The global electronic contract manufacturing and design services market size is expected to be worth around US$ 850.9 billion by 2030, according to a new report by Vision Research Reports.
The global electronic contract manufacturing and design services market size was valued at US$ 420.0 billion in 2020 and is anticipated to grow at a CAGR of 11.5% during forecast period 2021 to 2030.
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|Market Size||US$ 850.9 Bn by 2030|
|Growth Rate||CAGR of 11.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Service, end use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Hon Hai Precision Industry Co., Ltd.; Flextronics International, Ltd.; Jabil Circuit, Inc.; Sanmina Corporation; Venture Corporation; and Benchmark Electronics, Inc.|
The electronics industry is highly competitive in nature owing to the increasing complexity of electronic products and rising pressure on OEMs for reducing costs. Moreover, decreased product lifecycles have upped the demand for better contract manufacturing capabilities and related services. To achieve the same, OEMs are seeking support from contract manufacturers, which in turn, is driving the market over the forecast period.
The growing functionalities, such as component assembly, engineering, and design of printed circuit boards, sub-assembly manufacturing, and functional testing offered by contract manufacturers, are subsequently expected to drive the market over the forecast period. Electronic contract manufacturing is a form of engineering and manufacturing outsourcing services that provides a wide range of core manufacturing capabilities.
Hon Hai Precision Industry Co., Ltd.; Flextronics International, Ltd.; Jabil Circuit, Inc.; Sanmina Corporation; Venture Corporation; and Benchmark Electronics, Inc.
- By Service
- Electronic design & engineering
- Electronics assembly
- Electronic manufacturing
- By End-Use
- Aerospace & Defense
- IT & Telecom
- Power & Energy
- Consumer Electronics
- North America
- Asia Pacific
- South America
- Middle East & Africa
- North America
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