-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
European EMS Market Grew to a Record Level in 2023 But May Experience Challenges in 2024
March 7, 2024 | IPCEstimated reading time: 1 minute
As revealed this week by an annual survey conducted by in4ma and sponsored by IPC Electronics Europe GmbH, the European electronics manufacturing services (EMS) industry experienced a robust 11 percent growth last year. Printed circuit board assembly (PCBA) production by EMS companies achieved record revenues of 57.3 billion Euros in 2023, underscoring electronics manufacturing’s vital role in the European economy and industrial base.
Dieter Weiss, founder and president of in4ma, and lead architect of the survey, stated that 306 legal entities contributed data to this year’s survey, which represented a 50 percent expansion in participants in just three years.
Key year-over-year industry takeaways from the survey data included:
- Eighty-one percent of EMS companies had higher revenues than the previous year.
- Employment in the EMS industry increased by approximately 14,000 to just over 254,000 total, which represented employment growth of 5.9 percent.
- EMS production of PCBAs represented only 43 percent of the total market of European PCBA production in Europe, so long-term growth potential still exists.
- The market remained very top heavy: Less than four percent of the total EMS companies in Europe represented over 70 percent of revenue.
- Excessive raw materials in inventory were calculated to be 5.2 billion Euros.
- Market consolidation will continue in 2024 as witnessed by 12 merger and acquisition (M&A) deals completed just in the first two months of the new year.
- Overall prognosis for 2024 is that the European EMS market could contract by up to one percent.
Weiss will share his findings at several live presentations over the next six months:
- IPC APEX EXPO – Anaheim, California, USA – April 8
- in4ma EMS & PCB Forum – Ulm, Germany – June 6
- IPC UK EMS Executives Meeting – London, UK – June 13
- IPC European EMS Executives Meeting – Gdansk, Poland – September 25
The full report, “Annual Survey of the European EMS Industry 2024,” authored by Dieter Weiss and Mareike Haass can be purchased directly from in4ma for 690 Euros. Contact Weiss at weiss@in4ma.de for additional information.
IPC fully champions the Pan-European EMS industry by focusing on standards, education, advocacy, solutions, industry intelligence, and networking events. You can learn more about how to participate in these initiatives by contacting Philippe Leonard, senior director, IPC Electronics Europe GmbH, at PhilippeLeonard@ipc.org.
Suggested Items
Murata Obtains ISO 26262 Certification for Functional Safety in Automotive Applications
05/21/2024 | MurataMurata Manufacturing Co., Ltd., obtained the ISO 26262 development process certification for Functional Safety* Automotive ISO 26262 from the German third-party certifier SGS-TÜV Saar GmbH on February 13, 2024.
SEMICON Europa 2024 Call for Abstracts Opens
05/21/2024 | SEMISEMI Europe announced the opening of the Call for Abstracts for SEMICON Europa 2024, to be held November 12-15 at Messe München in Munich, Germany. Selected speakers will share their expertise at the Advanced Packaging Conference (APC), Fab Management Forum (FMF), MEMS & Imaging Sensors Summit and during presentations on the show floor.
American Standard Circuits/ASC Sunstone Circuits Showcase Cutting-edge Technology at PCB East 2024
05/21/2024 | American Standard CircuitsAmerican Standard Circuits (ASC) and ASC Sunstone Circuits are excited to announce their participation in PCB East 2024, a premier event for the printed circuit board and electronics design industry. The event will take place from June 4-6, 2024, at the Boxboro Regency Hotel and Conference Center in Boxborough, MA.
India PC Market Grew 2.6% YoY in 1Q2024 with 3.07 Million Units Shipped
05/20/2024 | IDCAccording to recent data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, India’s traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in 1Q2024, up 2.6% year-over-year (YoY).
Avnet Launches QCS6490 Vision-AI Development Kit
05/17/2024 | AvnetThe QCS6490 Vision-AI Development Kit from Avnet enables engineering teams to rapidly prototype hardware, application software and AI enablement for multi-camera, high-performance, Edge AI-enabled custom embedded products.