Global Electronic Contract Manufacturing and Design Services Market was valued at US$ 375 Bn in 2019 and is expected to reach US$ 665.32 Bn by 2026, at a CAGR of 7.43% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Electronic Contract Manufacturing and Design Services Market Dynamics
The electronic contract manufacturing and design services concentrate primarily on technologies and sub-technologies such as computers, consumer devices, networking, servers and storage, telecommunications, and peripherals.
The key factor driving the growth of the electronic contract manufacturing and design services market is essential for resource optimization. Moreover, enhancement in consumer purchasing power, increasing need for consumer electronics, several technological advancements, and growing internet penetration are boosting the market growth. The proliferation of mobile devices such as smartphones and tablets have been the main propeller of the electronic contract manufacturing and design services market during the last few years.
Moreover, variation in buyer preferences and the rising need for wireless technology are estimated to impact the electronic contract manufacturing and design services market. In-house manufacturing and obsolescence of technology are key challenges to the growth of the market.
Global Electronic Contract Manufacturing and Design Services Market Segment Analysis
Electronic manufacturing is the leading service segment during the forecast period. However, the design & engineering segment is expected to witness high growth over the forecast period owing to the surging inclination of OEMs toward outsourcing their designing demands. Many OEMs are progressively outsourcing their circuit assembly requests to EMS service providers, which significantly increases their profit margins.
Global Electronic Contract Manufacturing and Design Services Market Regional Insights
The Asia Pacific is expected to the highest growing share market during the forecast period followed by North America owing to the increase in outsourcing activities in these regions. China has transformed into a leading source of electronics production. The low-cost labor and mass availability of raw materials are the major drivers for EMS in the Asia Pacific.
Global Electronic Contract Manufacturing and Design Services Market, Key Highlights:
• Global Electronic Contract Manufacturing and Design Services Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Electronic Contract Manufacturing and Design Services Market
• Global Electronic Contract Manufacturing and Design Services Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Electronic Contract Manufacturing and Design Services Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Electronic Contract Manufacturing and Design Services Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Electronic Contract Manufacturing and Design Services Market are also profiled.
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Scope of the Global Electronic Contract Manufacturing and Design Services Market
Global Electronic Contract Manufacturing and Design Services Market, by Service
• Design & Engineering
• Electronics Assembly
• Electronic manufacturing
Global Electronic Contract Manufacturing and Design Services Market, by End-Use
• Healthcare
• Automotive
• Aerospace
• Telecom
Global Electronic Contract Manufacturing and Design Services Market, by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Electronic Contract Manufacturing and Design Services Market Key Players
• Altadox, Inc.
• Benchmark Electronics, Inc.
• Celestica, Inc.
• Compal Electronics, Inc.
• Creating Technologies LP
• Flextronics International Ltd.,
• Celestica Inc.
• Fabrinet
• FLEX Ltd.
• Hon Hai Precision Industry Co., Ltd.
• Foxconn
• Jabil Circuit, Inc.
• Plexus Corporation
• Sanmina-SCI Corporation
• Venture Corporation Ltd
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