Global electronics contract manufacturing services market expected to reach approximately USD 32.05 billion by 2025, at a CAGR of slightly above 8% between 2019 and 2025. Electronic contract manufacturing services is a model where an original equipment manufacturer (OEM) hires a company that looks for the core manufacturing facilities on behalf of the hiring firm.

Sarasota, FL -- (SBWire) -- 04/01/2019 --Zion Market Research has published a new report titled "Electronics Contract Manufacturing Services Market by Process (Electronics Design & Engineering, Electronics Assembly & Manufacturing, Test Engineering, and Others) and by Application (Consumer Electronics, Automotive, Aerospace & Defense, Medical & Healthcare, Telecommunications, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast 2018–2025''. According to the report, the global electronics contract manufacturing services market was valued at around USD 18.63 billion in 2018 and is expected to reach approximately USD 32.05 billion by 2025, at a CAGR of slightly above 8% between 2019 and 2025.

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Electronic contract manufacturing services is a model where an original equipment manufacturer (OEM) hires a company that looks for the core manufacturing facilities on behalf of the hiring firm. The EMS providers provide design and engineering, assembly and manufacturing, functional testing, and rework services along with supply chain management services to offer complete service to the OEM or hiring firm.

There are numerous factors anticipated to drive the electronics contract manufacturing services market. These include the increasing demand for various consumer electronic products including high-end gaming PCs, home appliances, and computer hardware. Contract manufacturing companies do not limit their contracts to manufacture goods for a single hirer or OEM only. They offer their services to multiple OEMs, which helps them in procuring raw materials and other resources in large quantities at lower prices, thereby increasing the scope of profit for the EMS provider. Nowadays, several OEMs are increasingly outsourcing their circuit assembly requirements to regional and foreign EMS providers, which aid them in generating more profits. The business expansion in untapped regions is among the primary advantages offered by the EMS providers that are anticipated to drive the electronic contract manufacturing services market. However, as the lack of control over production and quality concerns related to the manufactured products may hamper the global electronics contract manufacturing services market in the future. Contract manufacturing helps OEMs in unraveling new growth opportunities for market growth.

The global electronics contract manufacturing services market is segmented on the basis of process and application. The process segment is divided into electronics design and engineering, electronics assembly and manufacturing, test engineering, and others (supply chain management services and rework services). The electronics design and engineering segment is anticipated to hold a significant market share in the future. The application segment is segmented into consumer electronics, automotive, aerospace and defense, medical and healthcare, telecommunications, and others. The telecommunications industry is anticipated to hold a substantial market share over the forecast time period.

By region, Asia Pacific is likely to register a notable growth in the global electronics contract manufacturing services market in the future, owing to the high adoption of electronics contract manufacturing services model by major countries, such as China, South Korea, India, Taiwan, and Japan. Taiwan is projected to hold a significant share of this regional market.

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Some key participants operating in the global electronics contract manufacturing services market are Foxconn, Flex Ltd., Asteelflash, Pegatron, Celestica, Inc., Kimball International, Venture Corporation, Benchmark Electronics, Actia Group, Zollner Elektronik, Key Tronic EMS, Sanmina Corporation, and Jabil.

This report segments the global electronics contract manufacturing services market into:

Electronics Contract Manufacturing Services Market: Process Analysis

Electronics Design and Engineering
Electronics Assembly and Manufacturing
Test Engineering
Others (Supply Chain Management Services and Rework Services)

Electronics Contract Manufacturing Services Market: Application Analysis

Consumer Electronics
Automotive
Aerospace and Defense
Medical and Healthcare
Telecommunications
Others

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Electronics Contract Manufacturing Services Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa