Global Market for Electronics Contract Manufacturing Worth $519 Billion in 2014

According to a new market research report available at Electronics.ca Publications, Electronics Contract Manufacturing and Design Services: The Global Market, the global market for electronics contract manufacturing technology was worth $321 billion in 2008. This is expected to increase to over $345 billion in 2009 and $519 billion in 2014, for a compound annual growth rate (CAGR) of 8.5 percent.

The market is broken down into the application segments of computers and telecommunication, consumer and industrial electronics, and others. Computers and telecommunications have the largest share of the market, generating $207 billion in 2008 and an estimated $225 billion in 2009. This should reach $352 billion in 2014, for a CAGR of 9.4 percent.

Consumer and industrial electronics were worth $92 billion in 2008 and an estimated $96.5 billion in 2009. This segment is expected to increase at a CAGR of 7.2 percent to reach $136.7 billion in 2014.

Other application segments generated $22 billion in 2008. This should increase to $23.5 billion in 2009 and $30.3 billion in 2014, for a CAGR of 5.2 percent.

Electronic contract manufacturers use a wide array of productive functions pertaining to printed circuit board and hardware assembly, as well as product engineering at the board and systems level, component design, process engineering, parts procurement, product fulfillment, logistics and distribution, and after-sales services and repair or sometimes installation services. From the standpoint of the labor process, these functions can be grouped around the design and assembly of printed circuit boards and related components, the final assembly of systems and logistics and inventory-related work.

Electronic contract manufacturers are serving a growing range of product markets including personal computers and servers, Internet routers and switching gear, communications equipment (especially mobile phones), consumer products such as computer game or television sets, industrial and automotive electronics, as well as space and aircraft electronics.

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