Published Date: 22-Dec-2021
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According to a new report Global Electronic Contract Manufacturing and Design Market, published by KBV research, The Global Electronic Contract Manufacturing and Design Market size is expected to reach $730.5 billion by 2027, rising at a market growth of 9.4% CAGR during the forecast period.
Based on Service, For the development of new products, OEMs can develop and examine new prototypes. In addition, the services offered by contractors allow less capital investment and next-generation manufacturing capabilities to OEMs for new product development. OEMs are highly outsourcing their circuit assembly needs to electronic contract manufacturing and design services vendors, which remarkably boosts their profit shares.
Based on End-User, The healthcare segment would showcase a prominent growth rate. This is attributed to the increasing demand for medical devices. Factors such as the increased requirement to optimize resources, less fixed capital investment, and advanced product development are boosting the growth & demand for electronic contract manufacturing and design services across a wide range of end-use industries like medical, aerospace & defense, automotive, consumer electronics, and IT & telecommunication.
Based on Region, APAC region is a prominent region in the electronic contract manufacturing and design market. The region is currently being a booming example of redistributing the product configuration process among OEMs, which enables them to focus on principle abilities. This example is highly prevalent in the APAC region, which is expected to unlock growth prospects for the players operating in the regional electronic contract manufacturing and design market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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