Global Electronic Contract Manufacturing Services Market Growth (Status and Outlook) 2023-2029

Global Electronic Contract Manufacturing Services Market Growth (Status and Outlook) 2023-2029

Electronic contract manufacturing services is a form of outsourcing that provides wide range of core manufacturing capabilities. Electronic contract manufacturing services providing companies are basically manufacturers that contracts with the organizations to manufacture electronic products on behalf of them. In contract manufacturing business, the hiring firm approaches the electronic contract manufacturers with design and specification requirements. The contract manufactures would quote material costs, tooling, labor, and other processes according to the companies design and specification requirements.

LPI (LP Information)' newest research report, the “Electronic Contract Manufacturing Services Industry Forecast” looks at past sales and reviews total world Electronic Contract Manufacturing Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Electronic Contract Manufacturing Services sales for 2023 through 2029. With Electronic Contract Manufacturing Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Contract Manufacturing Services industry.

This Insight Report provides a comprehensive analysis of the global Electronic Contract Manufacturing Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Contract Manufacturing Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electronic Contract Manufacturing Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Contract Manufacturing Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Contract Manufacturing Services.

The global Electronic Contract Manufacturing Services market size is projected to grow from US$ 472270 million in 2022 to US$ 724650 million in 2029; it is expected to grow at a CAGR of 6.3% from 2023 to 2029.

The key drivers for the growth of electronics contract manufacturing services market includes economies of scale, advanced skills and focus on core competencies. Contract companies take multiple contracts from multiple customers. Servicing multiple customers at the same time helps them to procure large quantity of raw materials at lower prices. Furthermore, companies can take advantages of the skills possessed by the contract manufacturers that the hirer companies do not have, to manufacture the electronic goods. Contract manufacturing also helps expansion of businesses in new markets. Despite several advantages of contract manufacturing there are certain major challenges faced by the hirer organization. This challenges include intellectual property loss, quality concerns and lack of control over production. While entering into contract, a company reveals their formulas or technologies to the contract manufacturers that can lead to loss of pivotal information. Moreover the company has to rely on contract manufacturer’s suppliers for quality raw materials as well as the company lose their significant control over their product.

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Contract Manufacturing Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
PCB Assembly Manufacturers
System Assembly Manufacturers
Design and Build Manufacturers

Segmentation by application
Electronics Components
Consumer Electronics
Industrial Electronics
Computers & Peripherals
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hon Hai Precision Industry (Foxconn)
Flextronics International Ltd.
Jabil Circuit
Celestica
Sanmina-SCI
New Kinpo Group
Plexus
Shenzhen Kaifa Technology
Venture
Benchmark Electronics
Elcoteq
Universal Scientific Industrial Co Ltd.
SIIX
Zollner Elektronik
Beyonics Technology

Please note: The report will take approximately 2 business days to prepare and deliver.