Electronics Contract Manufacturing Services Market: Global Outlook 2022-2029

Electronics Contract Manufacturing Services Market was valued at US$ 452.44 Billion in 2021. The automotive is one of the segments reviewed in the MMR report dominating the global Electronics Contract Manufacturing Services market.

Electronics Contract Manufacturing Services Market Overview:

The rising functionalities, like element assembly, engineering, & design of PCBs, sub-assembly manufacturing, & functional testing offered by contract manufacturers, are subsequently expected to push the market during the forecast period. ECM is a type of engineering & manufacturing outsourcing facilities which delivers a wide range of core manufacturing abilities. Moreover, outsourcing of ancillary activities supports OEMs to emphasis on their core capabilities, which helps them to increase their active efficiencies, reduced production expenditures, & reduced fixed capital investment supplies. The ECM & design facilities model is determined by a contract manufacturer’s facility to focus in economies of rule in services, manufacturing design expertise, raw materials production, & pooling resources along with proposing value-added services like warranty & repairs. It permit OEMs to avoid having compound large-scale manufacturing operations. Furthermore, OEMs outsource their circuit assembly requests to decrease time-to-volume & time-to-market procurement through use of technology keys, design & engineering services, & manufacturing facilities by electronic contract manufacturing & design services providers. On account of these dynamics, the market is anticipated to gain traction during the forecast period.Electronics Contract Manufacturing Services MarketTo know about the Research Methodology :- Request Free Sample Report The production of mobile devices, like tablets & smartphones, has been the important propeller of the market during the past few years. The medical sector is expected to see a major development due to growing demand for medical devices. The production of medical devices needs advanced technology & strict controlling compliance. Thus, outsourcing such doings enables OEMs to increase speed of its Research & Development activities, & to decrease the cost of devices in order to gain good advantage, which is anticipated to spur market development. Additionally, automotive, & aerospace and defence are expected to see higher development as associated to technical segments like IT & Telecom & customer services. In spite of ECM & design services suppliers having many advantages in the manufacturing developments, contract manufacturing cannot always be the finest choice for the OEMs. Many a time, the administrators of the OEMs fail to comprehend that outsourcing the assembly methods can be more time-consuming & complicated than in-house services. Furthermore, keeping quality, cost control &, manufacturing volumes is anticipated to impede the manufacturing services delivered by ECM & design services contract suppliers. In the procedure of passing on the duty of manufacturing to the experts, the OEMs end up building the relationship with the contract manufacturers less lucrative.

Electronics Contract Manufacturing Services Market Service Overview:

Electronic manufacturing appeared as the leading facility group in the year 2021 & accounted for over 44 percent of the total revenue share. However, the electronic design and engineering segment is anticipated to see extraordinary growth during the forecast period owing to the surging inclination of OEMs towards outsourcing their designing supplies. The ECM & design services market is seeing an increase in the demand for electronic circuit boards due to its increasing importance in many electronic devices, like mobile phones & tablets. Original equipment manufacturers can design & test prototypes for new product development. Additionally, the facilities provided by suppliers enables less capital investment & progressive manufacturing methods to Original equipment manufacturers for new product growth. As, Original equipment manufacturers are gradually outsourcing their circuit assembly supplies to electronic contract manufacturing & design service providers, which considerably increases their profit limitations. Due to the aforementioned aspects the demand for electronic contract manufacturing & design services is expected to grow during the forecast period. Also, Original equipment manufacturers are progressively considering outsourcing their design & engineering to considerably reduce costs & increase flexibility. They are progressively capitalising in Research &Development activities & other planned initiatives to modernise their production developments in order to bear in the highly modest environment. However, application of progressive technologies by ECM & design services suppliers like 3D printing, AI for automation results in high-initial investment by Original equipment manufacturers. Also, the formation of in-house procurement is a key challenge tackled by popular of the producers due to this outsourcing is a better choice for Original equipment manufacturers to keep pace with rising modest environment.

Electronics Contract Manufacturing Services Market End-Use Overview:

The demand for ECM services is expected to raise due to rising requests through non-technical end-use sectors like healthcare, automotive, industrial, & aerospace and defence. The low penetration of ECM & design services in these sectors is making higher opportunities for contract producers to found a strong position in the sectors. The IT & telecom sector occurred as the major end-use sector & accounted for over 47 percent of the entire market revenue in the year 2021. However, growing outsourcing styles in many technical & non-technical sectors are expected to spur their market shares during the forecast period. Also, the increase in demand for EVs has raised the need to outsource their electronic element manufacturing, thereby encouraging the market for ECM & design services in the automotive segment. The healthcare sector is expected to see a major growth due to increase in demand for medical devices. These comprise computed tomography scanner assemblies, blood analysers, and many more. The rising necessity to enhance resources, low fixed capital investment, & enhanced product development occurred as significant factors donating towards the market for ECM & design services through numerous end-use industries like medical, automotive, aerospace and defence etc.

Electronics Contract Manufacturing Services Market Regional Overview:

The APAC is anticipated to show the maximum development followed by North America, which is expected to the increase of outsourcing actions in these areas. The APAC held the major market share in the year 2021 & is projected to endure the fastest rising sector during the forecast period. Moreover, China hold for more than thirty three percent share in the region & grips a leading position in electronics manufacturing. The mass availability of raw materials and low-cost labor are the key drivers anticipated to favor the development of the market for ECM & design services. Also, the market development in North America is mainly compelled by the medical & automotive businesses. The medical sector is a high mix-low volume segment, which proposals higher income margins to ECM & design services companies in this region. Numerous Research & Development centers & medical organisations are situated in North America which work on progressive & portable diagnostic products, which they proposal to source through contract producers. All these influences are cumulatively anticipated to spur the market for ECM & design facilities in North America during the forecast period. The objective of the report is to present a comprehensive analysis of the Electronics Contract Manufacturing Services Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Electronics Contract Manufacturing Services Market dynamics, structure by analyzing the Market segments and project the Electronics Contract Manufacturing Services Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Electronics Contract Manufacturing Services Market make the report investor’s guide.

Electronic Contract Manufacturing Services Market Scope: Inquiry Before Buying

Electronic Contract Manufacturing Services Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2021-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 452.44 Bn.
Forecast Period 2021 to 2029 CAGR: 8.5% Market Size in 2029: US$ 868.96 Bn.
Segments Covered: by Product Type • Electronic Design and Engineering • Electronics Assembly • Electronic Manufacturing
by End-Use • Healthcare • Automotive • Industrial • IT & Telecom • Power & Energy • Consumer Electronics • Aerospace & Defence • Others

Electronic Contract Manufacturing Services Market, by region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Electronic Contract Manufacturing Services Market Key Players

• Benchmark Electronics, Inc. • Celestica, Inc. • Compal Electronics, Inc. • Creating Technologies LP • Fabrinet • Flextronics International, Ltd. • Hon Hai Precision Industry Co., Ltd. • Jabil Circuit, Inc. • Plexus Corporation • Sanmina Corporation • Venture Corporation Limited Frequently Asked Questions: 1. Which region has the largest share in Global Electronics Contract Manufacturing Services Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Electronics Contract Manufacturing Services Market? Ans: The Global Electronics Contract Manufacturing Services Market is growing at a CAGR of 8.5% during forecasting period 2022-2029. 3. What is scope of the Global Electronics Contract Manufacturing Services market report? Ans: Global Electronics Contract Manufacturing Services Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Electronics Contract Manufacturing Services market? Ans: The important key players in the Global Electronics Contract Manufacturing Services Market are – Benchmark Electronics, Inc., Celestica, Inc., Compal Electronics, Inc., Creating Technologies LP, Fabrinet, Flextronics International, Ltd., Hon Hai Precision Industry Co., Ltd., Jabil Circuit, Inc., Plexus Corporation, Sanmina Corporation, and Venture Corporation Limited 5. What is the study period of this market? Ans: The Global Electronics Contract Manufacturing Services Market is studied from 2021 to 2029.  
1. Electronic Contract Manufacturing Services Market: Research Methodology 2. Electronic Contract Manufacturing Services Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Electronic Contract Manufacturing Services Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Electronic Contract Manufacturing Services Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Electronic Contract Manufacturing Services Market Segmentation 4.1. Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) • Electronic Design and Engineering • Electronics Assembly • Electronic Manufacturing 4.2. Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) • Healthcare • Automotive • Industrial • IT & Telecom • Power & Energy • Consumer Electronics • Aerospace & Defense • Others 5. North America Electronic Contract Manufacturing Services Market(2021-2029) 5.1. Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) • Electronic Design and Engineering • Electronics Assembly • Electronic Manufacturing 5.2. Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) • Healthcare • Automotive • Industrial • IT & Telecom • Power & Energy • Consumer Electronics • Aerospace & Defense • Others 5.3. North America Electronic Contract Manufacturing Services Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Electronic Contract Manufacturing Services Market (2021-2029) 6.1. European Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) 6.2. European Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) 6.3. European Electronic Contract Manufacturing Services Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Electronic Contract Manufacturing Services Market (2021-2029) 7.1. Asia Pacific Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) 7.2. Asia Pacific Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) 7.3. Asia Pacific Electronic Contract Manufacturing Services Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Electronic Contract Manufacturing Services Market (2021-2029) 8.1. Middle East and Africa Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) 8.2. Middle East and Africa Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) 8.3. Middle East and Africa Electronic Contract Manufacturing Services Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Electronic Contract Manufacturing Services Market (2021-2029) 9.1. Latin America Electronic Contract Manufacturing Services Market, by Product Type (2021-2029) 9.2. Latin America Electronic Contract Manufacturing Services Market, by End-Use (2021-2029) 9.3. Latin America Electronic Contract Manufacturing Services Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Benchmark Electronics, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Celestica, Inc. 10.3. Compal Electronics, Inc. 10.4. Creating Technologies LP 10.5. Fabrinet 10.6. Flextronics International, Ltd. 10.7. Hon Hai Precision Industry Co., Ltd. 10.8. Jabil Circuit, Inc. 10.9. Plexus Corporation 10.10. Sanmina Corporation 10.11. Venture Corporation Limited. 10.12. Others
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