Electronic Contract Assembly Market Size 2021-2023 By Prominent Players, Investment Opportunities, Regional Segmentation, Share Estimation, Revenue Expectation and Business Prospect, Says

New York, United States, Fri, 08 Jan 2021 07:18:54 / Comserve Inc. / -- The global electronic contract assembly market was valued at USD 88.40 billion in 2017 and is expected to reach USD 157 billion by the end of the forecast period with a CAGR of 10%.

Global Electronic Contract Assembly Market Research, By Service (Electronic Design & Engineering, Electronic Assembly, Electronic Manufacturing), End-User (Aerospace, Industrial/Automation, Semiconductor/Robotics, Government, IT & Telecom) – Forecast till 2023

Market Synopsis:

The global electronic contract assembly market was valued at USD 88.40 billion in 2017 and is expected to reach USD 157 billion by the end of the forecast period with a CAGR of 10%.Electronic contract assembly are offered by companies that design, assemble, manufacture, distribute, electronic test components and printed circuit boards assemblies and provide return/repair services for these electronic components and assemblies for original equipment manufacturers. The concept is also referred to as electronics contract manufacturing. Additionally, an original design manufacturer is a company that designs and manufactures a product based on the existing design and specifications.

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ODM companies acquire original specifications from another company and then design the product accordingly. Such companies offer the supplier or other companies, the capability to get their product built without having to design the hardware and invest in production facilities completely. The high proportion of new start-up businesses, the introduction of new products and technologies, high demand for consumer electronics, automotive electronics and medical electronics is fueling the growth of electronic contract assembly market. Electronic contract assembly companies provide manufacturing capacity, however, the company creating or supplying the specifications retains the ownership of the design.

Segmentation:

The global electronic contract assembly market is segmented into service, end-user, and region.

By service, the electronic contract assembly market is segmented into electronic design & engineering, electronic assembly, electronic manufacturing, and others.

By end-user, the electronic contract assembly is segmented into aerospace, industrial/automation, semiconductor/robotics, government, IT & telecom, and others.

By region, the electronic contract assembly market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Regional Analysis:

The global market for electronic contract assembly is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of electronic contract assembly market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

With technological advancements and presence of key players, the US has experienced significant growth in the electronic contract assembly market. The high demand for consumer electronics and smartphones owing to robust, economic landscape is triggering the growth of electronic contract assembly market in this region. The market in the US is currently dominated by aerospace, telecommunications, and industrial.

On the other hand, the European market has seen significant growth due to increasing demand in electronic and semiconductor industry. The presence of various industrial electronics providers and medical electronics providers have resulted in more business opportunities for small suppliers across the region. Moreover, strong economies such as the UK, Germany, France, and Italy are investing in research and development of advanced semiconductor technologies, which is triggering the growth of electronic contract assembly market in this region.

The major factors contributing to market growth include growing semiconductor industry, and high penetration of EMS suppliers. However, the complex installation process, and downside risk of economy pose challenge to the market.

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Global Electronic Contract Assembly Market, USD Million:

Electronic Contract Assembly Market Research Report – Global Forecast till 2023

Key Players:

The key players in the electronic contract assembly market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Altadox Inc (US), Benchmark Electronics Inc (US), Celestica Inc (Canada), Compal Electronics Inc (Taiwan), Creation Technologies LP (Canada), Fabrinet (Thailand), Flex Ltd (Singapore), Hon Hai Precision Industry Co Ltd (Taiwan), Jabil Circuits Inc (US), Plexus Corporation (US). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the electronic contract assembly market. These include Sanmina SCI (US), New Kinpo Group (Taiwan), Shenzhen Kaifa Technology (China), Universal Scientific Industrial Co Ltd (Taiwan), Venture (Singapore), Elcoteq (Luxembourg), SIIX (Japan), Zollner Elektronik (Germany), Beyonics Technology (Singapore), Sumitronics (Japan), UMC Electronics Co Ltd (Japan), Orient Semiconductor Electronics (Taiwan), Kimball Electronics Group (US), AsteelFlash Group (France), and others.

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Intended Audience:

Equipment Manufacturers

Design Manufacturers

Investors and consultants

Semiconductor Equipment Manufacturers

Smartphone & Computer Manufacturers

System Integrators

Government Organizations

Research/Consultancy firms

Technology solution providers

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