Electronic Contract Assembly Market Recent Study Segments, Future Growth, Business Prospects
Market Research Future (MRFR) reveals controlling forces of the global electronic contract assembly market 2020 and their impact on the market in the years to come. The impact assessment of COVID 19 outbreak on the electronic contract assembly market is mentioned in the report. The electronic contract assembly market is expected to thrive at 10% CAGR across the analysis period in the review period. The electronic contract assembly market is expected to value at USD 157 billion from USD 88.40 billion in 2017. However, the complex installation process, and downside risk of economy pose challenge to the market.
The surge in the demand for automotive electronics and consumer electronics, alongwith increased demand for medical electronics can fuel the expansion of the electronic contract assembly market in the analysis period. However, the specifications retains on design can hinder the rise of the electronic contract assembly market through the analysis period.
The segment assessment of the global electronic contract assembly market is done by service and end-user.
The service based segments of the electronic contract assembly market are electronic assembly, electronic design & engineering, and electronic manufacturing among others. The electronic manufacturing segment can win high earning for the electronic contract assembly market in the years to come.
The end-user based segments of the electronic contract assembly market are semiconductor robotics, aerospace, industrial/automation, government, and IT & telecom among others. The increased application of electronic contract assembly in the IT and telecom sector can impel the expansion of the market in the years to come. The robotics segment can garner high revenue for the global market in the study period.
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Trends of the electronic contract assembly market is studied across Asia Pacific, North America, Europe, and rest of the world. The market of electronic contract assembly in the North America region is expected to rise at the highest pace across the analysis period due to increase in the adoption of technological advancements. The presence of different key electronic contract assembly solution providers across the region can prompt the expansion of the electronic contract market in the years to come. The US is expected to head in the regional market in the upcoming years. In Europe, the electronic contract assembly market is likely to thrive due to the rise in the demand for consumer electronics. The robust economic landscape of the region that support the surge in electronic contract assembly can impel the expansion of the market across the review period. The booming telecommunications and aerospace sectors can impel the expansion of the regional market. The increase in the demand for electronic contract assembly solutions by the regional semiconductor industry can also support the expansion of APAC market in the years ahead. The growth opportunities in medical electronics can also impel the regional market. In addition, the high penetration of EMS suppliers can promote the electronic contract assembly market in the analysis period.
SIIX (Japan), Elcoteq (Luxembourg), Beyonics Technology (Singapore), Zollner Elektronik (Germany), Benchmark Electronics Inc (US), Altadox Inc (US), Creation Technologies LP (Canada), Celestica Inc (Canada), Flex Ltd (Singapore), Compal Electronics Inc (Taiwan), Venture (Singapore), UMC Electronics Co Ltd (Japan), AsteelFlash Group (France), Fabrinet (Thailand), Plexus Corporation (US), Hon Hai Precision Industry Co Ltd (Taiwan), Jabil Circuits Inc (US), Sanmina SCI (US), Universal Scientific Industrial Co Ltd (Taiwan), Orient Semiconductor Electronics (Taiwan), New Kinpo Group (Taiwan), Shenzhen Kaifa Technology (China), Sumitronics (Japan), Kimball Electronics Group (US), and others are some noteworthy players in the electronic contract assembly market that are enlisted by MRFR.
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