Electronic Contract Manufacturing and Design Services Market is estimated to be US$ 1,336.7 billion by 2032; Growing adoption of Digital Technologies to Fuel Market Growth

Electronic Contract Manufacturing and Design Services are variety of services which includes, PCB fabrication, engineering design, box builds, subassembly manufacturing, distribution, functional testing and order fulfillment on behalf of Original Electronic Manufacturers.

Growing demand of Electronic Contract Manufacturing and Design Services from various Healthcare, Automotive, Industrial, Aerospace & Defense, IT & Telecom, Power & Energy, Consumer Electronics industries has contributed in target market growth. Further, presence of major key players and continuous development in technology is expected to increase the demand for Electronic Contract Manufacturing and Design Services market growth.

The report “Electronic Contract Manufacturing and Design Services Market, By Service (Electronic Design & Engineering, Electronics Assembly, Electronic Manufacturing, and Others), By Type (Designing, Assembly, and Manufacturing), By End- User (Healthcare, Automotive, Industrial, Aerospace & Defense, IT & Telecom, Power & Energy, Consumer Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

• In March 2022, (India) Reliance Industries acquired 50.1% in Sanmina SCI India for around $221 million (Rs 1,670 crore) to strenghthen its portfolio in electronics manufacturing industries. Remaining share of 49.9% will be continued by United States-listed Sanmia.
• In October 2018, Kimball Electronics, Inc. acquired GES Holdings, Inc. in order to expand them above EMS by using new capabilities and technologies to a multifaceted manufacturing solutions company. This will also help both the companies to meet the requirements and needs of the market and upsurge their customer reach.

Analyst View:

OEMs are gaining support from electronic contract manufacturing firms which helps them to reduce costs, leverage resources, access prominent manufacturing technologies, as well as decrease fixed capital investments which in turn, fruitful the demand for target market growth. Further, growing adoption of digital technologies such as tablets, smartphones is expected to boost the demand for Electronic Contract Manufacturing and Design Services market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Electronic Contract Manufacturing and Design Services Market, By Service (Electronic Design & Engineering, Electronics Assembly, Electronic Manufacturing, and Others), By Type (Designing, Assembly, and Manufacturing), By End- User (Healthcare, Automotive, Industrial, Aerospace & Defense, IT & Telecom, Power & Energy, Consumer Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Electronic Contract Manufacturing and Design Services Market accounted for US$ 614.4 Billion in 2024 and is estimated to be US$ 973.3 Billion by 2034 and is anticipated to register a CAGR of 5.20%. The Electronic Contract Manufacturing and Design Services Market is segmented based on Service, Type, End-User and Region.

• Based on Service, Electronic Contract Manufacturing and Design Services Market is segmented into Electronic Design & Engineering, Electronics Assembly, Electronic Manufacturing, and Others.
• Based on Type, Electronic Contract Manufacturing and Design Services Market is segmented into Designing, Assembly, and Manufacturing.
• Based on End-User, Electronic Contract Manufacturing and Design Services Market is segmented into Healthcare, Automotive, Industrial, Aerospace & Defense, IT & Telecom, Power & Energy, Consumer Electronics, and Others.
• By Region, the Electronic Contract Manufacturing and Design Services Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Electronic Contract Manufacturing and Design Services Market:

The prominent players operating in the Electronic Contract Manufacturing and Design Services Market includes, Foxconn Electronics Inc., FLEX LTD, Celestica Inc., Kimball Electronics, Inc., Asteelflash Group, Benchmark Electronics, Venture Corporation Limited, ACTIA Group, Zollner Elektronik, and KeyTronicEMS.

To know more

Contact Us:

Sales

Prophecy Market Insights

 U.S.  1 860 531 2574

RoW: 917775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com