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    South Korea Electronic Manufacturing Services Market

    ID: MRFR/SEM/55793-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea Electronic Manufacturing Services Market Research Report By Service (Electronics Manufacturing Services, Engineering Services, Test Development Implementation, Logistics Services, Others), and By Industry (Consumer Electronics, Automotive, Heavy Industrial Manufacturing, Aerospace and Defense, Healthcare, IT and Telecom, Others)-Forecast to 2035

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    South Korea Electronic Manufacturing Services Market Research Report - Forecast till 2035 Infographic
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    Table of Contents

    South Korea Electronic Manufacturing Services Market Summary

    The South Korea Electronic Manufacturing Services market is poised for substantial growth, projected to reach 36.3 USD billion by 2035.

    Key Market Trends & Highlights

    South Korea Electronic Manufacturing Services Key Trends and Highlights

    • The market valuation stands at 21 USD billion in 2024, indicating a robust starting point for growth.
    • From 2025 to 2035, the market is expected to grow at a compound annual growth rate of 5.1 percent.
    • By 2035, the market is anticipated to expand to 36.3 USD billion, reflecting increasing demand for electronic components.
    • Growing adoption of advanced manufacturing technologies due to rising consumer electronics demand is a major market driver.

    Market Size & Forecast

    2024 Market Size 21 (USD Billion)
    2035 Market Size 36.3 (USD Billion)
    CAGR (2025-2035) 5.1%

    Major Players

    DB HiTek, SInO Electronics, Kyocera Corporation, LG Electronics, ASE Group, Hynix Semiconductor, UniMicro, Molex LLC, SK Hynix, Jinhwa Electronics, Harman International, Cypress Semiconductor, Amkor Technology, Samsung Electronics

    South Korea Electronic Manufacturing Services Market Trends

    Significant trends that are currently reshaping the South Korean electronic manufacturing services market are occurring. Rapid technological breakthroughs are driving firms to innovate and adapt, especially in fields like artificial intelligence, 5G, and the Internet of Things (IoT).

    The need for electronic manufacturing services is further fueled by South Korea's strong government drive for digital transformation and its position as a technological leader. Local businesses are looking more and more for methods to use automation and smart manufacturing techniques to improve their production processes.

    The necessity for customized products and a wide range of consumer preferences are driving the growing need for customized manufacturing solutions in the South Korean market. Additionally, South Korea may increase its market share by utilizing its highly qualified labor and cutting-edge infrastructure as the need for electronics continues to rise globally.

    Modern production techniques and creative solutions are also being made possible by the government's emphasis on assisting small and medium-sized businesses (SMEs) in the electronics industry. The South Korean electronic manufacturing industry has seen a discernible shift in recent years toward sustainability.

    More businesses are creating energy-efficient products, cutting waste, and implementing eco-friendly procedures. This emphasis on sustainability fits nicely with international trends and enhances South Korea's standing as an ethical participant in the electronics industry.

    The South Korean Electronic Manufacturing Services Market has a strong foundation for growth thanks to the combination of technological advancements, support for domestic manufacturing, and a dedication to sustainability, which guarantees its competitiveness on a worldwide basis.

    South Korea Electronic Manufacturing Services Market Drivers

    Market Segment Insights

    Electronic Manufacturing Services Market Service Insights

    The South Korea Electronic Manufacturing Services Market is witnessing substantial growth, driven by the robust demand for services that support the development and production of electronic components. The Service segment plays a crucial role in enhancing the operational capabilities of manufacturers and optimizing efficiencies across various processes.

    Within this segment, Electronics Manufacturing Services serve as a backbone, focusing on the outsourcing of electronic product assembly, which allows companies to minimize production costs while improving quality through specialization.

    Engineering Services offer vital support through design and development assistance, which is essential for integrating innovative technologies into products, thereby ensuring that South Korean manufacturers stay competitive on a global scale.

    Test and Development Implementation services are pivotal as they ensure that products meet regulatory standards and perform reliably, thus maintaining customer satisfaction and brand reputation.

    Furthermore, Logistics Services are increasingly important in the context of globalization as they manage the supply chain effectively, ensuring timely delivery of components and finished goods to meet market demands.

    Electronic Manufacturing Services

    The South Korea Electronic Manufacturing Services Market is poised to see notable growth, primarily driven by the diverse applications across various industries. The Consumer Electronics sector holds a prominent position, reflecting South Korea's reputation as a global leader in electronics innovation, particularly in smartphones and smart home technologies.

    The Automotive segment is gaining traction, propelled by advancements in electric vehicles and autonomous driving technologies, fostering a growing demand for specialized manufacturing services. Heavy Industrial Manufacturing is critical, as it supports the robust infrastructure development in South Korea, ensuring seamless production processes.

    The Aerospace and Defense industry also plays a significant role, with increased investments in national security and advanced aerospace technologies. Healthcare is another essential sector, wherein electronic manufacturing services enhance medical devices and diagnostic equipment for better patient outcomes.

    Additionally, the IT and Telecom industry showcases a strong demand for customized manufacturing solutions, driven by the rapid digital transformation and increasing dependence on connected devices. Overall, the South Korea Electronic Manufacturing Services Market segmentation reflects a complex and dynamic landscape rich with opportunities and challenges across these vital industries.

    Get more detailed insights about South Korea Electronic Manufacturing Services Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Korea Electronic Manufacturing Services Market is a highly competitive landscape characterized by rapid technological advancement and innovation. As companies increasingly look to outsource their manufacturing processes to optimize efficiency and reduce costs, the demand for electronic manufacturing services continues to rise.

    This market is fueled by several factors, including the growth of the consumer electronics sector, advancements in device technologies, and the need for customization in manufacturing solutions.

    Players in this market are vying for leadership by not only providing quality production but also by offering comprehensive design, logistics, and post-manufacturing support, creating a landscape that is both dynamic and challenging.

    The competitive insights reveal a mix of traditional manufacturers and emerging companies that are leveraging new technologies such as automation and artificial intelligence to streamline operations and enhance service offerings.

    DB HiTek has established a strong presence in the South Korean Electronic Manufacturing Services Market, primarily focusing on specialty semiconductor manufacturing and related services. Leveraging its expertise in semiconductor fabrication, the company is well-positioned to cater to the requirements of diverse sectors, including telecommunications, automotive, and industrial applications.

    The strengths of DB HiTek lie in its advanced technology capabilities, strategic partnerships, and a robust supply chain network, allowing for efficient scaling of capacities based on market demand.

    The company's commitment to research and development ensures that it remains at the forefront of innovation, continuously improving existing products while developing new solutions to meet customer needs in the rapidly evolving electronics space.

    SInO Electronics plays a crucial role in the South Korean Electronic Manufacturing Services Market by providing a diverse range of products and services that cater to various sectors, including consumer electronics, medical devices, and automotive components.

    The company is known for its high-quality manufacturing processes and focuses on providing end-to-end solutions, including design, prototyping, and testing. Strengthened by a skilled workforce and state-of-the-art manufacturing facilities, SInO Electronics has gained a reputation for reliability and excellence in execution.

    Its strategic initiatives include mergers and acquisitions aimed at expanding operational capabilities and market reach within South Korea. By fostering innovation and maintaining competitive pricing, SInO Electronics solidifies its position in the market, further enhancing its ability to respond to the changing needs of its clients and the industry at large.

    Key Companies in the South Korea Electronic Manufacturing Services Market market include

    Industry Developments

    The South Korea Electronic Manufacturing Services Market has seen significant developments recently, driven by key players such as LG Electronics, Samsung Electronics, and SK Hynix. In September 2023, Hynix Semiconductor announced plans to expand its production capacity for advanced memory chips, aiming to meet rising global demand, particularly in AI technology.

    Meanwhile, in August 2023, DB HiTek completed a strategic partnership with Jinhwa Electronics to enhance semiconductor fabrication capabilities. In July 2023, Amkor Technology finalized its acquisition of a significant segment of Cypress Semiconductor, increasing Amkor's service offerings in the semiconductor packaging sector.

    These expansions and acquisitions reflect a growing trend in the market, with a reported valuation expected to reach USD 52 billion by 2025, propelled by advancements in 5G technology and the Internet of Things. Furthermore, in 2022, Samsung Electronics invested heavily in Research and Development to bolster its semiconductor operations, highlighting substantial growth in the sector.

    The increase in manufacturing capabilities and strategic partnerships are indicative of the competitive landscape in South Korea's electronic manufacturing services industry.

    Market Segmentation

    Outlook

    • Consumer Electronics
    • Automotive
    • Heavy Industrial Manufacturing
    • Aerospace and Defense
    • Healthcare
    • IT and Telecom
    • Others

    Electronic Manufacturing Services MarketOutlook

    • Consumer Electronics
    • Automotive
    • Heavy Industrial Manufacturing
    • Aerospace and Defense
    • Healthcare
    • IT and Telecom
    • Others

    Electronic Manufacturing Services Market Service Outlook

    • Electronics Manufacturing Services
    • Engineering Services
    • Test & Development Implementation
    • Logistics Services
    • Others

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 19.96(USD Billion)
    MARKET SIZE 2024 21.0(USD Billion)
    MARKET SIZE 2035 36.28(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.096% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED DB HiTek, SInO Electronics, Kyocera Corporation, LG Electronics, ASE Group, Hynix Semiconductor, UniMicro, Molex LLC, SK Hynix, Jinhwa Electronics, Harman International, Cypress Semiconductor, Amkor Technology, Samsung Electronics
    SEGMENTS COVERED Service, Industry
    KEY MARKET OPPORTUNITIES 5G technology deployment, IoT device production, Renewable energy electronics, Automotive electronics manufacturing, Custom PCB assembly services
    KEY MARKET DYNAMICS technological innovation, supply chain efficiency, skilled labor availability, increasing consumer electronics demand, cost-competitive manufacturing
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the expected market size of the South Korea Electronic Manufacturing Services Market in 2024?

    The South Korea Electronic Manufacturing Services Market is expected to be valued at 21.0 USD Billion in 2024.

    How fast is the South Korea Electronic Manufacturing Services Market projected to grow from 2025 to 2035?

    The market is projected to grow at a CAGR of 5.096% from 2025 to 2035.

    What will be the market size of the South Korea Electronic Manufacturing Services Market in 2035?

    By 2035, the market is expected to reach a value of 36.28 USD Billion.

    Which segment of the market is expected to be the largest in 2024?

    The Electronics Manufacturing Services segment is expected to be the largest, valued at 8.0 USD Billion in 2024.

    What is the projected value of the Engineering Services segment by 2035?

    The Engineering Services segment is projected to be valued at 6.78 USD Billion by 2035.

    Who are the key players in the South Korea Electronic Manufacturing Services Market?

    Major players include DB HiTek, LG Electronics, Samsung Electronics, and ASE Group among others.

    What is the expected market size for Logistics Services in 2024?

    The Logistics Services segment is expected to be valued at 3.0 USD Billion in 2024.

    Is there any significant trend impacting the growth of the market?

    The increasing demand for advanced electronic solutions is a significant trend impacting market growth.

    What challenges are faced by the players in this market?

    Challenges include maintaining competitive pricing while ensuring high-quality standards.

    How much is the Test & Development Implementation services projected to be worth by 2035?

    The Test & Development Implementation services are projected to be worth 5.94 USD Billion by 2035.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. South
    59. Korea Electronic Manufacturing Services Market, BY Service (USD Billion)
    60. Electronics
    61. Manufacturing Services
    62. Engineering Services
    63. Test
    64. & Development Implementation
    65. Logistics Services
    66. Others
    67. South
    68. Korea Electronic Manufacturing Services Market, BY Industry (USD Billion)
    69. Consumer
    70. Electronics
    71. Automotive
    72. Heavy
    73. Industrial Manufacturing
    74. Aerospace and Defense
    75. Healthcare
    76. IT
    77. and Telecom
    78. Others
    79. Competitive Landscape
    80. Overview
    81. Competitive
    82. Analysis
    83. Market share Analysis
    84. Major
    85. Growth Strategy in the Electronic Manufacturing Services Market
    86. Competitive
    87. Benchmarking
    88. Leading Players in Terms of Number of Developments
    89. in the Electronic Manufacturing Services Market
    90. Key developments
    91. and growth strategies
    92. New Product Launch/Service Deployment
    93. Merger
    94. & Acquisitions
    95. Joint Ventures
    96. Major
    97. Players Financial Matrix
    98. Sales and Operating Income
    99. Major
    100. Players R&D Expenditure. 2023
    101. Company
    102. Profiles
    103. DB HiTek
    104. Financial
    105. Overview
    106. Products Offered
    107. Key
    108. Developments
    109. SWOT Analysis
    110. Key
    111. Strategies
    112. SInO Electronics
    113. Financial
    114. Overview
    115. Products Offered
    116. Key
    117. Developments
    118. SWOT Analysis
    119. Key
    120. Strategies
    121. Kyocera Corporation
    122. Financial
    123. Overview
    124. Products Offered
    125. Key
    126. Developments
    127. SWOT Analysis
    128. Key
    129. Strategies
    130. LG Electronics
    131. Financial
    132. Overview
    133. Products Offered
    134. Key
    135. Developments
    136. SWOT Analysis
    137. Key
    138. Strategies
    139. ASE Group
    140. Financial
    141. Overview
    142. Products Offered
    143. Key
    144. Developments
    145. SWOT Analysis
    146. Key
    147. Strategies
    148. Hynix Semiconductor
    149. Financial
    150. Overview
    151. Products Offered
    152. Key
    153. Developments
    154. SWOT Analysis
    155. Key
    156. Strategies
    157. UniMicro
    158. Financial
    159. Overview
    160. Products Offered
    161. Key
    162. Developments
    163. SWOT Analysis
    164. Key
    165. Strategies
    166. Molex LLC
    167. Financial
    168. Overview
    169. Products Offered
    170. Key
    171. Developments
    172. SWOT Analysis
    173. Key
    174. Strategies
    175. SK Hynix
    176. Financial
    177. Overview
    178. Products Offered
    179. Key
    180. Developments
    181. SWOT Analysis
    182. Key
    183. Strategies
    184. Jinhwa Electronics
    185. Financial
    186. Overview
    187. Products Offered
    188. Key
    189. Developments
    190. SWOT Analysis
    191. Key
    192. Strategies
    193. Harman International
    194. Financial
    195. Overview
    196. Products Offered
    197. Key
    198. Developments
    199. SWOT Analysis
    200. Key
    201. Strategies
    202. Cypress Semiconductor
    203. Financial
    204. Overview
    205. Products Offered
    206. Key
    207. Developments
    208. SWOT Analysis
    209. Key
    210. Strategies
    211. Amkor Technology
    212. Financial
    213. Overview
    214. Products Offered
    215. Key
    216. Developments
    217. SWOT Analysis
    218. Key
    219. Strategies
    220. Samsung Electronics
    221. Financial
    222. Overview
    223. Products Offered
    224. Key
    225. Developments
    226. SWOT Analysis
    227. Key
    228. Strategies
    229. References
    230. Related
    231. Reports
    232. LIST
    233. OF ASSUMPTIONS
    234. South Korea Electronic Manufacturing Services
    235. Market SIZE ESTIMATES & FORECAST, BY SERVICE, 2019-2035 (USD Billions)
    236. South
    237. Korea Electronic Manufacturing Services Market SIZE ESTIMATES & FORECAST, BY
    238. INDUSTRY, 2019-2035 (USD Billions)
    239. PRODUCT LAUNCH/PRODUCT
    240. DEVELOPMENT/APPROVAL
    241. ACQUISITION/PARTNERSHIP
    242. LIST
    243. Of figures
    244. MARKET SYNOPSIS
    245. SOUTH
    246. KOREA ELECTRONIC MANUFACTURING SERVICES MARKET ANALYSIS BY SERVICE
    247. SOUTH
    248. KOREA ELECTRONIC MANUFACTURING SERVICES MARKET ANALYSIS BY INDUSTRY
    249. KEY
    250. BUYING CRITERIA OF ELECTRONIC MANUFACTURING SERVICES MARKET
    251. RESEARCH
    252. PROCESS OF MRFR
    253. DRO ANALYSIS OF ELECTRONIC MANUFACTURING
    254. SERVICES MARKET
    255. DRIVERS IMPACT ANALYSIS: ELECTRONIC MANUFACTURING
    256. SERVICES MARKET
    257. RESTRAINTS IMPACT ANALYSIS: ELECTRONIC
    258. MANUFACTURING SERVICES MARKET
    259. SUPPLY / VALUE CHAIN: ELECTRONIC
    260. MANUFACTURING SERVICES MARKET
    261. ELECTRONIC MANUFACTURING
    262. SERVICES MARKET, BY SERVICE, 2025 (% SHARE)
    263. ELECTRONIC
    264. MANUFACTURING SERVICES MARKET, BY SERVICE, 2019 TO 2035 (USD Billions)
    265. ELECTRONIC
    266. MANUFACTURING SERVICES MARKET, BY INDUSTRY, 2025 (% SHARE)
    267. ELECTRONIC
    268. MANUFACTURING SERVICES MARKET, BY INDUSTRY, 2019 TO 2035 (USD Billions)
    269. BENCHMARKING
    270. OF MAJOR COMPETITORS

    South Korea Electronic Manufacturing Services Market Segmentation

    • Electronic Manufacturing Services Market By Service (USD Billion, 2019-2035)

      • Electronics Manufacturing Services
      • Engineering Services
      • Test & Development Implementation
      • Logistics Services
      • Others

     

    • Electronic Manufacturing Services Market By Industry (USD Billion, 2019-2035)

      • Consumer Electronics
      • Automotive
      • Heavy Industrial Manufacturing
      • Aerospace and Defense
      • Healthcare
      • IT and Telecom
      • Others

     

     

     

     

     

     

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