San Jose, California (PRWEB) November 11, 2008
Electronic Contract Manufacturing Services (EMS) as well as Original Design Manufacture (ODM) are among the most rapidly growing industries in the electronic assembling arena. Low-cost countries in Asia-Pacific, Latin America and Eastern Europe have emerged as leading outsourcing hotspots. Further, EMS companies broadened the spectrum of services they offer -- from simple manufacturing of components, to more complex manufacturing services, leading to a growing number of OEMs outsourcing an increasing portion of their manufacturing. With ever-increasing exposure to non-traditional end-use markets such as medical, industrial, aerospace, and defense, that are swiftly embracing outsourcing strategy, EMS offers lucrative potential in terms of future opportunities.
Global electronic contract manufacturing services market is forecast to reach US$257 billion in 2012, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the largest as well as the fastest-growing market, with sales estimated to exceed US$107 billion in 2010, while Europe stands second with an estimated 22% share. United States, a major market, is forecast to witness a negative CAGR of about 2%. Consumer electronics is the largest end-use market with an estimated value of over US$50 billion in 2008. Computers & peripherals, the second largest end-use segment, is forecast to reach close to US$55 billion in 2013.
Consolidation in the industry has been rampant over the past decade, the most recent being Flextronics' acquisition of rival Solectron. With growing competition, providers are on the look out for newer and novel ways to strengthen their market position. Leading players operating in the worldwide EMS market include Altadox Inc., Benchmark Electronics Inc.¸ Celestica Inc, Elcoteq Network Corporation, Flextronics International Ltd, Foxconn / Hon Hai Precision Industry Co Ltd., Jabil Circuit Inc., Plexus Corp., Sanmina-SCI Corp., Universal Scientific Industrial Co Ltd, and Venture Corporation Limited among others.
The report titled "Electronic Contract Manufacturing Services: A Global Strategic Business Report" published by Global Industry Analysts, Inc., has detailed analyses and coverage of the US, Canada, Japan, Europe (France, Germany, Italy, United Kingdom, and Rest of Europe), Asia-Pacific, and Latin America. The study reviews the landscape in an intensely competitive global market along with profiles and market shares of leading players. The report also focuses on product introductions/developments, and strategic corporate activity of major market participants across various product categories.
For more details about this research report, please visit http://www.strategyr.com/Electronic_Contract_Manufacturing_Services_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/