Beyond Design: High-speed Rules of Thumb
Global PCB Connections: A Technical Overview of Long-flex Printed Circuit Boards
The Shaughnessy Report: A Handy Look at Rules of Thumb
Electronic Contract Manufacturing and Design Services Market Worth $639.9B by 2025
June 9, 2017 | PRNewswireEstimated reading time: 1 minute
The global electronic contract manufacturing and design services market is expected to reach USD 639.9 Billion by 2025, according to a new report by Grand View Research, Inc. The competitive nature of the electronics industry, increasing complexity of electronic products, increased pressure on original equipment manufacturers for reducing costs, and decreased product lifecycles have increased the demand for better manufacturing capabilities and their related services. To achieve the same, OEMs are seeking support from contract manufacturers.
OEMs subcontract EMS companies and benefit from their expertise in design, manufacturing, and supply chain management. Outsourced manufacturing model enables OEMs to leverage resources, reduce costs, access the leading manufacturing technologies, reduce investments in fixed capital, and adapt to the market demand. Additionally, it also aids in retaining the overall control responsibilities and in-house activities such as customer service, integration of network solutions, product cost management, customer interactions, quality assurance, order management, and new product introduction. All the above mentioned factors are expected to drive the electronic contract manufacturing services market over the forecast period.
Electronic contract manufacturing services market is projected to witness high growth across non-technical segments, such as medical, aerospace & defense, and automotive, over the forecast period, owing to low penetration rates and high growth opportunities (over the next few years) in these sectors. The surging need for optimizing resources is the primary reason that is expected to drive the growth of the electronic contract manufacturing services market over the next nine years.
Further key findings from the report suggest:
- The global electronic contract manufacturing services and design market is expected to witness a CAGR exceeding 7% from 2017 to 2025, owing to the rising need for resource optimization
- Electronics manufacturing services accounted for the highest market share in 2016; however, electronics design & engineering services are projected to witness high growth over the forecast period
- Electronic contract manufacturing services in the IT & telecom segment held the highest revenue in 2016. However, non-technical segments, such as healthcare, automotive, and aerospace & defense, are expected to witness noteworthy growth over the forecast period, owing to the rising outsourcing trends in these industries
- The Asia Pacific region accounted over 40% of the overall revenue share in 2016 and is expected to dominate the market over the forecast period
- Foxconn, FLEX, Jabil Circuit., Sanmina-SCI, Venture Corporation, Benchmark, among others were a few key players that captured a significant market share in 2016
Share on:
Suggested Items
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from USD 3.9 billion in 2024 to USD 9.2 billion by 2031.
SIA Applauds CHIPS Award for Semiconductor Research Corporation’s SMART USA Institute
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending the announcement that the U.S. Department of Commerce and the Semiconductor Research Corporation Manufacturing Consortium Corporation (SRC) are entering negotiations for the Commerce Department to provide SRC $285 million to establish and operate the CHIPS Manufacturing USA Institute for Digital Twins.
SIA Praises Finalization of CHIPS Investments for GlobalFoundries Manufacturing Projects
11/21/2024 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer applauding finalization of semiconductor manufacturing investments announced by the U.S. Department of Commerce and GlobalFoundries.
IPC Issues Clarion Call for EU to Reclaim Leadership in Electronics Manufacturing
11/21/2024 | IPCIPC released a synopsis of its recent white paper, Securing the European Union’s Electronics Ecosystem. This condensed document presents a comprehensive overview of the current challenges in Europe’s electronics manufacturing industry and shares actionable steps to help the EU achieve a stronger, more autonomous ecosystem.
CHIPS for America Announces Up to $300M in Funding to Boost U.S. Semiconductor Packaging
11/21/2024 | U.S. Chamber of Commercethe Biden-Harris Administration announced that the U.S. Department of Commerce (DOC) is entering negotiations to invest up to $300 million in advanced packaging research projects in Georgia, California, and Arizona to accelerate the development of cutting-edge technologies essential to the semiconductor industry.