Electronics Manufacturing Services for Consumer Electronics Market Share [2032]
Electronics Manufacturing Services for Consumer Electronics Market Share [2032]
Segments - by Service Type (Design & Engineering, Manufacturing, Assembly, Testing, Aftermarket Services), by Application (Smartphones, Television Sets, MP3 players, Video Recorders, Desktops, Laptops, Others)
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| Report ID :CG-6804
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Report Description
Electronics Manufacturing Services for Consumer Electronics Market Outlook 2032
The electronics manufacturing services for consumer electronics market size was USD 501 Million in 2023 and is projected to reach USD 825.1 Million by 2032, expanding at a CAGR of 5.7% during 2024–2032.
Moreover, the shift towards hybrid work environments and the increasing consumer preference for portable computing solutions continue to drive demand for laptops, thereby bolstering the growth of the segment. EMS companies that can integrate the latest technological advancements into their processes, such as automation and precision engineering, and who can adapt quickly to changing market demands, are better positioned to capitalize on the growth opportunities within this segment.
Additionally, as consumer preferences shift towards more personalized and high-functioning devices, the role of design and engineering in EMS becomes increasingly critical. Companies that excel in this segment are often at the forefront of market trends, enabling them to offer cutting-edge solutions to their clients and end-users.
Electronics Manufacturing Services for Consumer Electronics Market Dynamics
Drivers
The continuous demand for newer, more advanced consumer electronics products such as smartphones, laptops, and wearable devices drives the market. As technology evolves, consumers seek the latest upgrades, which drives a constant demand for new product developments and thus, for EMS providers. Additionally, the globalization of technology companies has expanded the reach of consumer electronics, necessitating a robust and scalable manufacturing capability that EMS providers are well-positioned to offer.
The increasing complexity of electronic products, which requires sophisticated design and manufacturing processes increases the demand for electronics manufacturing services. Moreover, the rise of connected devices and the Internet of Things (IoT) has also expanded the market, as more devices now require electronic components and smart connectivity solutions that EMS companies can provide.
Restraints
The fluctuating raw material prices of consumer electronics hinder the market. The volatility forces EMS providers to maintain flexible operation scales, which can be difficult and costly. Supply chain disruptions, which can be caused by geopolitical tensions, trade disputes, or global pandemics, also pose a risk, as seen during the COVID-19 crisis, affecting the availability of raw materials and components and leading to delays and increased costs.
Opportunities
The growing trend towards sustainability in consumer electronics, with an increasing demand for environmentally friendly manufacturing practices and products creates new opportunities in the market. EMS providers that can innovate to offer greener solutions have the opportunity to differentiate themselves and attract clients looking to enhance their sustainability credentials.
The integration of artificial intelligence and machine learning in manufacturing processes, such as Industry 4.0, creates new opportunities for EMS providers to improve efficiency, reduce waste, and enhance production quality. Additionally, the increasing trend of reshoring and nearshoring provides opportunities for EMS providers located near major markets to capitalize on the growing demand for faster supply chains and reduced lead times.
Scope of the Electronics Manufacturing Services for Consumer Electronics Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
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Attributes |
Details |
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Report Title |
Electronics Manufacturing Services for Consumer Electronics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017 -2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Service Type (Design & Engineering, Manufacturing, Assembly, Testing, and Aftermarket Services), Application (Smartphones, Television Sets, MP3 players, Video Recorders, Desktops, Laptops, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast |
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Key Players Covered in the Report |
Hon Hai Precision Industry Co., Ltd.; Flex Ltd.; Jabil Inc.; Sanmina Corporation; Celestica Inc.; Benchmark Electronics, Inc.; Plexus Corp.; Venture Corporation Limited; Universal Scientific Industrial Co., Ltd.; Zollner Elektronik AG; SIIX Corporation; New Kinpo Group; Shenzhen Kaifa Technology Co., Ltd.; Wistron Corporation; Compal Electronics, Inc.; Pegatron Corporation; Quanta Computer Inc.; Inventec Corporation; UMC Electronics Co., Ltd.; and Kimball Electronics, Inc. |
Electronics Manufacturing Services for Consumer Electronics Market Segment Insights
Service Type Segment Analysis
Manufacturing segment dominates the electronics manufacturing services for consumer electronics market as it directly influences production efficiency, cost management, and the quality of the final products. Manufacturing in EMS involves a range of activities from the procurement of raw materials and components to the use of advanced manufacturing technologies such as automated assembly lines, surface mount technology, and wave soldering.
The efficiency of these processes is vital in maintaining the competitiveness of EMS providers in the fast-paced consumer electronics market. The ability to scale production up or down based on demand, manage supply chain logistics effectively, and implement cost-effective manufacturing solutions are key factors that drive the success of EMS companies in this segment. Moreover, as consumer electronics continue to evolve, becoming more complex and integrated with advanced technologies, the segment is expected to witness significant growth in the market.
The design & engineeringsegment is projected to grow at a significant growth rate during the forecast period. This segment involves the conceptualization and detailed design of electronic products, including circuit design, software development, system integration, and prototype development. Effective design and engineering not only ensure that the consumer electronics meet market demands but also adhere to regulatory standards and environmental considerations. This segment requires a high level of technical expertise and innovative capabilities to incorporate the latest technologies and materials into product designs.
Application Segment Analysis
Smartphones segment holds a major share of the market, as smartphones continue to evolve with new technologies such as 5G, advanced cameras, and integrated AI capabilities, the complexity of manufacturing and design also increases. EMS providers specializing in smartphones must stay at the forefront of technological advancements to meet these evolving requirements. The demand for smartphones globally ensures a steady flow of business for EMS companies, but it also pushes them towards continuous innovation and efficiency improvements in production processes.
The ability to manage high-volume production while maintaining quality and minimizing costs is crucial. Additionally, the rapid lifecycle of smartphone models demands quick turnaround times and flexible production capabilities from EMS providers. The growth of the segment is driven by consumer demand for more powerful, efficient, and feature-rich smartphones, which in turn fuels the need for EMS services that can deliver these sophisticated products.
The laptopssegment is projected to grow at a significant growth rate during the forecast period, due to their essential role in both personal and professional settings. The design and manufacturing processes involved in creating laptops demand precision and expertise, particularly as the market trends towards thinner, lighter, and more energy-efficient models. EMS providers servicing this segment must offer cutting-edge manufacturing technologies and robust design and engineering services to accommodate the rapid pace of innovation in laptops.
Regional Analysis
Asia Pacificdominates theelectronics manufacturing services for the consumer electronics market, due to its extensive manufacturing capabilities and the presence of several major electronics markets, including China, South Korea, and Japan. This region is renowned for its significant contributions to the global supply chain of consumer electronics, driven by advanced manufacturing infrastructures and the availability of skilled labor at competitive costs. The region benefits from a robust ecosystem that supports the electronics manufacturing industry, including a dense network of suppliers and component manufacturers.
Additionally, governments in this region often provide favorable policies, such as tax incentives and subsidies, which further bolster the market. The high concentration of electronics production in the region not only serves the local markets but also caters to international demands, making it a critical hub for global electronics companies seeking efficient and cost-effective manufacturing solutions. The region's dominance is further reinforced by its ongoing investments in emerging technologies such as 5G, IoT, and artificial intelligence, which are integrated into consumer electronics products, thereby driving further growth in the market.
North America, particularly the US, is projected to grow rapidly during the forecast period, driven by high-end manufacturing and a strong focus on design and innovation. North America is home to many leading technology firms and startups, creating a continuous demand for EMS providers that can offer not only manufacturing but also strong R&D capabilities. The region excels in the high-tech segment of consumer electronics, including advanced computing devices and smart consumer gadgets, where product complexity and the need for innovation are significant.
EMS providers in the region are often distinguished by their emphasis on quality, compliance with stringent regulations, and adoption of new manufacturing technologies. Moreover, the proximity to major technology markets facilitates closer collaboration between electronics companies and EMS providers, enhancing the efficiency of product development cycles and time-to-market. The regional market is also driven by a growing trend towards reshoring and nearshoring manufacturing operations, as companies seek to reduce supply chain risks and respond more rapidly to local market needs.
Segments
The Electronics Manufacturing Services for Consumer Electronics Market has been segmented on the basis of
Service Type
- Design & Engineering
- Manufacturing
- Assembly
- Testing
- Aftermarket Services
Application
- Smartphones
- Television Sets
- MP3 players
- Video Recorders
- Desktops
- Laptops
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Hon Hai Precision Industry Co., Ltd.
- Flex Ltd.; Jabil Inc.
- Sanmina Corporation
- Celestica Inc.
- Benchmark Electronics, Inc.
- Plexus Corp.
- Venture Corporation Limited
- Universal Scientific Industrial Co., Ltd.
- Zollner Elektronik AG
- SIIX Corporation; New Kinpo Group
- Shenzhen Kaifa Technology Co., Ltd.
- Wistron Corporation
- Compal Electronics, Inc.
- Pegatron Corporation
- Quanta Computer Inc.
- Inventec Corporation;
- UMC Electronics Co., Ltd.
- Kimball Electronics, Inc.
Competitive Landscape
Key players in the electronics manufacturing services for consumer electronics market are Hon Hai Precision Industry Co., Ltd.; Flex Ltd.; Jabil Inc.; Sanmina Corporation; Celestica Inc.; Benchmark Electronics, Inc.; Plexus Corp.; Venture Corporation Limited; Universal Scientific Industrial Co., Ltd.; Zollner Elektronik AG; SIIX Corporation; New Kinpo Group; Shenzhen Kaifa Technology Co., Ltd.; Wistron Corporation; Compal Electronics, Inc.; Pegatron Corporation; Quanta Computer Inc.; Inventec Corporation; UMC Electronics Co., Ltd.; and Kimball Electronics, Inc.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronics Manufacturing Services for Consumer Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronics Manufacturing Services for Consumer Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronics Manufacturing Services for Consumer Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronics Manufacturing Services for Consumer Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronics Manufacturing Services for Consumer Electronics Market Size & Forecast, 2023-2032
4.5.1 Electronics Manufacturing Services for Consumer Electronics Market Size and Y-o-Y Growth
4.5.2 Electronics Manufacturing Services for Consumer Electronics Market Absolute $ Opportunity
Chapter 5 Global Electronics Manufacturing Services for Consumer Electronics Market Analysis and Forecast By Service Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Service Type
5.1.2 Basis Point Share (BPS) Analysis By Service Type
5.1.3 Absolute $ Opportunity Assessment By Service Type
5.2 Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
5.2.1 Design & Engineering
5.2.2 Manufacturing
5.2.3 Assembly
5.2.4 Testing
5.2.5 Aftermarket Services
5.3 Market Attractiveness Analysis By Service Type
Chapter 6 Global Electronics Manufacturing Services for Consumer Electronics Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
6.2.1 Smartphones
6.2.2 Television Sets
6.2.3 MP3 players
6.2.4 Video Recorders
6.2.5 Desktops
6.2.6 Laptops
6.2.7 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Electronics Manufacturing Services for Consumer Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Region
7.1.2 Basis Point Share (BPS) Analysis By Region
7.1.3 Absolute $ Opportunity Assessment By Region
7.2 Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis By Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronics Manufacturing Services for Consumer Electronics Analysis and Forecast
9.1 Introduction
9.2 North America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
9.6.1 Design & Engineering
9.6.2 Manufacturing
9.6.3 Assembly
9.6.4 Testing
9.6.5 Aftermarket Services
9.7 Basis Point Share (BPS) Analysis By Service Type
9.8 Absolute $ Opportunity Assessment By Service Type
9.9 Market Attractiveness Analysis By Service Type
9.10 North America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
9.10.1 Smartphones
9.10.2 Television Sets
9.10.3 MP3 players
9.10.4 Video Recorders
9.10.5 Desktops
9.10.6 Laptops
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Electronics Manufacturing Services for Consumer Electronics Analysis and Forecast
10.1 Introduction
10.2 Europe Electronics Manufacturing Services for Consumer Electronics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
10.6.1 Design & Engineering
10.6.2 Manufacturing
10.6.3 Assembly
10.6.4 Testing
10.6.5 Aftermarket Services
10.7 Basis Point Share (BPS) Analysis By Service Type
10.8 Absolute $ Opportunity Assessment By Service Type
10.9 Market Attractiveness Analysis By Service Type
10.10 Europe Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
10.10.1 Smartphones
10.10.2 Television Sets
10.10.3 MP3 players
10.10.4 Video Recorders
10.10.5 Desktops
10.10.6 Laptops
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Electronics Manufacturing Services for Consumer Electronics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronics Manufacturing Services for Consumer Electronics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
11.6.1 Design & Engineering
11.6.2 Manufacturing
11.6.3 Assembly
11.6.4 Testing
11.6.5 Aftermarket Services
11.7 Basis Point Share (BPS) Analysis By Service Type
11.8 Absolute $ Opportunity Assessment By Service Type
11.9 Market Attractiveness Analysis By Service Type
11.10 Asia Pacific Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
11.10.1 Smartphones
11.10.2 Television Sets
11.10.3 MP3 players
11.10.4 Video Recorders
11.10.5 Desktops
11.10.6 Laptops
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Electronics Manufacturing Services for Consumer Electronics Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
12.6.1 Design & Engineering
12.6.2 Manufacturing
12.6.3 Assembly
12.6.4 Testing
12.6.5 Aftermarket Services
12.7 Basis Point Share (BPS) Analysis By Service Type
12.8 Absolute $ Opportunity Assessment By Service Type
12.9 Market Attractiveness Analysis By Service Type
12.10 Latin America Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
12.10.1 Smartphones
12.10.2 Television Sets
12.10.3 MP3 players
12.10.4 Video Recorders
12.10.5 Desktops
12.10.6 Laptops
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Electronics Manufacturing Services for Consumer Electronics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronics Manufacturing Services for Consumer Electronics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Service Type
13.6.1 Design & Engineering
13.6.2 Manufacturing
13.6.3 Assembly
13.6.4 Testing
13.6.5 Aftermarket Services
13.7 Basis Point Share (BPS) Analysis By Service Type
13.8 Absolute $ Opportunity Assessment By Service Type
13.9 Market Attractiveness Analysis By Service Type
13.10 Middle East & Africa (MEA) Electronics Manufacturing Services for Consumer Electronics Market Size Forecast By Application
13.10.1 Smartphones
13.10.2 Television Sets
13.10.3 MP3 players
13.10.4 Video Recorders
13.10.5 Desktops
13.10.6 Laptops
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Electronics Manufacturing Services for Consumer Electronics Market: Competitive Dashboard
14.2 Global Electronics Manufacturing Services for Consumer Electronics Market: Market Share Analysis, 2023
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hon Hai Precision Industry Co., Ltd. Flex Ltd.; Jabil Inc. Sanmina Corporation Celestica Inc. Benchmark Electronics, Inc. Plexus Corp. Venture Corporation Limited Universal Scientific Industrial Co., Ltd. Zollner Elektronik AG SIIX Corporation; New Kinpo Group Shenzhen Kaifa Technology Co., Ltd. Wistron Corporation Compal Electronics, Inc. Pegatron Corporation Quanta Computer Inc. Inventec Corporation; UMC Electronics Co., Ltd. Kimball Electronics, Inc.
Methodology
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