New York City, 16 January 2019: The Report “Electronic Contract Manufacturing Services Market, [By Type (System Assembly
Manufacturers, PCB Assembly Manufacturers, Design & Build Manufacturers);
By Application (Consumer Electronics, Electronic Components, Computers &
Peripherals, Industrial Electronics, Others); By Regions]: Market Size &
Forecast, 2018 – 2026 ”According to a new study published global Electronic
Contract Manufacturing Services market is anticipated to reach USD 554.2
billion by 2026.
With the rising competition in the electronics industry,
increasing cost reduction pressure on OEMs, complexity of electronic products,
and decreased product lifecycles, the demand Electronic Contract Manufacturing
Services market has boosted globally.
For attaining this, OEMs are seeking support from electronic
contract manufacturing companies. These OEMs (hirer) subcontract electronic
manufacturing contract companies to take advantage from their design expertise,
supply chain management, and manufacturing capabilities. This helps the OEMs to
leverage resources, reduce costs, access prominent manufacturing technologies,
as well as reduce fixed capital investments and fulfil the Electronic Contract
Manufacturing Services market demand.
Browse Research Report On Electronic Contract Manufacturing Services Market Analysis: https://www.polarismarketresearch.com/industry-analysis/electronic-contract-manufacturing-services-market/
In addition to this, electronic contract manufacturing also
helps in retaining in-house activities and control responsibilities including,
quality assurance, product cost management, network solutions integration,
customer service, order management, customer interactions, and introduction of
new products. These factors are highly responsible for propelling the
Electronic Contract Manufacturing Services market growth for electronic
contract manufacturing services during the forecast period.
The design & engineering segment is expected to notice a
high growth during the projected period attributed to increasing preference of
OEMs for subcontracting their design requirements. Also, the global market is
observing an increase in growth, with the surging demand for electronic circuit
boards attributed to its rising significance in several electronic devices
including, smart phones and tablets. Several OEMs are subcontracting their
circuit assembly requirements to contract manufacturers, resulting in
significant increase in their profit margins.
The market operates in a highly competitive environment
particularly, the players located in Taiwan and China are providing very
economical subcontracted services for manufacturing. The current major focus of
these vendors is to support and promote green technologies in their
manufacturing processes. Another trend noticed in the current market scenario
is increase in acquisitions, mergers and partnership activities. Moreover, the
Electronic Contract Manufacturing Services market growth in the North American
region is propelled by automotive as well as medical industries. Several
R&D centers as well as healthcare institutes in North America are focused
on the development of innovative diagnostic products that they plan to
outsourcing from contract manufacturers. Such factors are expected to boost the
market in the region.
Access Press Release of Research Report By Polaris Market Research:
https://www.polarismarketresearch.com/press-releases/electronic-contract-manufacturing-services-market/
https://www.polarismarketresearch.com/press-releases/electronic-contract-manufacturing-services-market/
The major players Of Electronic Contract Manufacturing
Services Market Flextronics International Ltd, Hon Hai Precision Industry
(Foxconn), Universal Scientific Industrial Co Ltd, Shenzhen Kaifa Technology,
Beyonics Technology, New Kinpo Group, Benchmark Electronics, Sanmina-SCI,
Zollner Elektronik, Celestica, Jabil, Inc., and Elcoteq SE among others.
About Polaris Market Research
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