ELECTRONIC CONTRACT MANUFACTURING AND DESIGN SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Rising trend of outsourcing manufacturing and design services

The business landscape prioritizes flexibility and nimbleness over maintaining expanded in-house capabilities. Growing complexities in electronics combined with shorter product life cycles have made it increasingly difficult for many organizations to develop comprehensive expertise across the value chain on their own. At the same time, cost optimization remains a top priority. This leads to rise to outsourcing as a favored strategy for both manufacturing and design requirements.

Design services outsourcing allows enterprises to leverage the technical skills of specialized design houses during the concept and development stages. Such providers help streamline the process with value engineering while also proposing innovative ideas. These take complete responsibility for design verification and compliance with quality and regulatory standards. This enables OEMs to stay laser-focused on their core competencies. On similar lines, electronic manufacturing services providers are emerging as single-point partners to produce finished goods as well as perform various processes like assembly, testing, and fulfillment.

The expertise, infrastructure and process maturity of EMS companies have convinced many small businesses and big brands alike about the commercial as well as operational advantages of outsourcing. These guarantee on-time delivery while absorbing demand fluctuations with relative ease. The increased risk-taking ability, costs savings through economies of scale and speed to market aided by global supply chains are hard to achieve in-house. Outsourcing drives workflow optimization through continuous improvement initiatives by service providers. These factors drives the rising trend of outsourcing manufacturing and design engagements worldwide. Established EMS providers are expanding their technical skills and delivery footprint to capture a larger share of this outsourcing wave.

• Asteelflash
• Benchmark Electronics, Inc.
• Celestica Inc.
• Compal Electronics, Inc.
• Delta Group
• Fabrinet
• Flex Ltd.
• Foxconn Technology Group
• Inventec Corporation
• Jabil Inc.
• Kimball Electronics, Inc.
• LACROIX - Electronics
• New Kinpo Group
• Plexus Corp.
• Sanmina Corporation