Despite economic setbacks in 2009, the world market for electronics manufacturing services (EMS) is returning to double-digit growth, according to a study from IPC - Association Connecting Electronics Industries. Electronic contract manufacturers supply electronic components for OEMs.
The global EMS study, 2009–2010 Analysis and Forecast for the EMS Industry, presents data and analysis on the EMS industry, examining critical trends and providing forecasts and potential for market expansion.
IPC said the EMS sector was the last in the electronics supply chain to feel the impact of the global recession and the last to rebound in 2010. As the world’s economies recover, the global EMS market is projected to grow at an annual average rate of 12.2% through 2014, based on a forecast provided for this report by New Venture Research Corp. (NVR), formerly Electronic Trend Publications.
IPC’s own forecast of assembly market growth in North America projects a spike of 28% in 2010 as recovery takes hold, and a return to more normal growth of 12% in 2011.
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