-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2025: A Preview
It’s that time again. If you’re going to Anaheim for IPC APEX EXPO 2025, we’ll see you there. In the meantime, consider this issue of SMT007 Magazine to be your golden ticket to planning the show.
Technical Resources
Key industry organizations–all with knowledge sharing as a part of their mission–share their technical repositories in this issue of SMT007 Magazine. Where can you find information critical to your work? Odds are, right here.
The Path Ahead
What are you paying the most attention to as we enter 2025? Find out what we learned when we asked that question. Join us as we explore five main themes in the new year.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 Magazine
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
Suggested Items
Technica USA Celebrates 40 Years of Excellence in Electronics Manufacturing
03/13/2025 | Technica USATechnica USA, a leading provider of materials, equipment, installation, and services for the printed circuit board (PCB) fabrication, PCB Assembly, substrates, MEMS, and semiconductor industries, proudly announces its 40th anniversary in 2025.
TCT Circuit Supply and Electra Polymers Announce New Strategic Partnership
03/12/2025 | Electra Polymers LtdTCT Circuit Supply (TCS) is excited to announce a new strategic partnership with Electra Polymers, a global leader in advanced specialty polymer products
Scanfil Signs Agreement with Leardal Medical for Malaysian Factory
03/12/2025 | ScanfilLaerdal Medical and Scanfil have signed a framework agreement for manufacturing at Scanfil’s newly acquired Malaysian factory in Johor Bahru. Scanfil announced an investment of EUR 4.3 million in the factory in January to meet its high customer demand.
The Test Connection Inc. Promotes Melanie Rutkauskas to Director of Operations for The Training Connection, LLC
03/11/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a leading provider of electronic test and manufacturing solutions, is pleased to announce the promotion of Melanie Rutkauskas to Director of Operations for The Training Connection, LLC (TTC-LLC). With her extensive background in operations management, accounting, and customer relations, Melanie brings a wealth of experience and leadership to her new role.
Critical Manufacturing to Show You Might Need a New MES for Making Industry 4.0 A Reality at IPC APEX EXPO 2025
03/10/2025 | Critical ManufacturingCritical Manufacturing, a leader in advanced Manufacturing Execution Systems (MES) and a subsidiary of ASMPT, will show visitors to IPC APEX EXPO 2025 that the company’s MES - complete with extensive features specific to the electronics industry - can serve as a true Industry 4.0 platform. Any electronics manufacturer looking to turn its vision of digital transformation from concept into reality should prioritize visiting Critical Manufacturing at ASMPT SMT Booth 1813.