DUBLIN--(BUSINESS WIRE)--The "Electronic Manufacturing Services Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The electronic manufacturing services market is projected to grow at a CAGR of 8.64% to reach US$650.780 billion by 2025 from US$395.818 billion in 2019
The electronic contract manufacturing and design services are the services provided by the electronics manufacturers that design, manufacture, test and provide other ancillary services related to the electronic product which is in consideration. This method of manufacturing is mainly adopted by companies to reduce their manufacturing cost and utilize the capabilities of the companies delivering this service.
Growing adoption of contract manufacturing services by SMEs to avoid huge capital investments in the production lines and take advantage of the design expertise and manufacturing capabilities of the service providers. The majority of the businesses across the globe are small and medium enterprises, specifically in developing countries. According to the World Bank, they represent about 90% of businesses and more than 50% of employment worldwide. Governments are making SMEs a high priority as it is expected that 600 million jobs will be required by 2030 to absorb the rising workforce and SMEs are a great contributor to employment generation.
However, getting access to finance is a major bottleneck faced by SMEs. They are less likely to obtain loans from the formal sector, and they have to mainly rely on internal funds to sustain their operations. The International Finance Corporation (IFC) estimated that 65 million firms, or about 40% of formal micro, small and medium enterprises (MSMEs) in developing countries have unfulfilled finance needs. East Asia and the Pacific region share the largest share of this gap (Source: World Bank). This requires these firms to get their non-core operations outsourced by experts at a lower cost. Manufacturing is one of them. As the number of SMEs developing electronic products is rising, the reliance on electronic contract manufacturing services and design services is also on a constant rise.
- Benchmark Electronics
- Flex Ltd.
- Plexus Corp
- Jabil Inc.
- Celestica Inc.
- Compal Electronics, Inc.
- Creation Technologies LP
- Foxconn Technology Group
- Sanmina Corporation
Major Market Developments
- In July 2019, Plexus announced the completion of the renovation of its facility in Livingston, Scotland. This renovation completes Plexus' multi-year investment to expand and upgrade all eight of its global engineering facilities
- In March 2018, Taiwanese giant Foxconn, the company that manufactures the iPhone for Apple, bought accessory maker Belkin, as well as associated brands Wemo, Linksys and Phyn
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Electronic Manufacturing Services Market Analysis, by Service
5.2. Design & Engineering
6. Electronic Manufacturing Services Market Analysis, by End-user
6.2. Telecom & IT
6.3. Consumer Electronics
6.5. Aerospace & Defence
7. Electronic Manufacturing Services Market Analysis, by Geography
7.2. North America
7.3. South America
7.5. The Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
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