About Electronic Contract Manufacturing Services
The growing functionalities, such as component assembly, engineering, and design of printed circuit boards, sub-assembly manufacturing, and functional testing offered by contract manufacturers is helping to boost the global Electronics Contract Manufacturing Services market in the forecasted period. Electronic contract manufacturing is a form of engineering and manufacturing outsourcing services that provides a wide range of core manufacturing capabilities.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The market operates in a highly competitive environment particularly, the players located in Taiwan and China are providing very economical subcontracted services for manufacturing. The current major focus of these vendors is to support and promote green technologies in their manufacturing processes. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic Contract Manufacturing Services 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.
Hai Precision Industry (Foxconn) (Taiwan), Jabil Circuit (United States), Sanmina-SCI (United States), Celestica (Canada), New Kinpo Group (Taiwan), Shenzhen Kaifa Technology (China), Elcoteq (Finland) and Benchmark Electronics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Universal Scientific Industrial Co Ltd (China) and SIIX (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Contract Manufacturing Services market by Type (Design Services, Manufacturing Services and Testing and Quality Assurance), Application (Electronics Components, Consumer Electronics, Industrial Electronics, Computers & Peripherals and Others) and Region.
On the basis of geography, the market of Electronic Contract Manufacturing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Use, the sub-segment i.e. Healthcare will boost the Electronic Contract Manufacturing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Electronic design & engineering will boost the Electronic Contract Manufacturing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing demand due to OEMs outsource their circuit assembly requests to reduce time-to-volume and time-to-market production through the utilization of technology solutions
Market Growth Drivers:
The High Demand due to It allow OEMs to avoid having tedious or complex large-scale industrial operations
Challenges:
plaguing electronics manufacturers is the high cost of components.
Restraints:
The increasing concern related to the Electronic Contract Manufacturing Services
Opportunities:
The increasing adoption due to the ability to Cater several Customers At Once and Growing demand for Supply Chain Management Services and Rework Services
Market Leaders and their expansionary development strategies
In Feb 2021 VVDN Technologies, a premier product engineering and manufacturing company, today announced to take a huge leap in electronics manufacturing services including CKD Manufacturing in India in the domains of 5G, Wi-Fi, Camera & Vision, and IoT in 2021. This announcement builds on VVDN’s ongoing commitment to doing engineering and manufacturing for a diverse innovative solution for OEMs and product companies globally.
Key Target Audience
Regulatory & Government Bodies, End Users, Research Institutes, Downstream Vendors 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.