Global Electronic Contract Manufacturing And Design Services Market Overview
Electronic Contract Manufacturing and Design Services Market was valued at US$ 614.4 Billion in 2024 and is projected to grow at a CAGR of 5.20% to reach US$ 973.3 Billion by 2034.
Electronics manufacturing services (EMS) is a group of precise activities which are used by the companies involved in component designing, manufacturing, testing, and providing return/fix facilities for electronic parts and congregations for OEMs. The terms is as electronics contract manufacturing (ECM). Furthermore, outsourcing of ancillary activities helps OEMs to focus on their core competencies, which supports them to reduced production costs, improve their operational efficiencies, and reduced fixed capital investment requirements.
Global Electronic Contract Manufacturing And Design Services Market Dynamics
Increasing demand of EMS from various end users
OEMs are gaining support from electronic contract manufacturing firms. These OEMs authorize electronic manufacturing contract firms to take benefit from their supply chain management, design expertise, and industrialized capabilities. This helps the OEMs to reduce costs, leverage resources, access prominent manufacturing technologies, as well as decrease fixed capital investments and fulfil the demand of electronic contract manufacturing services. Additionally, electronic contract manufacturing also has advantage in retaining in-house actions and regulate responsibilities including, product cost management, quality assurance, network solutions integration, order management, customer service, customer interactions, and launch of new products. These factors are widely responsible for driving the global electronic contract manufacturing and design services market growth over the forecast period.
Growing concern related with the quality of the manufacturing product
Obsolescence of technology and in-house manufacturing are major challenges faced by the electronic contract manufacturing and design services market, thus hampering its growth globally.
Global Electronic Contract Manufacturing And Design Services Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The global electronic contract manufacturing and design services market is segmented based on services, type, end-user, and region.
On the basis of services, the global electronic contract manufacturing and design services market is segmented into electronic design & engineering, electronics assembly, electronic manufacturing, and others. Based on type, the global market is classified into designing, assembly, and manufacturing. Based on end-user, the global market is classified into healthcare, automotive, industrial, and aerospace & defense, it & telecom, power & energy, consumer electronics, and others
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the global electronic contract manufacturing and design services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to witness the highest growth followed by North America, which is expected to grow the outsourcing activities in these regions. In 2019, Asia Pacific held the largest market share and is projected to maintain the fastest growing segment in the coming years. Presence of raw materials and low-cost labor are the major factors projected to drive the growth of the market for electronic contract manufacturing and design services. Furthermore, the North America market growth is majorly strengthen by the medical and automotive industries.
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Services- 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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the global electronic contract manufacturing and design services market report based on services, type, end-user, and region.
Global Electronic Contract Manufacturing and Design Services Market, By Service:
- Electronic Design & Engineering
- Electronics Assembly
- Electronic Manufacturing
- Others
Global Electronic Contract Manufacturing and Design Services Market, By Type:
- Designing
- Assembly
- Manufacturing
Global Electronic Contract Manufacturing and Design Services Market, By End-user:
- Healthcare
- Automotive
- Industrial
- Aerospace & Defense
- IT & Telecom
- Power & Energy
- Consumer Electronics
- Others
Global Electronic Contract Manufacturing and Design Services Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Electronic Contract Manufacturing And Design Services Market Key Players
The key players operating the global 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. Key players in the emerging economies are dealing with low-cost, outsourced services to the designing and production sectors. Due to economical subcontracted services for manufacturing has gained increased competition between the key players. Furthermore, the major working players are investing in R&D in order to provide better outsourcing services. In addition, major companies are focusing on enhancing their operational efficiency and supply chain to obtain a competitive edge in the market.
Global Electronic Contract Manufacturing And Design Services Market Company Profile
- Foxconn Electronics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- FLEX LTD
- Celestica Inc.
- Kimball Electronics, Inc.
- Asteelflash Group
- Benchmark Electronics
- Venture Corporation Limited
- ACTIA Group
- Zollner Elektronik
- KeyTronicEMS
“*” marked represents similar segmentation in other categories in the respective section
Global Electronic Contract Manufacturing And Design Services Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Electronic Contract Manufacturing and Design Services Strategies
- Key Questions this Study will Answer
- Market Snippet, By Service
- Market Snippet, By Type
- Market Snippet, By End-user
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Electronic Contract Manufacturing and Design Services Market, By Service, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Electronic Design & Engineering
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Electronics Assembly
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Electronic Manufacturing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Electronic Contract Manufacturing and Design Services Market, By Type, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Designing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Assembly
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Manufacturing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Electronic Contract Manufacturing and Design Services Market, By End-user, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Industrial
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Aerospace & Defense
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- IT & Telecom
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Power & Energy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Consumer Electronics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Global Electronic Contract Manufacturing and Design Services Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-user, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-user, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-user, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-user, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-user, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Foxconn Electronics Inc.
- Company Overview
- Service Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- FLEX LTD
- Celestica Inc.
- Kimball Electronics, Inc.
- Asteelflash Group
- Benchmark Electronics
- Venture Corporation Limited
- ACTIA Group
- Zollner Elektronik
- KeyTronicEMS
- Dabble Extracts
- Foxconn Electronics Inc.
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The electronic contract manufacturing and design services market report is segmented into services, type, end-user, and region.
Factors driving market growth include the increasing demand for customized electronic products, cost-effectiveness, and the focus of companies on core competencies, outsourcing manufacturing and design services.
Global restraints may involve concerns about intellectual property protection, challenges in maintaining quality control, and geopolitical uncertainties impacting the global supply chain.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the Electronic Contract Manufacturing and Design Services Market, exhibiting a significantly high revenue share over the forecast period
The key players operating in the electronics manufacturing services industry include FLEX LTD, Celestica Inc., Kimball Electronics, Inc., Asteelflash Group, Benchmark Electronics, Venture Corporation Limited, ACTIA Group, Zollner Elektronik, KeyTronicEMS, and Foxconn Electronics Inc.