The global demand for Electronic Contract Manufacturing Services Market is presumed to reach the market size of nearly USD 1163.29 BN by 2028 from USD 578.3 BN in 2021 with a CAGR of 10.5% under the study period 2022 - 2028.
Electronic contract manufacturing (ECM) services refers to a business model in which an original equipment manufacturer (OEM) outsources the task of manufacturing components or finished product to a contract manufacturer. The contract manufacturer produces the components according to the hiring firm's specifications. The various ECM services include product designing, prototype building, supply chain management, logistics and distribution and repair. An OEM may opt for any one of the services or all of it based on their requirement. It helps companies by dramatically reducing supply chain cost and eliminating the need for own internal manufacturing units. Manufacturers avail ECM services of high volume electronic products like computers, telecommunication hardware, cell phones and maker of automobiles, medical devices, instrumentation products, fiber optic components and LED lighting products.
Market Dynamics
Over the assessment period, the global electronic contract manufacturing services market is expected to rise significantly. The chief growth factor for the ECM market is increasing adoption of ECM services to optimize resources. Another key factor driving its market is growing demand for these services in various end-use industries such as electronics, IT, telecom, automobile and healthcare. Other essential factors positively impacting its market are accelerated demand for medical hardware and consumer electronics, Enhanced use of mobile devices like smartphones and tablets, and technical developments. Furthermore, increasing spending capacity of consumers and growing internet penetration across the globe is likely to propel the ECM services market. However, concerns related to product quality, production volume and cost control may pose as restraining factors for ECM services market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electronic contract manufacturing services. The growth and trends of electronic contract manufacturing services industry provide a holistic approach to this study.
Market Segmentation
This section of the electronic contract manufacturing services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- PCB Assembly Manufacturers
- System Assembly Manufacturers
- Design And Build Manufacturers
By Product Type
- Electronics Components
- Consumer Electronics
- Industrial Electronics
- Computers And Peripherals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electronic Contract Manufacturing Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electronic Contract Manufacturing Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic contract manufacturing services market 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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