The electronics manufacturing service market is forecasted to grow by USD 164.6 bn during 2023-2028, accelerating at a CAGR of 6.21% during the forecast period. The report on the electronics manufacturing service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of electronics manufacturing services providers in economies with low hourly wages, reduced time to market and improved access to emerging markets, and growing focus on core competencies or on compensating for lack of in-house expertise.
Technavio's electronics manufacturing service market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.75% |
CAGR | 6.21% |
Incremental Value | $164.6bn |
ByEnd-user
- Computing and consumer appliances
- Telecommunication
- Industrial
- Automotive
- Others
ByService Type
- Electronics design and engineering
- Electronics assembly
- Electronics manufacturing
- Others
ByGeography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the collaborative co-innovation partnership with electronics manufacturing services providers as one of the prime reasons driving the electronics manufacturing service market growth during the next few years. Also, advent of collaborative robots for electronics manufacturing and lifting of trade barriers will lead to sizable demand in the market.
The report on the electronics manufacturing service market covers the following areas:
- Electronics manufacturing service market sizing
- Electronics manufacturing service market forecast
- Electronics manufacturing service market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electronics manufacturing service market vendors that include Accton Technology Corp., Benchmark Electronics Inc., Celestica Inc., Compal Electronics Inc., Creation Technologies LLC, Data IO 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.. Also, the electronics manufacturing service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.