Global Electronic Contract Assembly Market - Segmented by Type of Activity (PCB Assembly Services, Cable/Harness Assembly Services, Membrane/Keypad Switch Assembly Services), End User, and Geography - Growth, Trends, and Forecasts (2022 - 2030)

The global electronic contract assembly market is expected to register a CAGR of 9.2% during the forecast period of 2018 - 2023. Electronic contract manufacturers have been using a wide range of productive functions for component design, assembly of circuit board, and several such other services. Electronic contract assembly services are expected to witness robust growth across several end users, such as consumer electronics, automotive, and healthcare, due to low penetration rates and significant growth opportunities. The increasing need to optimize the resources is a major factor influencing the growth of the electronic contract assembly services market over the forecast period. The significant benefit of using electronic contract manufacturing services, like assembling of PCBs, is expected to reduce the time and be cost effective with several resources, in addition to firms being able to focus on core competencies better, rather than utilizing resources for manufacturing activities.

The Automotive Sector Accounts for a Significant Share

The upsurge in the demand for electrical vehicles has boosted the need for companies to outsource their electronic component manufacturing, thereby spurring the EMS market in the automotive sector. Connected car and vehicle infotainment system features are at the forefront, enhancing the need for increasingly complex software-driven functionality.

Asia-Pacific Poised to Account for the Major Share

Due to the demand from countries like China and India, Asia-Pacific occupied a significant market share. China has transformed into a major hub of electronics production. The low-cost labor and availability of raw materials are some of the factors influencing the electronic assembly services in this region.

Major Players - AMPHENOL INTERCONNECT PRODUCTS CORP. (AIPC), ATL TECHNOLOGY, COMPULINK, CABLE ASSEMBLIES INC., CONNECT SYSTEMS NV, LEONI SPECIAL CABLES LTD, SEASON COMPONENTS CO. LTD, TYCO ELECTRONICS, VOLEX GROUP PLC, MACK TECHNOLOGIES INC., MULTI-FINELINE ELECTRONIX INC., TTM TECHNOLOGIES INC., and VIASYSTEMS GROUP INC., amongst others.

Key Developments in the Market

• December 2017 - Connect Group expanded its production capacity in Eastern Europe, to address the increasing customer requirements.

Reasons to Purchase this Report

• Impact of increasing applications in the automotive industry.
• Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
• Growth across various end users, such as automotive, industrial, and healthcare.
• Regional analysis of the market.
• Identify the latest developments, market shares, and strategies employed by the major players.
• 3 months analyst supports along with the Market Estimate sheet (in excel).

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