Electronic contract Manufacturing Services Market Projected to Witness High Growth across non-technical segments | Celestica, SCI Technology, Inc., New Kinpo Group, Plexus Corp., Shenzhen Kaifa Technology Co.,Ltd, Benchmark Electronics, Elcoteq

Electronic Contract Manufacturing Services Market growing functionalities, such as component assembly, engineering & design of printed circuit boards, sub-assembly manufacturing, and functional testing offered by contract manufacturers, are subsequently expected to drive the contract manufacturing services market growth over the forecast period.

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.

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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 challenge includes 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.

Report Highlights:

• The report provides a detailed analysis on current and future market trends to identify the investment opportunities
• Market forecasts till 2025, using estimated market values as the base numbers
• Key market trends across the business segments, Regions and Countries
• Key developments and strategies observed in the market
• Market Dynamics such as Drivers, Restraints, Opportunities and other trends
• In-depth company profiles of key players and upcoming prominent players
• Growth prospects among the emerging nations through 2025
• Market opportunities and recommendations for new investments

The key players covered in this study

• 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

Market segment by Type, the product can be split into

• PCB Assembly Manufacturers
• System Assembly Manufacturers
• Design and Build Manufacturers

Market segment by Application, split into

• Electronics Components
• Consumer Electronics
• Industrial Electronics
• Computers & Peripherals
• Others

Market segment by Regions/Countries, this report covers

• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

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Key Finding:

• The global electronic contract manufacturing services and design market is expected to witness a CAGR exceeding 7% from 2019 to 2025, owing to the rising need for resource optimization
• Electronics manufacturing services accounted for the highest market share in 2018; however, electronics design & engineering services are projected to witness high growth over the forecast period
• Electronic contract manufacturing services in the IT & telecom segment held the highest revenue in 2018. However, non-technical segments, such as healthcare, automotive, and aerospace & defense, are expected to witness noteworthy growth over the forecast period, owing to the rising outsourcing trends in these industries
• The Asia Pacific region accounted over 40% of the overall revenue share in 2016 and is expected to dominate the market over the forecast period
• Hon Hai Precision Industry, Flextronics International Ltd., Jabil Circuit, Celestica, Sanmina-SCI, New Kinpo Group, Plexus, Shenzhen Kaifa Technology, Venture, Benchmark , lectronics, Elcoteq, Universal Scientific Industrial Co Ltd., SIIX, Zollner Elektronik, Beyonics Technology among others were a few key players that captured a significant market share in 2018

What Our Report Offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Electronic Contract Manufacturing Services Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Electronic Contract Manufacturing Services Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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