturing Market Insider is a division of New Venture Research Corp.
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