Electronic Contract Assembly Trends and Forecast
The future of the global electronic contract assembly market looks promising with opportunities in the healthcare, automotive, industrial, aerospace & defense, IT & telecom, power & energy, and consumer electronic markets. The global electronic contract assembly market is expected to reach an estimated $268.6 billion by 2030 with a CAGR of 10.1% from 2024 to 2030. The major drivers for this market are increasing demand for electronic devices, such as smartphones, tablets, laptops, wearables, and IoT devices, rapid advancements in technology, and growing concerns about the environmental impact of electronics.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electronic Contract Assembly by Segment
The study includes a forecast for the global electronic contract assembly by service, end use industry, and region.
Electronic Contract Assembly Market by Service [Shipment Analysis by Value from 2018 to 2030]:
• Electronic Design & Engineering
• Electronic Assembly
• Electronic Manufacturing
• Others
Electronic Contract Assembly Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Industrial
• Aerospace & Defense
• IT & Telecom
• Power & Energy
• Consumer Electronics
• Others
Electronic Contract Assembly Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electronic Contract Assembly Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electronic contract assembly companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electronic contract assembly companies profiled in this report include-
• Benchmark
• Celestica
• Compal
• Creating Technologies
• Flextronics International
• Hon Hai Precision Industry
• Jabil Circuit
• Plexus
• Fabrinet
Electronic Contract Assembly Market Insights
Lucintel forecasts that electronic design & engineering is expected to witness highest growth over the forecast period due to rising need for electronic circuit boards.
Within this market, IT & telecom will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to widespread accessibility to raw materials and a labor force available at a competitive cost..
Features of the Global Electronic Contract Assembly Market
Market Size Estimates: Electronic contract assembly market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electronic contract assembly market size by service, end use industry, and region in terms of value ($B).
Regional Analysis: Electronic contract assembly market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different services, end use industries, and regions for the electronic contract assembly market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electronic contract assembly market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the electronic contract assembly market size?
Answer: The global electronic contract assembly market is expected to reach an estimated $268.6 billion by 2030.
Q.2 What is the growth forecast for electronic contract assembly market?
Answer: The global electronic contract assembly market is expected to grow with a CAGR of 10.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the electronic contract assembly market?
Answer: The major drivers for this market are increasing demand for electronic devices, such as smartphones, tablets, laptops, wearables, and IoT devices, rapid advancements in technology, and growing concerns about the environmental impact of electronics.
Q4. What are the major segments for electronic contract assembly market?
Answer: The future of the electronic contract assembly market looks promising with opportunities in the healthcare, automotive, industrial, aerospace & defense, IT & telecom, power & energy, and consumer electronic markets.
Q5. Who are the key electronic contract assembly market companies?
Answer: Some of the key electronic contract assembly companies are as follows:
• Benchmark
• Celestica
• Compal
• Creating Technologies
• Flextronics International
• Hon Hai Precision Industry
• Jabil Circuit
• Plexus
• Fabrinet
Q6. Which electronic contract assembly market segment will be the largest in future?
Answer: Lucintel forecasts that electronic design & engineering is expected to witness highest growth over the forecast period due to rising need for electronic circuit boards.
Q7. In electronic contract assembly market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to widespread accessibility to raw materials and a labor force available at a competitive cost..
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electronic contract assembly market by service (electronic design & engineering, electronic assembly, electronic manufacturing, and others), end use industry (healthcare, automotive, industrial, aerospace & defense, IT & telecom, power & energy, consumer electronic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electronic Contract Assembly Market, Electronic Contract Assembly Market Size, Electronic Contract Assembly Market Growth, Electronic Contract Assembly Market Analysis, Electronic Contract Assembly Market Report, Electronic Contract Assembly Market Share, Electronic Contract Assembly Market Trends, Electronic Contract Assembly Market Forecast, Electronic Contract Assembly Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.