The global electronic contract manufacturing services market was valued at USD 473.8 billion in 2020 and is expected to grow at a CAGR of 9.1% over the forecast period. Electronic contract manufacturing (ECM) is a kind of engineering and manufacturing outsourcing service that offers a diverse set of basic manufacturing skills. Furthermore, outsourcing auxiliary operations allows OEMs to concentrate on their core strengths, resulting in increased operational efficiency, lower manufacturing costs, and lower fixed capital investment needs.
Adroit Market Research report on global electronic contract manufacturing services market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities, and challenges. The market has been studied for the period 2018 to 2028, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and company positioning based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global electronic contract manufacturing services market have been studied in detail.
Asia Pacific currently holds the largest share in electronic contract manufacturing services market owing to the presence of significant number of major players across the region along with growing investments by the established firms. Furthermore, Asia Pacific is going to record growth at a faster pace on account of growing market across China, the country currently accounts for over 30% market in the Asia Pacific electronic contract manufacturing services market.
The prominent players operating in global electronic contract manufacturing services market includes Hon Flextronics International Ltd, Hai Precision Industry (Foxconn), Jabil Circuit, Sanmina-SCI, Celestica, New Kinpo Group, Shenzhen Kaifa Technology, Plexus, Venture, Elcoteq, Benchmark Electronics, Universal Scientific Industrial Co Ltd, Zollner Elektronik, SIIX, and Beyonics Technology among other prominent players.
Key segments of the global electronic contract manufacturing services market
Services Overview, 2018-2028 (USD Billion)
- Electronic Design & Engineering
- Electronics Assembly
- Electronic Manufacturing
End-Use Overview, 2018-2028 (USD Billion)
- Aerospace & Defense
- IT & Telecom
- Power & Energy
- Consumer electronics
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Central and South America
- Rest of Central and South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa