The global electronic contract manufacturing market is growing at a considerable CAGR of around 9.2% during the forecast period. The major factors that drive the growth of the market include, Increasing use of electronics in various industries such as automotive, consumer electronics, healthcare and other industries for the performance of the overall driving experience. Additionally, in the healthcare sector due to the increasing demand for medical devices. The increasing demand in the consumer electronics sector and the proliferation of mobile devices, such as tablets, and smartphones are some of the factors that fuel the market growth. Additionally, The automotive industry is rapidly increasing its use of electronics to enhance the overall driving capability. In May 2020 – NEOTech Inc announced that it started providing product engineering services and electronic manufacturing solutions to help customers meet the demand for UV light sanitation systems.
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The global electronic contract manufacturing market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 affecting the production, and demand of electronic products. The effects of the COVID-19 shutdown saw the market for subcontracting fall in the second quarter of 2020, but this market is showing signs of recovery in the third quarter of 2020. The market will witness “W” shape recovery in near future owing to the restart of key industries in major economies. A major portion of the recovery in the electronic contract manufacturing industry is attributed to the Chinese automobile. Additionally, Celestica Inc and AirBoss defense group enlists made Air Purifying Respirator Components to support frontline workers treating COVID-19.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electronic Contract Manufacturing Market, By Services
- Electronic Design & Engineering
- Electronics Assembly
- Electronic Manufacturing
- Others
Global Electronic Contract Manufacturing Market, By End-Users
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defence
- IT& Telecommunications
- Power & Energy
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- American NEO Tech.
- AsteelFlash Group
- ASUSTek Computer Inc.
- Benchmark Electronics Inc.
- BenQ Corp.
- BeyoNICs Technology
- Canada Creation Technologies
- Celestica Inc.
- Elcoteq SE
- Flextronics International Ltd.
- Hana Microelectronics
- Hong Kong WKK Technology Ltd.
- Foxconn Technology Group
- Inventec Corp.
- IPV Tech
- Jabil Inc.
- Kimball Electronics Group
- Nam Tai Electronics
- New Kinpo Group
- Neways Electronics International N.V.
- Orient Semiconductor Electronics
- Pemstar
- Plexus
- Quanta Computer Inc.
- Sanmina Corp.
- Shenzhen Kaifa Technology Co.,Ltd.
- Sumitronics Corp.
- UMC Electronics Co., Ltd
- Universal Scientific Industrial Co. Ltd.
- Viasystems Group
- Wistron Corp.
- Zollner Elektronik AG
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global electronic contract manufacturing market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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