Global Electronics Contract Manufacturing Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronics Contract Manufacturing Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An electronic contract is an agreement between two or more parties to establish, change, or terminate a property-based civil rights and obligations in an electronic form through an electronic information network.

Market Overview:

The latest research study on the global Electronics Contract Manufacturing Services market finds that the global Electronics Contract Manufacturing Services market reached a value of USD 494200.0 million in 2022. It’s expected that the market will achieve USD 655440.0 million by 2028, exhibiting a CAGR of 4.82% during the forecast period.

Opportunities

Increase research and development, improve the supply chain system, continuous innovation, improve technology, improve product quality, high performance products and services will be the future trend of development.

The industry will keep on increasing concentration, there will be more industry consolidation and reshuffle.

Expending new business from the phone, notes, computer, tablet, etc. to the server, IoT smart speaker, wearable devices, VR and so on.

The competition in the mobile EMS field focuses on the comprehensive capabilities of vendors, such as finance, R&D, supply chain, business and platform support and integration capabilities; Smart speaker focuses on the AI acoustics technology, IoT Fields is communication and chip modules, while wearable devices and VR are depending on the future development of the products. With the fierce competition, some of the EMS may seek for a transformation, to new business field as above or try to develop their own brand.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Hon Hai Precision Industry Co., Ltd. is one of the major players operating in the Electronics Contract Manufacturing Services market, holding a share of 44.83% in 2019.

Hon Hai Precision Industry Co., Ltd., through its subsidiaries, provides integrated electronics manufacturing services. It primarily engages in the manufacture, sale, and servicing of connectors, telecommunication and computer cases, thermal modules, wired/wireless communication products, optical products, power supply modules, and assemblies for use in the information technology, communications, automotive equipment, precision molding, automobile, and consumer electronics industries.

Pegatron Corporation, together with its subsidiaries, engages in designing, manufacturing, and selling computer, communication, and consumer electronic products worldwide. It offers computing products, such as notebook and desktop PCs, motherboards, VGA cards, mobile Internet devices, rugged computers, and servers; consumer electronics, including tablets, game consoles, and LCD TVs; and communication products, which include cable modems, set-top boxes, smartphones, network switches, and routers.

Segmentation Overview:

Among different product types, Electronic Manufacturing segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the IT & Telecommunications segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electronics Contract Manufacturing Services market covered in Chapter 3:

New Kinpo Group
UMC Electronics Co., Ltd.
Shenzhen Kaifa Technology Co., Ltd.
Plexus Corp.
Universal Scientific Industrial (Shanghai) Co., Ltd.
Jabil Inc.
SIIX
Pegatron Corporation
Hon Hai Precision Industry Co., Ltd.
Celestica Inc.
Flex Ltd.
Sanmina Corporation
Zollner Elektronik Group
Benchmark Electronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronics Contract Manufacturing Services market from 2018 to 2029 is primarily split into:

Electronic Design & Engineering
Electronics Assembly
Electronic Manufacturing

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronics Contract Manufacturing Services market from 2018 to 2029 covers:

Consumer Electronics
Automotive
Industrial
Aerospace & Defense
IT & Telecommunications
Power & Energy

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)