Global Electronic Contract Manufacturing and Design Services Market Insights Forecasts to 2032

• The Electronic Contract Manufacturing and Design Services Market was valued at USD 496.43 Billion in 2022.
• The Market is Growing at a CAGR of 9.3% from 2022 to 2032
• The Global Electronic Contract Manufacturing and Design Services Market is expected to reach USD 1,207.98 Billion by 2032
• North America is expected to Grow the fastest during the forecast period

The Global Electronic Contract Manufacturing and Design Services Market is expected to reach USD 1,207.98 Billion by 2032, at a CAGR of 9.3% during the forecast period 2022 to 2032.

Market Overview

Electronic Contract Manufacturing and Design Services (ECM/EMS) refer to the outsourcing of electronic product design, development, and manufacturing processes to a third-party company. ECM/EMS providers offer a range of services including design, prototyping, sourcing, manufacturing, testing, and logistics management. They serve various industries such as automotive, aerospace, consumer electronics, and medical devices. These services allow companies to reduce costs, increase efficiency, and focus on their core competencies. ECM/EMS providers also have the expertise and equipment to develop high-quality products and stay up-to-date with the latest technology trends.

Report Coverage

This research report categorizes the market for electronic contract manufacturing and design services market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the electronic contract manufacturing and design services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the electronic contract manufacturing and design services market.

Driving Factors

The Electronic Contract Manufacturing and Design Services (ECM/EMS) market is driven by several factors, including the increasing demand for electronic products, the need for cost reduction and operational efficiency, and the trend towards outsourcing manufacturing and design services. The rapid pace of technological advancement is also driving the market as companies seek to stay up-to-date with the latest technology trends. In addition, the growth of the aerospace, automotive, and medical device industries is creating a need for specialized electronic manufacturing services. Finally, the increasing complexity of electronic products and the need for specialized skills and expertise are also driving the demand for ECM/EMS providers.

Restraining Factors

The Electronic Contract Manufacturing and Design Services (ECM/EMS) market faces several restraints. These include the high costs associated with setting up and maintaining state-of-the-art manufacturing facilities, the need for specialized skills and expertise, and the challenges associated with ensuring quality and reliability in outsourced manufacturing processes. Additionally, the threat of intellectual property theft and concerns over data security can create barriers to outsourcing. Finally, supply chain disruptions, trade tensions, and geopolitical uncertainties can also pose significant challenges to the ECM/EMS market.

Market Segmentation

• In 2022, the electronic manufacturing segment accounted for around 45.3% market share

On the basis of service, the global electronic contract manufacturing and design services market is segmented into electronic design & engineering, electronic assembly, electronic manufacturing, and others. The Electronic manufacturing segment is dominating with the largest market share in 2022, due to the increasing demand for electronic products, particularly in the consumer electronics industry. The production of electronic devices requires a high level of expertise and specialized equipment, making it difficult for companies to handle the manufacturing process in-house. This has led to a growing trend towards outsourcing manufacturing processes to specialized ECM/EMS providers.

• In 2022, the IT & telecom segment dominated the market with more than 42.7% revenue share

Based on end-use, the global electronic contract manufacturing and design services market is segmented into healthcare, automotive, industrial, aerospace & defense, IT & telecom, power & energy, consumer electronics, and others. Out of this, the IT & telecom is dominating the market with the largest market share in 2022, due to the growing demand for electronic devices and equipment in the sector. The IT & telecom industry relies heavily on electronic devices and equipment, such as smartphones, tablets, routers, servers, and other communication equipment. This has led to a growing trend towards outsourcing manufacturing and design services to specialized ECM/EMS providers.

Regional Segment Analysis of the Electronic Contract Manufacturing and Design Services Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific dominated the market with more than 45.6% revenue share in 2022.

Based on region, Asia-Pacific dominates the Electronic Contract Manufacturing and Design Services (ECM/EMS) market due to several factors. Firstly, the region has a large and growing demand for electronic products, driven by a rapidly expanding middle class and increasing urbanization. Secondly, the region benefits from lower labor costs and a highly skilled workforce, making it an attractive location for outsourcing manufacturing and design services. Thirdly, the region has established itself as a global manufacturing hub, with a well-developed supply chain and infrastructure. Finally, governments in the region have implemented policies aimed at promoting the growth of the electronics industry, providing support for research and development, and creating favorable business environments for companies in the sector.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electronic contract manufacturing and design services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Companies:

• Foxconn Technology Group
• Flex Ltd.
• Jabil Inc.
• Sanmina Corporation
• Celestica Inc.
• Benchmark Electronics, Inc.
• Plexus Corp.
• Wistron Corporation
• New Kinpo Group
• Inventec Corporation
• Venture Corporation Limited
• Compal Electronics, Inc.
• Universal Scientific Industrial Co., Ltd.
• Kimball Electronics, Inc.
• Vexos Inc.
• Delta Group
• Zollner Elektronik AG

Key Target Audience

• Market Players
• Investors
• End-Users
• Government Authorities 
• Consulting and Research Firm
• Venture Capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2022, Compal Electronics, Inc., which is based in Taiwan, granted approval for the purchase of 65% shares of Poindus System Corporation, a hardware producer that specializes in Point-of-Sale (POS) systems. The primary objective of this acquisition by Compal Electronics is to broaden its range of products and increase its market exposure.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global electronic contract manufacturing and design services Market based on the below-mentioned segments:

Electronic Contract Manufacturing and Design Services Market, By Service

• Electronic Design & Engineering
• Electronic Assembly
• Electronic Manufacturing
• Others

Electronic Contract Manufacturing and Design Services Market, By End-Use

• Healthcare
• Automotive
• Industrial
• Aerospace & Defense
• IT & Telecom
• Power & Energy
• Consumer Electronics
• Others

Electronic Contract Manufacturing and Design Services Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa