Global Electronic Contract Manufacturing Services Market to Reach $257 Billion in 2012, According to New Report by Global Industry Analysts, Inc.

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.


About The Author

Ibrar Ayyub

I am an experienced technical writer holding a Master's degree in computer science from BZU Multan, Pakistan University. With a background spanning various industries, particularly in home automation and engineering, I have honed my skills in crafting clear and concise content. Proficient in leveraging infographics and diagrams, I strive to simplify complex concepts for readers. My strength lies in thorough research and presenting information in a structured and logical format.

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