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The global electronic contract manufacturing and design services market reached approximately USD 516.20 billion in 2023. The market is projected to grow at a CAGR of 9.9% between 2024 and 2032, reaching a value of around USD 1,207.25 billion by 2032.
Global Electronic Contract Manufacturing and Design Services Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 516.20 |
Market Size 2032 | USD Billion | 1,207.25 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 9.9% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 12.8% |
CAGR 2024-2032 - Market by Country | India | 14.7% |
CAGR 2024-2032 - Market by Country | China | 12.3% |
CAGR 2024-2032 - Market by Service Type | Design Services | 10.9% |
CAGR 2024-2032 - Market by Application | Consumer Electronics | 11.2% |
Market Share by Country 2023 | USA | XX% |
The global electronic contract manufacturing and design services market value is being increased by rising attempts by companies to reduce costs associated with outsourcing. Contract manufacturing and design services can reduce overall manufacturing costs, lower the need to store raw materials and eliminate the money associated with maintaining manufacturing facilities. Moreover, such services can remove the expense associated with employees.
The rising trend of digitisation is surging the demand for contract manufacturing and design services. Advancements in technologies like the Internet of things (IoT) and Industry 4.0 are expected to surge the demand for such services to enhance the efficiency of electronic manufacturing.
CAGR 2024-2032 - Market by | Service Type |
Design Services | 10.9% |
Assembly Services | 10.5% |
Manufacturing Services | 9.5% |
Others | 8.9% |
CAGR 2024-2032 - Market by | Application |
Consumer Electronics | 11.2% |
Automotive | 10.6% |
Industrial | 10.1% |
Healthcare | 9.5% |
Others | 8.9% |
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 12.8% |
Middle East and Africa | 10.7% |
Latin America | 9.4% |
North America | 8.2% |
Europe | 7.6% |
Based on the CAGR data from 2024-2032, the global market is expected to experience the highest growth in India, with a projected CAGR of 14.7%. This growth can be attributed to the rapid expansion of the electronics industry and favourable government initiatives promoting manufacturing.
China follows with a CAGR of 12.3%, driven by its well-established electronics manufacturing ecosystem and continuous innovation. Saudi Arabia ranks third at 11.2%, benefiting from diversification efforts in its economy and investments in technology. Brazil, Canada, and Mexico also show strong growth prospects at 10.8%, 9.3%, and 9.2% respectively, supported by increasing demand for electronic products and expanding manufacturing capabilities.
The electronic contract manufacturing and design services industry in the UK and Australia are set to grow at 9.0% and 8.7%, respectively, leveraging advanced technologies and skilled labour. The USA and Japan show moderate growth at 8.1% and 7.7%, while European countries like Germany, France, and Italy display steady growth rates, reflecting their mature markets and established industrial bases.
CAGR 2024-2032 - Market by | Country |
India | 14.7% |
China | 12.3% |
Saudi Arabia | 11.2% |
Brazil | 10.8% |
Canada | 9.3% |
Mexico | 9.2% |
UK | 9.0% |
Australia | 8.7% |
USA | 8.1% |
Japan | 7.7% |
Germany | 7.3% |
France | 6.9% |
Italy | 6.2% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global electronic contract manufacturing and design services market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global electronic contract manufacturing and design services industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global electronic contract manufacturing and design services market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global electronic contract manufacturing and design services market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Service Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1. Market Definition and Outlook
3.2. Properties and Applications
3.3. Market Analysis
3.4. Key Players
4 Key Assumptions
5 Executive Summary
5.1. Overview
5.2. Key Drivers
5.3. Key Developments
5.4. Competitive Structure
5.5. Key Industrial Trends
6 Market Snapshot
6.1. Global
6.2. Regional
7 Opportunities and Challenges in the Market
8 Global Electronic Contract Manufacturing and Design Services Market Analysis
8.1. Key Industry Highlights
8.2. Global Electronic Contract Manufacturing and Design Services Historical Market (2018-2023)
8.3. Global Electronic Contract Manufacturing and Design Services Market Forecast (2024-2032)
8.4. Global Electronic Contract Manufacturing and Design Services Market by Service Type
8.4.1. Design Services
8.4.1.1. Historical Trend (2018-2023)
8.4.1.2. Forecast Trend (2024-2032)
8.4.2. Assembly Services
8.4.2.1. Historical Trend (2018-2023)
8.4.2.2. Forecast Trend (2024-2032)
8.4.3. Manufacturing Services
8.4.3.1. Historical Trend (2018-2023)
8.4.3.2. Forecast Trend (2024-2032)
8.4.4. Others
8.5. Global Electronic Contract Manufacturing and Design Services Market by Application
8.5.1. Consumer Electronics
8.5.1.1. Historical Trend (2018-2023)
8.5.1.2. Forecast Trend (2024-2032)
8.5.2. Automotive
8.5.2.1. Historical Trend (2018-2023)
8.5.2.2. Forecast Trend (2024-2032)
8.5.3. Industrial
8.5.3.1. Historical Trend (2018-2023)
8.5.3.2. Forecast Trend (2024-2032)
8.5.4. Healthcare
8.5.4.1. Historical Trend (2018-2023)
8.5.4.2. Forecast Trend (2024-2032)
8.5.5. Others
8.6. Global Electronic Contract Manufacturing and Design Services Market by Region
8.6.1. North America
8.6.1.1. Historical Trend (2018-2023)
8.6.1.2. Forecast Trend (2024-2032)
8.6.2. Europe
8.6.2.1. Historical Trend (2018-2023)
8.6.2.2. Forecast Trend (2024-2032)
8.6.3. Asia Pacific
8.6.3.1. Historical Trend (2018-2023)
8.6.3.2. Forecast Trend (2024-2032)
8.6.4. Latin America
8.6.4.1. Historical Trend (2018-2023)
8.6.4.2. Forecast Trend (2024-2032)
8.6.5. Middle East and Africa
8.6.5.1. Historical Trend (2018-2023)
8.6.5.2. Forecast Trend (2024-2032)
9 North America Electronic Contract Manufacturing and Design Services Market Analysis
9.1. Market by Service Type
9.2. Market by Application
9.3. Market by Country
9.3.1. United States of America
9.3.1.1. Market by Service Type
9.3.1.2. Market by Application
9.3.1.3. Historical Trend (2018-2023)
9.3.1.4. Forecast Trend (2024-2032)
9.3.2. Canada
9.3.2.1. Market by Service Type
9.3.2.2. Market by Application
9.3.2.3. Historical Trend (2018-2023)
9.3.2.4. Forecast Trend (2024-2032)
10 Europe Electronic Contract Manufacturing and Design Services Market Analysis
10.1. Market by Service Type
10.2. Market by Application
10.3. Market by Country
10.3.1. United Kingdom
10.3.1.1. Market by Service Type
10.3.1.2. Market by Application
10.3.1.3. Historical Trend (2018-2023)
10.3.1.4. Forecast Trend (2024-2032)
10.3.2. Germany
10.3.2.1. Market by Service Type
10.3.2.2. Market by Application
10.3.2.3. Historical Trend (2018-2023)
10.3.2.4. Forecast Trend (2024-2032)
10.3.3. France
10.3.3.1. Market by Service Type
10.3.3.2. Market by Application
10.3.3.3. Historical Trend (2018-2023)
10.3.3.4. Forecast Trend (2024-2032)
10.3.4. Italy
10.3.4.1. Market by Service Type
10.3.4.2. Market by Application
10.3.4.3. Historical Trend (2018-2023)
10.3.4.4. Forecast Trend (2024-2032)
10.4. Others
11 Asia Pacific Electronic Contract Manufacturing and Design Services Market Analysis
11.1. Market by Service Type
11.2. Market by Application
11.3. Market by Country
11.3.1. China
11.3.1.1. Market by Service Type
11.3.1.2. Market by Application
11.3.1.3. Historical Trend (2018-2023)
11.3.1.4. Forecast Trend (2024-2032)
11.3.2. Japan
11.3.2.1. Market by Service Type
11.3.2.2. Market by Application
11.3.2.3. Historical Trend (2018-2023)
11.3.2.4. Forecast Trend (2024-2032)
11.3.3. India
11.3.3.1. Market by Service Type
11.3.3.2. Market by Application
11.3.3.3. Historical Trend (2018-2023)
11.3.3.4. Forecast Trend (2024-2032)
11.3.4. ASEAN
11.3.4.1. Market by Service Type
11.3.4.2. Market by Application
11.3.4.3. Historical Trend (2018-2023)
11.3.4.4. Forecast Trend (2024-2032)
11.3.5. Australia
11.3.5.1. Market by Service Type
11.3.5.2. Market by Application
11.3.5.3. Historical Trend (2018-2023)
11.3.5.4. Forecast Trend (2024-2032)
11.3.6. Others
12 Latin America Electronic Contract Manufacturing and Design Services Market Analysis
12.1. Market by Service Type
12.2. Market by Application
12.3. Market by Country
12.3.1. Brazil
12.3.1.1. Market by Service Type
12.3.1.2. Market by Application
12.3.1.3. Historical Trend (2018-2023)
12.3.1.4. Forecast Trend (2024-2032)
12.3.2. Argentina
12.3.2.1. Market by Service Type
12.3.2.2. Market by Application
12.3.2.3. Historical Trend (2018-2023)
12.3.2.4. Forecast Trend (2024-2032)
12.3.3. Mexico
12.3.3.1. Market by Service Type
12.3.3.2. Market by Application
12.3.3.3. Historical Trend (2018-2023)
12.3.3.4. Forecast Trend (2024-2032)
12.3.4. Others
13 Middle East and Africa Electronic Contract Manufacturing and Design Services Market Analysis
13.1. Market by Service Type
13.2. Market by Application
13.3. Market by Country
13.3.1. Saudi Arabia
13.3.1.1. Market by Service Type
13.3.1.2. Market by Application
13.3.1.3. Historical Trend (2018-2023)
13.3.1.4. Forecast Trend (2024-2032)
13.3.2. United Arab Emirates
13.3.2.1. Market by Service Type
13.3.2.2. Market by Application
13.3.2.3. Historical Trend (2018-2023)
13.3.2.4. Forecast Trend (2024-2032)
13.3.3. Nigeria
13.3.3.1. Market by Service Type
13.3.3.2. Market by Application
13.3.3.3. Historical Trend (2018-2023)
13.3.3.4. Forecast Trend (2024-2032)
13.3.4. South Africa
13.3.4.1. Market by Service Type
13.3.4.2. Market by Application
13.3.4.3. Historical Trend (2018-2023)
13.3.4.4. Forecast Trend (2024-2032)
13.3.5. Others
14 Market Dynamics
14.1. SWOT Analysis
14.1.1. Strengths
14.1.2. Weaknesses
14.1.3. Opportunities
14.1.4. Threats
14.2. Porter’s Five Forces Analysis
14.2.1. Supplier’s Power
14.2.2. Buyer’s Power
14.2.3. Threat of New Entrants
14.2.4. Degree of Rivalry
14.2.5. Threat of Substitutes
14.3. Key Indicators for Demand
14.4. Key Indicators for Price
15 Competitive Landscape
15.1. Market Structure
15.2. Company Profiles
15.2.1. Foxconn Technology Group
15.2.1.1. Company Overview
15.2.1.2. Product Portfolio
15.2.1.3. Demographic Reach and Achievements
15.2.1.4. Certifications
15.2.2. Flex Ltd.
15.2.2.1. Company Overview
15.2.2.2. Product Portfolio
15.2.2.3. Demographic Reach and Achievements
15.2.2.4. Certifications
15.2.3. Jabil Inc.
15.2.3.1. Company Overview
15.2.3.2. Product Portfolio
15.2.3.3. Demographic Reach and Achievements
15.2.3.4. Certifications
15.2.4. Celestica Inc.
15.2.4.1. Company Overview
15.2.4.2. Product Portfolio
15.2.4.3. Demographic Reach and Achievements
15.2.4.4. Certifications
15.2.5. Sanmina Corporation
15.2.5.1. Company Overview
15.2.5.2. Product Portfolio
15.2.5.3. Demographic Reach and Achievements
15.2.5.4. Certifications
15.2.6. Benchmark Electronics, Inc.
15.2.6.1. Company Overview
15.2.6.2. Product Portfolio
15.2.6.3. Demographic Reach and Achievements
15.2.6.4. Certifications
15.2.7. Others
16 Key Trends and Developments in the Market
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