North America Electronic Contract Manufacturing and Design Market By Services Type (Electronic Manufacturing, Electronics Assembly, Electronic Design & Engineering, Others), By Industry Vertical (IT & Telecom, Consumer Electronics, Healthcare, Industrial, Automotive, Aerospace & Defense, Power & Energy and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America Electronic Contract Manufacturing and Design Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
Electronic contract manufacturers utilize numerous productive features associated with component design, the assemblage of circuit board and hardware, product fulfillment, process engineering, procurement, engineering of product, distribution, and after-sales services. Factors like the increasing requirement for resource optimization and the surge in the proliferation of mobile devices are anticipated to unlock the growth prospects for the electronic contract manufacturing and design market in the upcoming years.
North America is the prominent region of the electronic contract manufacturing and design market. A large number of R&D centers and medical facilities are situated in the region and they are aggressively working to develop sophisticated and portable diagnostic products, which they are willing to source through contract manufacturers. Therefore, these aspects are expected to create lucrative growth opportunities for the players operating in the regional electronic contract manufacturing and design market.
The US market dominated the North America 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 $148,742.3 million by 2027. The Canada market is poised to grow a CAGR of 11.7% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 10.7% 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.
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.
Scope of the Study
Market Segments Covered in the Report:
By Services Type
- Electronic Manufacturing
- Electronics Assembly
- Electronic Design & Engineering
By Industry Vertical
- IT & Telecom
- Consumer Electronics
- Aerospace & Defense
- Power & Energy
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Benchmark Electronics, Inc.
- Plexus Corporation
- Flextronics International, Ltd.
- Hon Hai Precision Industry Co., Ltd.
- Celestica, Inc. (Onex Corporation)
- Sanmina Corporation
- Jabil, Inc.
- Venture Corporation Limited
- Compal Electronics, Inc.
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