IPO研究 | 全球电子制造服务业市场规模预计2029年将达5.5万亿元

Company Overview - Chongqing Yulong Optoelectronics Technology Co., Ltd. (Yulong Technology) has received acceptance for its IPO on the ChiNext board, with CITIC Securities as the sponsor [1] - Established in 2014, Yulong Technology focuses on the research, production, and sales of intelligent control cards and precision functional devices in the new semiconductor display panel sector, targeting consumer electronics such as tablets, laptops, monitors, large-sized TVs, smartphones, and smart wearables [1] Industry Insights - The Electronics Manufacturing Services (EMS) sector is a critical component of the global electronic information manufacturing system, encompassing key processes from design, component procurement, PCB assembly, to complete product manufacturing, testing, and logistics delivery [1] - EMS has emerged as the mainstream business model in the global electronics manufacturing industry, driven by the outsourcing of manufacturing and design processes by brand owners to reduce production costs and accelerate time-to-market for new products [1] - EMS providers now offer a comprehensive range of services including R&D design, raw material procurement, product manufacturing, logistics distribution, and after-sales service, becoming essential platforms for mass production of consumer electronics, communication devices, automotive electronics, and display modules [2] Market Growth - The global EMS market has shown steady growth, with the market size increasing from approximately RMB 348.736 billion in 2020 to an estimated RMB 396.828 billion in 2024, and projected to reach RMB 550.921 billion by 2029, reflecting a compound annual growth rate (CAGR) of about 6.7% from 2025 to 2029 [2] - China is identified as the core of the global EMS industry, characterized by a complete industrial chain, robust manufacturing support systems, and strong production capabilities, making it the largest electronic manufacturing capacity hub globally [2] - By 2024, China's EMS market is expected to account for over half of the global total, playing a crucial role in the stable supply of electronic products worldwide [2]