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

Key Developments

• In February 2022, Compal Electronics, Inc., a leading manufacturer of computer and smart devices, announced the acquisition of a 65% stake in Poindus System Corporation, a hardware manufacturer specializing in Point-of-Sale (POS) systems. This strategic move aims to enhance Compal's product portfolio and expand its market presence in the industrial computing sector.
• In March 2021, Plexus Corp., a global leader in complex product design and manufacturing services, announced the groundbreaking of its new manufacturing facility in Bangkok, Thailand. The facility, spanning 400,000 square feet, is designed to significantly increase the company's production capacity and support its growth initiatives in the Asia Pacific region.
• In November 2020, Syrma SGS Technology, a leading provider of electronic design and manufacturing services for global and domestic OEMs, announced its merger with SGS Tekniks. The primary objective of this strategic merger was to leverage the combined strengths of both companies to create advanced RFID technology, power electronics, and custom magnetics for a wide range of industries, including automotive, computing, medical, power, and telecom.
• In August 2020, Creation Technologies, a leading global provider of end-to-end electronics product lifecycle solutions, announced plans to significantly expand its manufacturing capacity in Hermosillo, Mexico. The new 205,000 square foot facility, combined with the company's existing operations in Mexicali, will bring Creation's total manufacturing space in Mexico to 330,000 square feet. The expansion aims to support the growing demand for Creation's services in the Aerospace & Defense, Medical, and Tech Industrial markets.