Electronic Contract Manufacturing Services: A Global Strategic Business Report
San Jose, California (PRWEB) September 19, 2014
Follow us on LinkedIn - Electronic contract manufacturing services market includes companies engaged in providing manufacturing services to various Original Equipment Manufacturers (OEMs). The market includes electronic manufacturing services (EMS) and Original Design Manufacturing (ODM) services. Over the years, EMS companies broadened the spectrum of services they offered from simple manufacturing of components to more complex manufacturing services. This led many OEMs to outsource a large part of their manufacturing activity. ODMs are companies that provide manufacturing services in addition to product designing services. Increasing demand for electronic products in various end-use markets, growing demand for mobile internet ready devices such as tablets and smartphones, and effervescent innovation in the market are few of the major growth drivers.
Rising importance of design uniqueness is driving demand for original design manufacturing services. Global economic downturn during 2007-2009, followed by weak economic growth in the United States and escalation of the Eurozone crisis during the year 2012, negatively impacted consumer confidence across major markets, which in turn resulted in reduced sales of electronic equipment/devices. Rapid technology obsolescence additionally exerted significant competitive pressure on market participants. Against this backdrop, the electronic contract manufacturing services sector witnessed decline in growth. Electronic contract manufacturing services are predominantly leveraged by consumer/industrial electronics, computers & peripherals, telecommunication companies. Manufacturers of computers & peripherals, particularly notebook PCs, have traditionally been the dominant customer base for electronic contract manufacturing services. However, significant declines in computer shipments over the last few years are creating a structural upheaval in the market.
The meteoric rise in demand for mobile internet ready devices such as tablets and smartphones coupled with continued focus on affordable manufacturing by OEMs will help drive demand for electronic contract manufacturing services in the coming years. Growth will also be driven by increased outsourcing of manufacturing operations by OEMs in newer segments such as automotive, medical, industrial and aerospace and defence.
As stated by the new market research report on Electronic Contract Manufacturing Services, Asia-Pacific represents the largest regional market worldwide. Availability of strong electronics supply chain infrastructure and a well-developed component and subsystem vendor base in the region have transformed Asia-Pacific into a hub for EMS manufacturing. The region also represents the fastest growing market with a CAGR of 3.7% over the analysis period, supported by low cost labor, steady economic growth, increasing disposable income, rising standards of living and increased per capita spending on electronic products.
Major players covered in the report include Celestica Inc., Compal Electronics Inc., Flextronics International Ltd., Foxconn/Hon Hai Precision Industry Co. Ltd., Incap Oyj, Inventec Corporation, Jabil Circuit Inc., Kitron ASA, Pegatron Corporation, Plexus Corp., Quanta Computer Inc., Sanmina Corporation, VTech Communications Ltd., and Wistron Corporation, among others.
The research report titled “Electronic Contract Manufacturing Services: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, challenges, mergers, acquisitions and other key strategic corporate developments of major companies worldwide. The report provides revenue estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America) and Rest of World. End-use markets analyzed include Consumer Electronics, Computers & Peripherals, Telecommunications, Industrial Electronics and Other End-Use Segments.
For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Electronic_Contract_Manufacturing_ECM_Services_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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