Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Electronic Contract Manufacturing Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Contract Manufacturing Services. This report contains market size and forecasts of Electronic Contract Manufacturing Services in global, including the following market information:
Global Electronic Contract Manufacturing Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Electronic Contract Manufacturing Services market was valued at US$ 496750 million in 2022 and is projected to reach US$ 738020 million by 2029, at a CAGR of 5.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Electronic Contract Manufacturing Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electronic Contract Manufacturing Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Electronic Contract Manufacturing Services Market Segment Percentages, by Type, 2022 (%)
PCB Assembly Manufacturers
System Assembly Manufacturers
Design and Build Manufacturers
Global Electronic Contract Manufacturing Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Electronic Contract Manufacturing Services Market Segment Percentages, by Application, 2022 (%)
Electronics Components
Consumer Electronics
Industrial Electronics
Computers & Peripherals
Others
Global Electronic Contract Manufacturing Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Electronic Contract Manufacturing Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Electronic Contract Manufacturing Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Electronic Contract Manufacturing Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electronic Contract Manufacturing Services, market overview.
Chapter 2: Global Electronic Contract Manufacturing Services market size in revenue.
Chapter 3: Detailed analysis of Electronic Contract Manufacturing Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electronic Contract Manufacturing Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
