Global Electronic Contract Manufacturing Market to Hit $976 Billion by 2030, Driven by Automation, 5G, AI & ML

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ResearchAndMarkets has added a new report "Electronic Contract Manufacturing and Design Services - Global Strategic Business Report" to its offering.

The global market for Electronic Contract Manufacturing and Design Services is estimated at US$548.2 Billion in 2023 and is projected to reach US$976.8 Billion by 2030, growing at a CAGR of 8.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the ECMDS market is driven by several factors, including the increasing complexity of electronic devices, which necessitates specialized expertise in both design and manufacturing that many OEMs cannot internally support. The ongoing technological evolution that demands faster, smaller, and more efficient electronic products also pushes OEMs to partner with electronic contract manufacturers who stay at the forefront of manufacturing and design technologies.

Additionally, the global expansion of industries such as automotive, consumer electronics, and healthcare, which rely heavily on electronic components, fuels the demand for ECMDS. Consumer behavior that favors the latest technology and product innovations encourages companies to continually upgrade and redesign products, thereby regularly engaging with ECMDS providers.

Economic factors such as cost reduction, improved time-to-market, and the ability to scale production without significant capital investment also significantly contribute to the growth of this market, making ECMDS an essential component of the modern electronics industry ecosystem.

Areas covered in this Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Electronic Contract Manufacturing and Design Services Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Contract Manufacturing and Design Services Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Electronic Manufacturing Services segment, which is expected to reach US$445.8 Billion by 2030 with a CAGR of 8.0%. The Electronics Assembly Services segment is also set to grow at 9.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $160.4 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $172.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Altadox, Inc., Benchmark Electronics, Inc., Celestica, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Global Economic Update
• Electronic Contract Manufacturing and Design Services - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Advances in Automation and Robotics Propel Growth in Electronic Contract Manufacturing
• Increasing Demand for Consumer Electronics Expands Addressable Market Opportunity
• Technological Innovations in PCB Design Generate Demand for Advanced Manufacturing Services
• Growth in IoT Devices Drives Adoption of Electronic Contract Manufacturing
• Rising Focus on Miniaturization Strengthens Business Case for High-Precision Manufacturing
• Adoption of AI and Machine Learning in Manufacturing Spurs Growth in Design Services
• Demand for Customization and Flexibility Generates Opportunities for Contract Manufacturing
• Impact of 5G Deployment Expands the Market for High-Frequency PCB Manufacturing

FOCUS ON SELECT PLAYERS(Total 207 Featured)

• Altadox, Inc.
• Benchmark Electronics, Inc.
• Celestica, Inc.
• Compal Electronics, Inc.
• Delta Group Electronics, Inc.
• Fabrinet
• Flexcom Inc.
• Hon Hai Precision Industry Co., Ltd.
• KeyTronicEMS
• Kimball Electronics, Inc.
• Plexus Corp.
• Sparton Corp.
• TPV Technology Ltd.
• TT Electronics plc

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