Report Overview

India Electronics Manufacturing Services (EMS) Market – Industry Trends & Forecast Report, 2031

India Electronics Manufacturing Services (EMS) Market Application was estimated at USD 61.85 billion in 2024. During the forecast period between 2025 and 2031, the India Electronics Manufacturing Services (EMS) Market Application is projected to boom at a robust CAGR of 28% reaching a value of USD 348.17 billion by 2031. A prominent driver of market growth is rising disposable income among the expanding middle class households. The demand for consumer electronic goods is increasing due to rising disposable income among households along with changing lifestyle preferences of consumers across India.

Electronics Manufacturing Services (EMS) – Overview

Electronics manufacturing services (EMS) include comprehensive outsourced solutions for the design, manufacturing, testing, and distribution of electronic components and assemblies on behalf of original equipment manufacturers (OEMs). EMS providers enable OEMs to focus on product innovation and marketing by handling the complexities of production and logistics. EMS plays a critical role in the electronics value chain by delivering scalable, flexible, and efficient manufacturing solutions to meet the demands of diverse sectors, like consumer electronics, automotive, industrial, and telecommunications.

India Electronics Manufacturing Services (EMS) Market

Growth Drivers

Growing Demand for Consumer Electronic Goods

The growing demand for consumer electronic goods in India is fueled by rising disposable incomes, rapid urbanization, and evolving lifestyle preferences, with households increasingly prioritizing devices like smartphones, smart TVs, and wearables. Economic growth and an emerging middle class have expanded purchasing power, while affordable financing options, such as EMI schemes, have made premium electronics accessible to a broader demographic. It has led to an increasing demand for consumer electronic goods. It, in turn, is projected to propel the growth of India Electronics Manufacturing Services (EMS) Market over the forecast period.

Challenges

High Cost of Maintenance

The high costs associated with the maintenance and repair of electrical and electronics equipment, along with a shortage of skilled professionals, significantly hinder sales and profitability for the companies in India Electronics Manufacturing Services (EMS) Market. Repair expenses often approach the cost of new devices, especially for smartphones and IoT gadgets, due to expensive imported components and manufacturer-controlled spare parts, leading consumers to prefer replacement over repair.

Impact of Escalating Geopolitical Tensions on India Electronics Manufacturing Services (EMS) Market

Intensifying geopolitical tensions among countries across the regions are reshaping India's Electronics Manufacturing Services (EMS) market by creating both opportunities and challenges. It decreased level of activity along with the disruption of the supply chain resulted in significant drop-down numbers affecting the negative impact of the entire sector. Periodic shortages of electronic components, driven by factors such as increased demand, manufacturing capacity limitations, or geopolitical tensions, lead to extended lead times and increased costs. EMS providers struggle to secure essential components, impacting their production schedules and overall efficiency.

India Electronics Manufacturing Services (EMS) Market

Segmental Coverage

India Electronics Manufacturing Services (EMS) Market – By Service Type

By service type, India Electronics Manufacturing Services (EMS) Market is segmented into mainly three categories: Electronics Design & Engineering, Electronics Assembly, and Full-Scale Manufacturing. The design & engineering segment focuses on product conceptualization, prototyping, and testing, driven by rising demand for IoT, AI-driven devices, and EV components like battery management systems (BMS), supported by government initiatives, such as M-SIPS subsidies and the Electronic Development Fund.

India Electronics Manufacturing Services (EMS) Market – By Application

Based on application, India Electronic Manufacturing Services Market is divided into Computer, Consumer Electronics, Aerospace & Defense, Healthcare, Automotive, Industrial, IT & Telecom, Agriculture, Power & Energy, and other applications. The computer segment dominated the market with the major market share. In the computer segment, the demand for high-performance computing systems and miniaturized components is on the rise due to ongoing advancements in technologies like AI and data processing. Companies providing electronic manufacturing are concentrated on optimizing production for these systems by including miniaturized components, which addresses the cost and efficient designs required by these rapid technological advancements.

India Electronics Manufacturing Services (EMS) Market – By Region

Geographically, the India Electronics Manufacturing Services (EMS) Market is segmented into North India, South India, East India, and West India. South India, particularly Tamil Nadu states, leads India Electronics Manufacturing Services Market due to its major Apple’s supply chain, particularly Foxconn’s Tamil Nadu facility, accounts for a majority of India’s smartphone exports.

Competitive Landscape

Major players operating in India Electronics Manufacturing Services (EMS) Market include Dixon Technologies (India) Ltd, Sanmina-SCI India Ltd, PG Electroplast Limited, Universal Scientific Industrial Co., Ltd, Hon Hai Precision Industry Co. Ltd (Foxconn), Flex Ltd, Venture Corporation Limited, Jabil Inc., Celestica India Pvt Ltd, Wistron Corporation, Plexus Corporation, Fabrinet, and COMPAL Inc. These prominent companies provide electronics manufacturing services (EMS) to various industries. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In May 2024 - Siemens AG and Hon Hai Technology Group (Foxconn) signed a memorandum of understanding (MoU) to focus on digital transformation and sustainability in smart manufacturing platforms for electronics, ICT, and electric vehicles (EVs).

Scope of the Report

By Service Type

• Electronics Design & Engineering      

• Electronics Assembly

• Electronics Manufacturing

• Logistic Services

• Other Service Types

By Application

• Consumer Electronics      

• Automotive  

• Industrial

• Agriculture

• Aerospace & Defense    

• Healthcare

• IT & Telecom

• Power & Energy

• Others

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Electronics Manufacturing Services (EMS) Market Insights
   1. DROC Analysis
      1. Growth Drivers
         1. Growing Demand for Electronic Goods
         2. Technological Advancements
         3. Government Initiatives
      2. Restraints
         1. Heavy Import Dependency
         2. Skilled Labor Shortages
      3. Opportunities
         1. Employment and Skill Development
         2. Global Supply Chain Diversification
      4. Challenges
         1. High Production Costs
         2. Low Value Addition
   2. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Electronics Manufacturing Services (EMS) Market: Value Chain Analysis
5. India Electronics Manufacturing Services (EMS) Market: Regulatory Framework
6. India Electronics Manufacturing Services (EMS) Market: Marketing Strategies
7. India Electronics Manufacturing Services (EMS) Market: Pricing Analysis
8. India Electronics Manufacturing Services (EMS) Market: Geography Analysis
   1. India Electronics Manufacturing Services (EMS) Market, Geographical Analysis, 2024
   2. India Electronics Manufacturing Services (EMS) Market Attractiveness Analysis, 2024–2031
9. India Electronics Manufacturing Services (EMS) Market Overview
   1. Market Application & Forecast, 2019–2031
      1. 1. By Value (USD Billion)
   2. Market Share & Forecast
      1.  By Service Type
         1. Electronics Design & Engineering      
         2. Electronics Assembly
         3. Electronics Manufacturing
         4. Logistic Services
         5. Others
      2. By Application
         1. Consumer Electronic      
         2. Automotive  
         3. Industrial
         4. Agriculture
         5. Aerospace & Defense    
         6. Healthcare
         7. IT & Telecom
         8. Power & Energy
         9. Others
      3. By Region
         1. 1. North India
            2. South India
            3. East India
            4. West India
10. North India Electronics Manufacturing Services (EMS) Market
    1. Market Service Type & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Service Type
       2. By Application
11. South India Electronics Manufacturing Services (EMS) Market
    1. Market Service Type & Forecast, 2019–2031
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. 1. By Service Type
          2. By Application
12. East India Electronics Manufacturing Services (EMS) Market
    1. Market Service Type & Forecast, 2019–2031
       1. By Value (USD Billion)
          1. By Service Type
          2. By Application
13. West India Electronics Manufacturing Services (EMS) Market
    1. Market Service Type & Forecast, 2019–2031
       1. By Value (USD Billion)
          1. By Service Type
          2. By Application
14. Competitive Landscape
    1. List of Key Players and Their Offering
    2. Company Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
15. Impact of Escalating Geopolitical Tensions on Industrial Plug and Socket Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Dixon Technologies (India) Ltd
    2. Sanmina-SCI India Ltd
    3. PG Electroplast Limited
    4. Universal Scientific Industrial Co., Ltd (USI)
    5. Hon Hai Precision Industry Co. Ltd (Foxconn)
    6. Benchmark Electronics Inc.
    7. Flex Ltd
    8. Venture Corporation Limited
    9. Jabil Inc.
    10. Celestica India Pvt Ltd
    11. Wistron Corporation
    12. Plexus Corporation
    13. Fabrinet
    14. COMPAL Inc.
    15. Other Players
17. Key Strategic Recommendations
18. Research Methodology
    1.    Qualitative Research
       1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       India Electronics Manufacturing Services (EMS) Market Segmentation

Figure 2       India Electronics Manufacturing Services (EMS) Market Share (%), By Offerings, 2024

Figure 3       India Electronics Manufacturing Services (EMS) Market Service Type, By Value (USD Million)

Figure 4       Porter’s Five Forces Analysis

Figure 5       India Electronics Manufacturing Services (EMS) Market Value Chain Analysis

Figure 6       India Electronics Manufacturing Services (EMS) Market: Marketing Channels

Figure 7       India Electronics Manufacturing Services (EMS) Market, By Value (USD Million), 2019-2031

Figure 8       India Electronics Manufacturing Services (EMS) Market Share (%), By Service Type, By Value (USD Million), 2019-2031

Figure 9       India Electronics Manufacturing Services (EMS) Market Share (%), By Application, By Value (USD Million), 2019-2031

Figure 10     India Electronics Manufacturing Services (EMS) Market Share (%), By Region, By Value (USD Million), 2019-2031

Figure 11     North India Electronics Manufacturing Services (EMS) Market Service Type, By Value (USD Million), 2019-2031

Figure 12     North India Electronics Manufacturing Services (EMS) Market Share (%), By Service Type, By Value (USD Million), 2019-2031

Figure 13     North India Electronics Manufacturing Services (EMS) Market Share (%), By Application, By Value (USD Million), 2019-2031

Figure 14     South India Electronics Manufacturing Services (EMS) Market Service Type, By Value (USD Billion), 2019–2031

Figure 15     South India Electronics Manufacturing Services (EMS) Market Share, By Service Type, By Value (USD Billion), 2019–2031

Figure 16     South India Electronics Manufacturing Services (EMS) Market Share, By Application, By Value (USD Billion), 2019–2031

Figure 17     East India Electronics Manufacturing Services (EMS) Market Service Type, By Value (USD Billion), 2019–2031

Figure 18     East India Electronics Manufacturing Services (EMS) Market Share, By Service Type, By Value (USD Billion), 2019–2031

Figure 19     East India Electronics Manufacturing Services (EMS) Market Share, By Application, By Value (USD Billion), 2019–2031

Figure 20     West India Electronics Manufacturing Services (EMS) Market Service Type, By Value (USD Billion), 2019–2031

Figure 21     West India Electronics Manufacturing Services (EMS) Market Share, By Service Type, By Value (USD Billion), 2019–2031

Figure 22     West India Electronics Manufacturing Services (EMS) Market Share, By Application, By Value (USD Billion), 2019–2031

List of Tables

Table 1        India Electronics Manufacturing Services (EMS) Market Type, By Value (USD Billion), 2019–2031

Table 2        India Electronics Manufacturing Services (EMS) Market Type, By Service Type, By Value (USD Billion), 2019–2031

Table 3        India Electronics Manufacturing Services (EMS) Market Type, By Application, By Value (USD Billion), 2019–2031

Table 4        India Electronics Manufacturing Services (EMS) Market Type, By Power, By Value (USD Billion), 2019–2031

Table 5        India Electronics Manufacturing Services (EMS) Market Type, By End User, By Value (USD Billion), 2019–2031

Table 6        India Electronics Manufacturing Services (EMS) Market Type, By Value (USD Billion), 2019–2031

Table 7        India Electronics Manufacturing Services (EMS) Market Type, By Region, By Value (USD Billion), 2019–2031

Table 8        North India Electronics Manufacturing Services (EMS) Market, By Value (USD Billion), 2019–2031

Table 9        North India Electronics Manufacturing Services (EMS) Market, By Service Type, By Value (USD Billion), 2019–2031

Table 10      North India Electronics Manufacturing Services (EMS) Market, By Application, By Value (USD Billion), 2019–2031

Table 11      North India Electronics Manufacturing Services (EMS) Market, By Country, By Value (USD Billion), 2019–2031

Table 12      South India Electronics Manufacturing Services (EMS) Market, By Value (USD Billion), 2019–2031

Table 13      South India Electronics Manufacturing Services (EMS) Market, By Service Type, By Value (USD Billion), 2019–2031

Table 14      South India Electronics Manufacturing Services (EMS) Market, By Application, By Value (USD Billion), 2019–2031

Table 15      South India Electronics Manufacturing Services (EMS) Market, By Country, By Value (USD Billion), 2019–2031

Table 16      East India Electronics Manufacturing Services (EMS) Market, By Value (USD Billion), 2019–2031

Table 17      East India Electronics Manufacturing Services (EMS) Market, By Service Type, By Value (USD Billion), 2019–2031

Table 18      East India Electronics Manufacturing Services (EMS) Market, By Application, By Value (USD Billion), 2019–2031

Table 19      West India Electronics Manufacturing Services (EMS) Market, By Value (USD Billion), 2019–2031

Table 20      West India Electronics Manufacturing Services (EMS) Market, By Service Type, By Value (USD Billion), 2019–2031

Table 21      West India Electronics Manufacturing Services (EMS) Market, By Application, By Value (USD Billion), 2019–2031

Table 22      Dixon Technologies (India) Ltd Company View

Table 23      Dixon Technologies (India) Ltd Financial View

Table 24      Sanmina-SCI India Ltd Company View

Table 25      Sanmina-SCI India Ltd Financial View

Table 26      PG Electroplast Limited Company Overview

Table 27      PG Electroplast Limited Financial Overview

Table 28      Universal Scientific Industrial Co., Ltd. (USI) Company Overview

Table 29      Universal Scientific Industrial Co., Ltd. (USI) Financial Overview

Table 30      Hon Hai Precision Industry Co. Ltd (Foxconn) Company Overview

Table 31      Hon Hai Precision Industry Co. Ltd (Foxconn) Financial Overview

Table 32      Benchmark Electronics Inc. Company Overview

Table 33      Benchmark Electronics Inc. Financial Overview

Table 34      Flex Ltd Company Overview

Table 35      Flex Ltd Financial Overview

Table 36      Venture Corporation Limited Company Overview

Table 37      Venture Corporation Limited Financial Overview

Table 38      Jabil Inc. Company Overview

Table 39      Jabil Inc. Financial Overview

Table 40      Celestica Inc. Company Overview

Table 41      Celestica Inc. Financial Overview

Table 42      Wistron Corporation Company Overview

Table 43      Wistron Corporation Financial Overview

Table 44      Plexus Corporation Company Overview

Table 45      Plexus Corporation Financial Overview

Table 46      Fabrinet Company Overview

Table 47      Fabrinet Financial Overview

Table 48      COMPAL Inc. Company Overview

Table 49      COMPAL Inc. Financial Overview