About Electronics Manufacturing Outsourcing
Electric manufacturing outsourcing refers to the designing, testing, and manufacturing of electronic products for OEMs. The outsourcing service of electronic manufacturing is gaining much importance due to the increasing adoption of innovative electronic goods and reducing the operational cost of OEMs. Most of the electronic companies are outsourcing manufacturing services from countries that have low labor costs and terrific regulations. The high growth of electronic manufacturing outsourcing service providers in developing economies like China and India will create significant opportunities. Outsourcing manufacturing services allows business or an organization to free their internal staff and focus on other important tasks to successfully launch a new product.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronics Manufacturing Outsourcing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hon Hai Precision Industry Co., Ltd. (Taiwan), Versa Electronics (United States), Hemargroup (Switzerland), NAI Group (United States), Jabil Inc. (United States), Flex Ltd. (Singapore), Wistron (Taiwan), Sanmina Corporation (United States), New Kinpo Group (Taiwan), Celestica Inc. (Canada) and Plexus (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electronics Manufacturing Outsourcing market by and Region.
On the basis of geography, the market of Electronics Manufacturing Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-user, the sub-segment i.e. Consumer Electronics will boost the Electronics Manufacturing Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Offerings, the sub-segment i.e. Designing will boost the Electronics Manufacturing Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Use of Advanced Materials, Organic Electronics, and Miniaturization of Electronic Product and Devices
Market Growth Drivers:
Growing Preference Towards the Outsourcing of Electronic Manufacturing to Improve Performance and Reduce Asset and Operational Costs and Surging Demand for Electronic Products Worldwide Across the Various Industries
Challenges:
Lack of Quality Control and Language Barriers May Create Challenges
Restraints:
Ongoing Trade War Between China and US and High Tariffs Can Impact Outsourcing in Electronic Industry
Opportunities:
Increasing Adoption of Consumer Electronics and Innovative Technological Advancements Will Create Significant Opportunities
Market Leaders and their expansionary development strategies
In August 2021, Wistron signed a deal with Indian firm Optiemus Electronics to make mobile devices, IT hardware, and telecom products. Optiemus is a leading manufacturer of smartphones and Wistron is a Taiwanese original design manufacturer. The deal will allow to make products like smartphones and laptops at a cheaper cost and get incentives from the government.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Electronic Manufacturing Outsourcing Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.