The Europe Electronic Contract Manufacturing and Design Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
An increase in demand from end-use industries such as healthcare, automotive, aerospace & defense, and IT & Telecom would fuel the growth & demand for electronic contract manufacturing and design in the market. The surge in demand for medical devices is expected to create higher demand for these services in the healthcare sector. Moreover, the adoption of electronic contract manufacturing and design market among the end-use industries has significantly increased due to the higher requirement to optimize resources and technological advancements in manufacturing plants.
Europe is a promising region in the electronic contract manufacturing and design market. Major players like Sanmina, FLEX, and Jabil Circuit, are aiming to increase their manufacturing plants in the European region, hence boosting their production capabilities. These factors are expected to fuel the growth of the regional electronic contract manufacturing and design market.
The players operating in the regional market are currently offering a growing number of functionalities that are likely to boost the growth of the European electronic contract manufacturing and design market during the forecast period.
The Germany market dominated the Europe Electronic Contract Manufacturing And Design Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $47,017 million by 2027. The UK market is estimated to grow a CAGR of 8.1% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 9.7% during (2021 - 2027).
Based on Services Type, the market is segmented into Electronic Manufacturing, Electronics Assembly, Electronic Design & Engineering, Others. Based on Industry Vertical, the market is segmented into IT & Telecom, Consumer Electronics, Healthcare, Industrial, Automotive, Aerospace & Defense, Power & Energy and Others.
Free Valuable Insights: The Global Electronic Contract Manufacturing and Design Market Size will Hit $730.5 Billion by 2027, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Benchmark Electronics, Inc., Plexus Corporation, Flextronics International, Ltd., Hon Hai Precision Industry Co., Ltd., Celestica, Inc. (Onex Corporation), Sanmina Corporation, Fabrinet, Jabil, Inc., Venture Corporation Limited, and Compal Electronics, Inc.
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