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Re:

NVR: Did the Global EMS Market Grow 10.8% in 2017?

NVR-linked estimates show a growing EMS industry, but the exact claim of 10.8% growth in 2017 is not confirmed by the cited public sources.
From TheFinanceBase Team3 min to read
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The title figure of 10.8% growth in 2017 cannot be confirmed from the publicly available passages cited here. New Venture Research (NVR), the historical publisher of the EMS market study, did publish estimates showing a growing electronics manufacturing services industry—but its cited forecasts point to mid-single-digit annual growth over longer periods, not a verified 10.8% result for 2017.

What does NVR mean in the EMS market?

NVR stands for New Venture Research, the publisher of the Worldwide Electronics Manufacturing Services Market study and Manufacturing Market Insider. Its market research program moved to the Global Electronics Association in 2026.

Electronics manufacturing services (EMS) providers make products for original equipment manufacturers (OEMs). Their work can extend beyond assembly to engineering, testing, supply-chain management, design, repair, remanufacturing, and lifecycle support. Demand is influenced by growing electronic content in products and OEM decisions to outsource manufacturing to specialized firms.

Is the 10.8% growth figure for 2017 verified?

The exact claim that the global EMS market grew 10.8% in 2017 is not reproduced in the public passages cited here, so it should be treated as unverified rather than as an established market result. The available NVR-linked figures describe different market scopes or forecast periods; none is a direct substitute for that one-year claim.

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For context, a Kimball Electronics SEC filing described NVR’s 2017 forecast for worldwide electronics assembly value as 4.2% compound annual growth from 2016 through 2021. It gave forecasts of 5.7% for automotive, 4.3% for medical, and 4.5% for industrial over that period. Those are forecasts across five years, not measurements of EMS growth in 2017.

What market sizes and growth estimates did contemporary sources report?

The figures below should not be read as competing measurements of one identical market. Their definitions, periods, and scope differ.

Source and measure Reported values What the figures mean
NVR-sourced EMS segment table, cited by Lincoln International in 2017 $329.231 billion in 2016; $427.462 billion in 2021; 5.4% CAGR A forecast for EMS segment revenue over 2016–2021, not a reported 2017 growth rate.
Research and Markets description of the NVR study $425 billion in 2016; $551 billion in 2021; approximately 5.3% CAGR A contract manufacturing estimate and forecast; its stated scope differs from the segment table.
Kimball Electronics SEC filing describing NVR’s 2017 forecast 4.2% CAGR from 2016 through 2021 for worldwide electronics assembly value A broader assembly-value forecast, with separate forecasts for selected end markets.
EE Times reporting later NVR figures 15% growth in 2018, to nearly $542 billion A later estimate for 2018; the report said growth accelerated in 2017 and 2018, but this does not verify a specific 10.8% figure for 2017.

The differences matter: “electronics assembly value,” “contract manufacturing,” and EMS segment revenue are not automatically interchangeable. A valid comparison also needs to establish whether a figure includes original design manufacturers (ODMs), how it treats service revenue versus assembly value, what geographies and end markets it covers, and whether it is a contemporary estimate or a later revision.

Which EMS segments were largest in the NVR-linked breakdown?

The NVR-sourced table cited by Lincoln International reported 2016 revenue shares as follows:

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Segment Share of 2016 revenue
Communications 39.1%
Computers 25.4%
Consumer 13.9%
Industrial 9.2%
Medical 5.2%
Automotive 4.0%
Commercial aviation 1.7%
Defense/other 1.6%

These are segment shares for 2016, not growth rates for 2017. Evertiq’s 2017 coverage also discussed connectivity and smart electronics, quoting a 23.6% CAGR forecast for smart electronics through 2020. That was a forecast for smart electronics, not a measured EMS-market result.

What does the later market outlook say?

In a May 27, 2026 announcement, the Global Electronics Association said the EMS market reached approximately $658 billion in 2024 and was projected to grow at a 4.6% CAGR in the years ahead. This is the Association’s later market statement, not evidence that NVR’s 10.8% 2017 figure is correct.

Where can readers find the NVR market report?

Research and Markets described the NVR study as covering 63 product segments and 916 manufacturing sites, and listed the 2017 report. Availability of that historical report may change; readers seeking the research program’s current market intelligence can also check the Global Electronics Association, which announced in 2026 that the NVR program had moved to it.

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Why EMS market estimates can differ

Before comparing headline market numbers, check what each source actually measures:

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  • Market definition: EMS-only, contract manufacturing, or a broader category that also includes ODM activity.
  • Financial measure: assembly value, service revenue, or another measure of industry activity.
  • Period: a single-year result versus a multi-year forecast, including the forecast’s base year and end year.
  • Coverage: geography, product segments, end markets, and provider-ranking methodology.
  • Timing: a contemporaneous estimate or a later revision of an earlier year.

Without those details, a growth rate from one source cannot safely be substituted for another. For this title’s claim, the responsible conclusion is that the exact 10.8% figure remains unverified in the cited public material.

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