Page 62 - Edelweiss India Conference 2022 FLIPBOOK
P. 62
THE NEW EDGE
India’s new edge in the making
The global electronics manufacturing services (EMS) market traditionally comprised companies that manufacture
electronic products, predominantly assembling components on printed circuit boards (PCBs) and box-builds for major
brands. Brands are now seeing more value from EMS companies, leading to involvement beyond manufacturing
services to product design and development, testing, and aftersales services such as repair, remanufacturing,
marketing and product lifecycle management.
Manufacturing
Manufacturing
Component and assembly
of electronic
manufacturing products Logistics
and sourcing Delivery of
Procure components from
select vendors and do
fabrication work
Product design After sales
& development ELECTRONIC Repair and
Conceptualising remanufacturing
end design of process
electronic products MANUFACTURING
SERVICES
Source: Frost & Sullivan, Edelweiss Research
Sizing up global and Indian EMS industry
into ~USD832bn by 2019. In 2020 and 2021 though, global EMS by value contracted due
to multiple reasons. Even so, it is expected to start growing again at a steady 4.5% through
2025.
60 Edelweiss Securities Limited
