The latest half-year survey from the Global Electronics Association and in4ma drew responses from 219 EMS facilities across 177 companies, covering around 21.9% of Europe’s EMS market. The findings confirm how the semiconductor supply crunch of 2021–2022 has left lasting scars.
2024 Performance
- Europe’s EMS revenues fell 10.6% year-on-year.
- The second half of 2024 declined a further 10.8% compared with the first half.
- Germany was hit hardest: -16.6% for the year and -12.9% from H1 to H2.
- Order backlogs shrank: -3.7% in Germany and -10.9% in Austria, the latter due to its heavy reliance on weak automotive electronics.
Not all regions fared equally. France, Belgium, the Netherlands, and Switzerland showed smaller 2024 declines. France and Switzerland even improved their order backlogs by +9.8% and +9.4%, respectively.
Inventories
All countries trimmed stockpiles, on average by -6.7%. Germany reduced by -12.1%, Austria by -10.5%.
2025 Half-Year Results
Compared with H2 2024, revenues improved slightly (+3.1%). But against H1 2024, all countries except France still posted year-on-year declines.
- Large EMS (>€50M turnover): -6.6% (H1 2025 vs H1 2024).
- Small EMS (<€50M): -12.7%.
Full-Year 2025 Outlook
On average, surveyed companies expect -2.1% versus 2024. The outlook diverges strongly by country:
- France: +11.3%
- Switzerland: +8.5%
- Belgium & Netherlands: +6.6%
- Austria: -5.4%
- Germany: -5.9% (weighing heavily, as it represents 51% of reported revenues).
Report & Event
The full report is distributed free to participants and in4ma supporters this week. Others may purchase it for €490 at www.in4ma.de
For more information, contact Dieter G. Weiss directly at [email protected]
A detailed presentation and discussion of the results will take place at the IPC EMS Seminar in Paris on 18 September 2025, jointly organized by the Global Electronics Association, IFTEC, and in4ma. Participation is free, with registration available at electronics.org/event/5th-ipc-day-ems-europe
