The global electronics contract manufacturing market is anticipated to grow at a considerable CAGR of around 9.2% during the forecast period (2024-2031). The electronics contract manufacturing service offers return/repair service, design, manufacture, test, and distribution for original equipment manufacturers (OEMs). The electronic contract manufacturer provides electronic components and assemblies services. Further, the Mass-production of key components attracts different OEMs across the globe. One of the major factors that drive the growth of the market including, the use of electronics components in the automotive sector is increasing rapidly to enhance performance, comfort, safety, and overall driving experience. As an outcome of comprehensive automobile warranty periods, automobile companies are trying higher reliability, enhanced manufacturing proficiency, and vastly compact warranty failures from their Tier 1 suppliers.
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For instance, In March 2021, Jabil Inc. was announced new material innovation that rejects formaldehyde fumes from 3D Printing Delrin. Jabil PA 0600, which provides high strength and strain for demanding automotive, aerospace, and industrial manufacturing applications. This latest innovation from Jabil engineered materials were produced at the company’s Minnesota-based Materials Innovation Center for use in traditional and additive manufacturing.
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Market Coverage
- Segment Covered-
o By Services
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape – Honhai Precision Industry, Foxconn., Flextronics International Ltd., Jabil Inc, Celestica Inc., Sanmina Corp., New Kinpo Group., Shenzhen Kaifa Technology Co., Ltd., Benchmark Electronics., Plexus, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Electronics Contract Manufacturing Market
By Services
- Electronic Design & Engineering
- Electronics Assembly
- Electronic Manufacturing
- Others
By End-User
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defence
- IT & Telecommunications
- Power & Energy
- Others
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