Electronic Contract Manufacturing and Design Services Global Market Report 2022
DUBLIN, June 22, 2022 /PRNewswire/ -- The "Electronic Contract Manufacturing and Design Services Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global electronic contract manufacturing and design services market.
Major players in the electronic contract manufacturing and design services market are Flex Ltd., Hon Hai Precision Industry Co., Ltd., Benchmark Electronics, Celestica Inc, Venture Corporation Limited, Fabrinet, Plexus Corp., Sanmina Corporation, Compal Electronics, Inc., Universal Scientific Industrial Co Ltd, New Kinpo Group, Creating Technologies LP, shenzhen kaifa technology, LCS Company, and Bassett Industries, Inc.
The electronic contract manufacturing and design services market is segmented by type into designing; assembly; manufacturing; others. These are used in various applications such as consumer electronics; electronic components; computers & peripherals; industrial electronics; others; used by various end user industries including healthcare; automotive; industrial; aerospace and defense; it and telecom; power and energy; consumer electronics; others.
Asia-Pacific was the largest region in the electronics contract manufacturing and design services market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in demand for consumer electronics is significantly contributing to the growth of the electronic contract manufacturing and design services market. Consumer electronics are the instrument, machines, and apparatus that are used by end-users or consumers on daily basis, which provide one or more functionalities in a home or for a particular individual for professional or personal use. Consumer electronics include televisions, computers, laptops, smartphones or watches, and tablets.
The rising demand for consumer electronics increases the need for outsourcing of electronics components from electronic contract manufacturing companies, which reduces the cost of manufacturing, assembling of products, and design services and increases operational efficiency in manufacturing. For instance, according to Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian appliances and consumer electronics market is expected to grow more than two-folds in the next five to six years and reach up to $26.81 billion.
Also, according to ClearSale, the revenue in the consumer electronics segment is anticipated to increase by more than US$365 billion in 2020 and more than US$450 billion by 2024. Therefore, the increase in demand for consumer electronics is driving the growth of electronic contract manufacturing and design services.
For instance, in September 2021, BioSig Technologies, Inc., an American medical device company, and the Plexus Corp, an American based contract electronics manufacturing company formed a technological and strategic partnership for commercialization and development of a new biomedical signal processing platform, which provides a full range of application in arrhythmia care for BioSig's subsidiary NeuroClear Technologies.
6.2. Global Electronic Contract Manufacturing and Design Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Electronic Contract Manufacturing and Design Services Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Electronic Contract Manufacturing and Design Services Market Regional And Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/txikfz
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