Electronics manufacturing services market is set to grow at a CAGR of 6.6% from 2022 to 2027, Increasing number of electronics manufacturing services providers to boost the market growth - Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The global electronics manufacturing services market? electronics manufacturing services market is estimated to grow at a CAGR of 6.6% between 2022 and 2027. The market is forecast to increase by USD 167.02 billion The market is driven by the increasing number of electronics manufacturing services providers in economies with low hourly wages. By outsourcing electronics manufacturing to such electronics manufacturing service providers, companies can not only scale their operations as needed to meet their operational needs but also negotiate better deals with the electronics manufacturing service providers. It can also improve your profit margin, which will increase the market growth during the forecast period.

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Electronics manufacturing services market - Vendor Analysis 

The global electronics manufacturing services market is fragmented with the presence of many leading global and regional vendors. Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data I/O Corp., Elbit Systems Ltd., ESCATEC Sdn. Bhd., First International Computer Inc., Flex Ltd., Hon Hai Precision Industry Co. Ltd., Integrated Micro Electronics Inc, Jabil Inc., Key Tronic Corp, Kimball Electronics Inc., Kitron ASA, Neo Tech Inc., Plexus Corp., Sanmina Corp., and Venture Corp. Ltd.?are some of the major vendors in the market. 

Vendor offerings 

• Celestica Inc.: The company offers electronics manufacturing services to develop specialized solutions, drive product innovation, cost savings, supply chain efficiencies, and improved time-to-market.
• Compal Electronics Inc.: The company offers electronics manufacturing services such as laptop, desktop PCs, IoT, wearables, smartphones, healthcare, and auto electronics.
• Data I/O Corp.: The company offers electronics manufacturing services for automotive, Internet of Things, medical, wireless, consumer electronics, industrial controls, and other markets.
• Elbit Systems Ltd.: The company offers electronics manufacturing services through its subsidiary Sparton Corp.
• Creation Technologies LLC

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Market Challenges 

The risk of intellectual property theft and misuse is a major challenge to the global electronics manufacturing services market growth. EMS providers or vendors typically work under contract with their customers. These electronics manufacturing service providers serve the needs of multiple companies simultaneously. Although detailed documentation is done before contracting with any electronics manufacturing service provider,  the potential loss of his IP technology and design, data theft, and misuse of these technologies on the part of the electronics manufacturing service provider There are still concerns among customers about This limits the growth of the market during the forecast period. 

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Geography Overview

Based on geography, the electronics manufacturing services market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the market.

• APAC will account for 59% of the market during the forecast period. Several international companies are based in the region due to low labor costs and supportive government policies. China is the global center of international electronics manufacturers. International companies are looking to reduce their reliance on imports from China, but this regional market share will remain the largest by the end of the forecast period as the company expands its electronics manufacturing facilities in other APAC countries. stay. These countries are witnessing the implementation of various lucrative policies and initiatives to increase domestic manufacturing in various industries such as automobiles, computing and consumer devices, and telecommunications. Such factors will increase the market growth in this region during the forecast period.

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What are the key data covered in this electronics manufacturing services market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electronics manufacturing services market between 2023 and 2027
• Precise estimation of the size of the electronics manufacturing services market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across APAC, North America, Europe, South America, and the Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electronics manufacturing services market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Service Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electronics manufacturing services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global electronics manufacturing services market 2017 - 2021 ($ billion)

• 4.2 End-User Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-User Segment 2017 - 2021 ($ billion)

• 4.3 Service Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Service Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Computing and consumer appliances - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Computing and consumer appliances - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Computing and consumer appliances - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Computing and consumer appliances - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Computing and consumer appliances - Year-over-year growth 2022-2027 (%)

• 6.4 Telecommunication - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Telecommunication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Telecommunication - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Telecommunication - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Telecommunication - Year-over-year growth 2022-2027 (%)

• 6.5 Industrial - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 6.6 Automotive - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Automotive - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Automotive - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Automotive - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027 
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 54: Market opportunity by End-user ($ billion)

7 Market Segmentation by Service Type

• 7.1 Market segments
• Exhibit 55: Chart on Service Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Service Type - Market share 2022-2027 (%)

• 7.2 Comparison by Service Type 
• Exhibit 57: Chart on Comparison by Service Type
• Exhibit 58: Data Table on Comparison by Service Type

• 7.3 Electronics design and engineering - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Electronics design and engineering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Electronics design and engineering - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Electronics design and engineering - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Electronics design and engineering - Year-over-year growth 2022-2027 (%)

• 7.4 Electronics assembly - Market size and forecast 2022-2027 
• Exhibit 63: Chart on Electronics assembly - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Electronics assembly - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Electronics assembly - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Electronics assembly - Year-over-year growth 2022-2027 (%)

• 7.5 Electronics manufacturing - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Electronics manufacturing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Electronics manufacturing - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Electronics manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Electronics manufacturing - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Service Type 
• Exhibit 75: Market opportunity by Service Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 77: Chart on Market share by geography 2022-2027 (%)
• Exhibit 78: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 79: Chart on Geographic comparison
• Exhibit 80: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Taiwan - Market size and forecast 2022-2027 
• Exhibit 109: Chart on Taiwan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 110: Data Table on Taiwan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 111: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 117: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 118: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 119: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 120: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 121: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 122: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 123: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 124: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 125: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 126: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 127: Matrix on vendor position and classification

• 12.3 Benchmark Electronics Inc. 
• Exhibit 128: Benchmark Electronics Inc. - Overview
• Exhibit 129: Benchmark Electronics Inc. - Business segments
• Exhibit 130: Benchmark Electronics Inc. - Key news
• Exhibit 131: Benchmark Electronics Inc. - Key offerings
• Exhibit 132: Benchmark Electronics Inc. - Segment focus

• 12.4 Celestica Inc.
• Exhibit 133: Celestica Inc. - Overview
• Exhibit 134: Celestica Inc. - Business segments
• Exhibit 135: Celestica Inc. - Key news
• Exhibit 136: Celestica Inc. - Key offerings
• Exhibit 137: Celestica Inc. - Segment focus

• 12.5 Compal Electronics Inc. 
• Exhibit 138: Compal Electronics Inc. - Overview
• Exhibit 139: Compal Electronics Inc. - Product / Service
• Exhibit 140: Compal Electronics Inc. - Key offerings

• 12.6 Creation Technologies LLC 
• Exhibit 141: Creation Technologies LLC - Overview
• Exhibit 142: Creation Technologies LLC - Product / Service
• Exhibit 143: Creation Technologies LLC - Key news
• Exhibit 144: Creation Technologies LLC - Key offerings

• 12.7 Data IO Corp.
• Exhibit 145: Data IO Corp. - Overview
• Exhibit 146: Data IO Corp. - Product / Service
• Exhibit 147: Data IO Corp. - Key offerings

• 12.8 Elbit Systems Ltd.
• Exhibit 148: Elbit Systems Ltd. - Overview
• Exhibit 149: Elbit Systems Ltd. - Product / Service
• Exhibit 150: Elbit Systems Ltd. - Key offerings

• 12.9 ESCATEC Sdn. Bhd.
• Exhibit 151: ESCATEC Sdn. Bhd. - Overview
• Exhibit 152: ESCATEC Sdn. Bhd. - Product / Service
• Exhibit 153: ESCATEC Sdn. Bhd. - Key offerings

• 12.10 First International Computer Inc. 
• Exhibit 154: First International Computer Inc. - Overview
• Exhibit 155: First International Computer Inc. - Product / Service
• Exhibit 156: First International Computer Inc. - Key offerings

• 12.11 Flex Ltd.
• Exhibit 157: Flex Ltd. - Overview
• Exhibit 158: Flex Ltd. - Business segments
• Exhibit 159: Flex Ltd. - Key news
• Exhibit 160: Flex Ltd. - Key offerings
• Exhibit 161: Flex Ltd. - Segment focus

• 12.12 Hon Hai Precision Industry Co. Ltd. 
• Exhibit 162: Hon Hai Precision Industry Co. Ltd. - Overview
• Exhibit 163: Hon Hai Precision Industry Co. Ltd. - Product / Service
• Exhibit 164: Hon Hai Precision Industry Co. Ltd. - Key offerings

• 12.13 Integrated Micro Electronics Inc 
• Exhibit 165: Integrated Micro Electronics Inc - Overview
• Exhibit 166: Integrated Micro Electronics Inc - Business segments
• Exhibit 167: Integrated Micro Electronics Inc - Key offerings
• Exhibit 168: Integrated Micro Electronics Inc - Segment focus

• 12.14 Jabil Inc.
• Exhibit 169: Jabil Inc. - Overview
• Exhibit 170: Jabil Inc. - Business segments
• Exhibit 171: Jabil Inc. - Key offerings
• Exhibit 172: Jabil Inc. - Segment focus

• 12.15 Plexus Corp.
• Exhibit 173: Plexus Corp. - Overview
• Exhibit 174: Plexus Corp. - Business segments
• Exhibit 175: Plexus Corp. - Key news
• Exhibit 176: Plexus Corp. - Key offerings
• Exhibit 177: Plexus Corp. - Segment focus

• 12.16 Sanmina Corp.
• Exhibit 178: Sanmina Corp. - Overview
• Exhibit 179: Sanmina Corp. - Business segments
• Exhibit 180: Sanmina Corp. - Key offerings
• Exhibit 181: Sanmina Corp. - Segment focus

• 12.17 Venture Corp. Ltd.
• Exhibit 182: Venture Corp. Ltd. - Overview
• Exhibit 183: Venture Corp. Ltd. - Business segments
• Exhibit 184: Venture Corp. Ltd. - Key news
• Exhibit 185: Venture Corp. Ltd. - Key offerings
• Exhibit 186: Venture Corp. Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 187: Inclusions checklist
• Exhibit 188: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 189: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 190: Research methodology
• Exhibit 191: Validation techniques employed for market sizing
• Exhibit 192: Information sources

• 13.5 List of abbreviations 
• Exhibit 193: List of abbreviations

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