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 - Trends, Analysis and Forecast till 2034

Electronic Contract Manufacturing and Design Services Market was valued at USD 614.4 Billion in 2024 and is projected to grow at a CAGR of 5.20% to reach USD 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.

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.

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:

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.

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:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

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.

• Foxconn Electronics Inc.
• FLEX LTD
• Celestica Inc.
• Kimball Electronics, Inc.
• Asteelflash Group
• Benchmark Electronics
• Venture Corporation Limited
• ACTIA Group
• Zollner Elektronik
• KeyTronicEMS