ELECTRONIC CONTRACT MANUFACTURING AND DESIGN SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Electronic contract manufacturing refers to outsourcing the manufacturing of electronic components and outsourcing to original equipment manufacturers (OEMs). Contract design services include product design and development services for electronics and related industries. Rising complexity of electronics hardware and short product life cycles have compelled OEMs to focus on their core competencies and outsource manufacturing and design aspects. This has boosted demand for capable electronic contract manufacturers and design service providers globally. Advancements in communication technologies have widened the scope for electronics integration across various industry verticals.
Market Dynamics:
Global electronic contract manufacturing and design services market growth is driven by factors like growing need to reduce manufacturing costs and focus on core business competencies among OEMs. Short product life cycles and rapid changes in consumer preferences necessitate outsourcing of non-core manufacturing and design activities. Significant focus on research and development of advanced electronics boosts outsourcing of product design aspects. Meanwhile, price wars among contract manufacturers to cater large outsourcing orders can offer growth opportunity. However, logistical challenges in managing global operations and supply chains can hamper the market growth. Intellectual property risks associated with outsourcing design activities can also hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global electronic contract manufacturing and design services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global electronic contract manufacturing and design services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include 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., and Sanmina Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global electronic contract manufacturing and design services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electronic contract manufacturing and design services market
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 28 figures on ' Electronic Contract Manufacturing and Design Services Market' - Global forecast to 2031
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