About Electronic Manufacturing Services
Electronic Contract Manufacturing (ECM) includes a variety of services that may include engineering design, PCB fabrication, subassembly manufacturing, turnkey or box builds, functional testing, distribution and order fulfillment on behalf of OEMs (Original Electronic Manufacturers). Electronic contract manufacturing can supplement or replace company-owned production processes. Many businesses may choose to outsource their legacy products to an Electronic Contract Manufacturer, allowing them to focus more on internal operations on newer, more sophisticated items with higher profits.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Electronic Contract Manufacturing Market is increasing. The industry is segmented, but it is predicted to grow as the increasing demand for electronics devices and the other factors drive the market forward. Industry Leaders are facing Stiff Competition from Sigma Tron International, SMTC, and Kimball Electronics. Companies are differentiating their products from the competition by employing innovative technology and advanced manufacturing techniques. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Electronic 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.
Hon Hai Precision Industry (Taiwan), Flex International Ltd (Singapore), Jabil (United States), Celestica (Canada), Sanmina (United States), Universal Scientific Industrial Co. Ltd (China), Venture Manufacturing (Singapore), Elcoteq (Luxembourg), Sumitronics (Japan) and SIIX (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Screvle (Belgium), Ventureoutsource (United States) and MacroFab (United States).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Manufacturing Services market by , Application (Consumer Electronics, Automotive, Aerospace & Defense, Medical & Healthcare, Industrial, Semiconductor Manufacturing, Robotics and Others) and Region.
On the basis of geography, the market of Electronic 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). If we see Market by End Users, the sub-segment i.e. Healthcare will boost the Electronic Manufacturing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stages, the sub-segment i.e. Agency Compliance Testing will boost the Electronic 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. Design will boost the Electronic Manufacturing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type- Manufacturing, the sub-segment i.e. Private Label will boost the Electronic Manufacturing Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Product Design Outsourcing and Develop Strategic Partnerships in Cloud-Based Platform
Market Growth Drivers:
Electronic Contract Manufacturing Reduces Supply Chain Costs and Increasing Demand from Electronics, Automobile, Medical Markets
Challenges:
Companies must Balance Internal and External Resources While Complying to International Guidelines and EMS firms will have to keep Evolving to keep up with Rapidly Changing Consumer Tastes and Preferences
Restraints:
Profits are being Driven down by Global Competition and New Developments and Production Fluctuates as a result of Economic Volatility and Cyclical Demand
Opportunities:
Companies that take a Green Approach and Care about their Global Footprint will have Significant Demand and The Growing Use of Mobile Device will Create More Opportunities for EMS Market
Market Leaders and their expansionary development strategies
In December 2020 Universal Scientific Industries released a statement stating the Acquisition of Asteelflash. The acquisition will enable USI to expand its overseas manufacturing sites and operational systems to satisfy market demand in Europe and the United States, giving it a competitive advantage in the growing new multipolar world, where the global supply chain is being restructured.
In October 2023, Siemens introduces its "Digital Enterprise Suite for Electronics," a comprehensive software platform enabling seamless integration of design, manufacturing, and supply chain processes.
Key Target Audience
Venture and Capitalist, Raw Materials Suppliers, New Entrants/Investors, Analysts and Strategic Business Partners and End-Use Industries
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.