Wellesley, Mass. – According to a new technical market research report, ELECTRONICS CONTRACT MANUFACTURING AND DESIGN SERVICES: THE GLOBAL MARKET (MFG021B) from BCC Research (www.bccresearch.com), the global market for ECM was valued at $410 billion in 2011, and is projected to reach $435 billion in 2013 and $670 billion in 2018, a five-year compound annual growth rate (CAGR) of 9% from 2013-2018.
The market for ECM can be broken down into three categories by application: computers and telecommunications, consumer and industrial, and other applications.
Computers and telecommunications are projected to account for nearly $250 billion in 2013 and $389 billion in 2018, a CAGR of 9.3%.
The consumer and industrial segment is projected to total $132 billion in 2013 and nearly $203 billion in 2018, a CAGR of 8.9%.
Other applications should account for nearly $54 billion in 2013 and $78 billion 2018, a CAGR of 7.9%.
Electronics contract manufacturing services include operations performed by companies, which may include designing, manufacturing, testing, distributing, and providing repair services for electronic assemblies required by original equipment manufacturers (OEMs). These services are also referred to as electronics manufacturing services.
Growth within the ECM business had been booming, which is one of the main reasons many new companies entered this market during the last few years. A slowdown occurred in the second half of 2008 and the first half of 2009, however, due to the global recession, which affected all of the players in the electronics contract manufacturing industry, particularly the companies that entered the business in 2005 and afterward.
This report will help its audience:
This report will be most useful to major OEMs, marketing managers, business development executives, and information and research center librarians.
In addition to MFG021B, BCC has also recently published MFG022A, MFG023A, MFG024A, and MFG025A. These reports cover electronics contract manufacturing markets with focuses, respectively, on the Asia-Pacific region, Europe, North America, and on emerging-markets.
Electronics Contract Manufacturing and Design Services: The Global Market( MFG021B )
Publish Date: August 2012
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: email@example.com as the source and publisher. Thank you.