View: Kaynes, Avalon poised for strong CAGR through FY27 on scale; Motilal Oswal sees over 20% upside each

India’s Electronics Manufacturing Services (EMS) sector is witnessing rapid growth, supported by a strong order pipeline, ongoing capacity additions, and improving global relevance.

The industry is expanding across segments, backed by rising work content, better execution visibility, and a gradual shift towards higher-margin categories like aerospace, industrial, automotive, and critical infrastructure.