Europe Electronic Contract Manufacturing and Design Services Market Insights Forecasts to 2032.

• The Europe Electronic Contract Manufacturing and Design Services Market Size was valued at USD 86.5 Billion in 2022.
• The Market is Growing at a CAGR of 9.7% from 2022 to 2032.
• The Europe Electronic Contract Manufacturing and Design Services Market Size is expected to reach USD 217.83 Billion by 2032.
• Europe is expected to grow the fastest during the forecast period.

The Europe Electronic Contract Manufacturing and Design Services Market Size is expected to reach USD 217.83 Billion by 2032, at a CAGR of 9.7% during the forecast period 2022 to 2032.

Market Overview

Electronic Contract Manufacturing and Design Services is an industrial structure in which a company develops, tests, produces, markets, and delivers return/repair services for original equipment manufacturers, or OEMs, of electronic components and systems. Electronics manufacturing services (EMS) is an alternative description for this technology. Contract manufacturers' expanding functions, such as sub-assembly production, the development, and engineering of electronic components, component assembly, and functional inspection, are likely to boost the market expansion in Europe. OEMs' high priority on contracting the manufacturing of electronics in order to concentrate more on their primary strengths is also predicted to emerge as a future driver contributing to market expansion throughout the projection period. In every segment of EMS, providers are rapidly adopting big data as well as applying predictive maintenance technology. Predictive maintenance envisions connecting workplaces through the internet to remotely track and regulate processes via mobile devices or personal PCs.

Report Coverage

This research report categorizes the market for Europe Electronic Contract Manufacturing and Design Services Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe Electronic Contract Manufacturing and Design Services Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Europe Electronic Contract Manufacturing and Design Services Market.

Driving Factors

Electronics like televisions, smartphones, and other types of consumer electronics are contributing to the expansion of the European Electronic Contract Manufacturing and Design Services industry. Technological improvements, particularly in IoT, AI, and 5G, are likely to result in a boost in the popularity of electronics manufacturing services. Because of parameters such as industrialization and rapid technological advancement, the rising complexity of the electronics distribution network has given rise to a growth in the contracting of manufacturing and design services. The medical device industry's expansion is also boosting the demand for electronic contract manufacturing and design services. Additionally, the growing desire for regional supply chains, as well as the prerequisite for a highly efficient production process, reflects favorably for market expansion. Manufacturers are outsourcing production operations in order to decrease operational expenses and focus on key strengths. As they continue their drive to minimize their investment in inventories, facilities, and manufacturing equipment, market players are incorporating cutting-edge technologies such as AI and 3D digital printing into their manufacturing operations.

Market Segment

• In 2022, the electronic manufacturing segment is expected to hold the largest share of Europe Electronic Contract Manufacturing and Design Services Market during the forecast period.

Based on the services, the Europe Electronic Contract Manufacturing and Design Services Market is classified into electronic design & engineering, electronics assembly, electronic manufacturing, and others. Among these, the electronic manufacturing segment is expected to hold the largest share of the Europe Electronic Contract Manufacturing and Design Services Market during the forecast period. This type of offering provides enterprises with a constant supply of services while also lowering operating expenses and mitigating hazards. The region's rapid technological breakthroughs, combined with the increasing consumption of electronic devices across industries such as aerospace, healthcare, automotive, and telecommunications, have enhanced the demand for electronic manufacturing services.

• In 2022, the IT & telecom segment accounted for the largest revenue share of more than 42.3% over the forecast period.

On the basis of end-use industry, the Europe Electronic Contract Manufacturing and Design Services Market is segmented into healthcare, automotive, industrial, aerospace & defense, IT & telecom, power & energy, consumer electronics, and others. Among these, the IT & telecom segment dominates the market with the highest revenue share of 42.3% over the forecast period. To meet expanding demands from customers, the industry is constantly embracing innovative technology solutions. Electronic contract manufacturing and design services provide increased versatility and adaptability in producing technological products in response to market needs. The industry primarily contracts out these services in order to provide personalized and specialized solutions while handling large-scale manufacturing and customer variation demand efficiently.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe Electronic Contract Manufacturing and Design Services Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Jabil Inc.
• Kitron ASA
• Neways
• NORBIT ASA
• NOTE AB
• Benchmark Electronics
• Cicor Management AG
• Enis
• VIDEOTON HOLDING ZRt
• Zollner Elektronik
• Sanmina Corp.
• Scanfil
• USI

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Europe Electronic Contract Manufacturing and Design Services Market based on the below-mentioned segments:

Europe Electronic Contract Manufacturing and Design Services Market, By Service

• Electronic Design & Engineering
• Electronics Assembly
• Electronic Manufacturing
• Others   

Europe Electronic Contract Manufacturing and Design Services Market, By End-Use Industry

• Healthcare
• Automotive
• Industrial
• Aerospace & Defense
• IT & Telecom
• Power & Energy
• Consumer Electronics
• Others   

Europe Electronic Contract Manufacturing and Design Services Market, By Country

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Rest of Europe