North America Electronic Contract Assembly Market Forecast to 2028 -Regional Analysis

Description

List of Tables

The electronic contract assembly market in North America is expected to grow from US$ 46,761.83 million in 2023 to US$ 74,421.73 million by 2028. It is estimated to grow at a CAGR of 9.7 % from 2023 to 2028.

Integration of Advanced Technologies in Electronic Manufacturing is Fueling North America Electronic Contract Assembly Market

The electronic manufacturing industry is witnessing the rising adoption of cloud-based design and analysis, artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and augmented reality (AR) in manufacturing operations. Utilizing these advanced technologies requires high capital investment, a skilled workforce, and industrial expertise. The contract assembly services help OEMs by offering flexibility to focus on core capabilities with reduced production costs and improved operational efficiencies. Owing to such benefits, various key market players in the electronic manufacturing industry are outsourcing electronic manufacturing to third-party service providers. Thus, the integration of advanced technology in electronic manufacturing is gaining popularity in recent years, which is driving the electronic contract assembly market.

North America Electronic Contract Assembly Market Overview

The electronics contract assembly market in North America is sub segmented into the US, Canada, and Mexico. Electronic products are increasingly adopted in industries such as automation, semiconductors, and IT & telecom. Electronic component providers are flourishing due to the highly competitive semiconductor industry in North America. According to Semiconductor Industry Association (SIA), in 2023, the region registered the highest increase in semiconductor production to date. Semiconductor companies in the US invest nearly one-fifth of their annual revenues in R&D.

In electronics and technology, semiconductors are vital to powering everything, such as toys, cars, smartphones, and thermostats. Semiconductors have also been instrumental in the proliferation of the electronics industry and the introduction of breakthrough technologies such as machine learning and artificial intelligence. In May 2021, chip makers, tech giants, and cloud companies in the US partnered to push semiconductor funding for launching new semiconductor products. The availability of such robust funding for semiconductor chips would help the US build the surplus capacity required to have sturdier supply chains to ensure access to different technologies when needed.

North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)

North America Electronic Contract Assembly Market Segmentation

The North America electronic contract assembly market is segmented into service, end user, and country.

Based on services, the North America electronic contract assembly market is segmented into electronic design & engineering, electronic assembly, and electronic manufacturing. The electronic manufacturing segment registered the largest market share in 2023.

Based on end user, the North America electronic contract assembly market is segmented into aerospace, industrial/automation, semiconductor/robotics, IT and telecom, and others. the industrial/automation segment held the largest market share in 2023.

Based on country, the North America electronic contract assembly market has been categorized into the US, Canada, and Mexico. The US dominated the market share in 2023.

Benchmark Electronics Inc; Celestica Inc; Creation Technologies LP; Fabrinet Co Ltd; Flex Ltd; Jabil Inc; Matric Group Inc; and Precision Manufacturing Company Inc are the leading companies operating in the electronic contract assembly market in the region.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America electronic contract assembly market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America electronic contract assembly market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the electronic contract assembly market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00028689

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Electronic Contract Assembly Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
4.3 Expert Opinions

5. North America Electronic Contract Assembly Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of Semiconductor Industry
- 5.1.2 Integration of Advanced Technologies in Electronic Manufacturing
5.2 Market Restraints
- 5.2.1 Growing Concerns About Information Leaks and Intellectual Property Theft, and Instability
5.3 Market Opportunities
- 5.3.1 Rising Penetration of 5G
5.4 Future Trends
- 5.4.1 Shift Toward Electric Vehicles (EVs)
5.5 Impact Analysis of Drivers and Restraints

6. Electronic Contract Assembly Market - North America Market Analysis

6.1 North America Electronic Contract Assembly Market Overview
6.2 North America Electronic Contract Assembly Market Revenue Forecast and Analysis

7. North America Electronic Contract Assembly Market Revenue and Forecast to 2028 - Service

7.1 Overview
7.2 North America Electronic Contract Assembly Market, By Service (2022 & 2028)
7.3 Electronic Design And Engineering
- 7.3.1 Overview
- 7.3.2 Electronic Design And Engineering: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
7.4 Electronic Assembly
- 7.4.1 Overview
- 7.4.2 Electronic Assembly: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
7.5 Electronic Manufacturing
- 7.5.1 Overview
- 7.5.2 Electronic Manufacturing: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)

8. North America Electronic Contract Assembly Market Revenue and Forecast to 2028 - End-User

8.1 Overview
8.2 North America Electronic Contract Assembly Market, By End-User (2022 & 2028)
8.3 Aerospace
- 8.3.1 Overview
- 8.3.2 Aerospace: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial/Automation
- 8.4.1 Overview
- 8.4.2 Industrial/Automation: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
8.5 Semiconductor/Robotics
- 8.5.1 Overview
- 8.5.2 Semiconductor/Robotics: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
8.6 IT and Telecom
- 8.6.1 Overview
- 8.6.2 IT and Telecom: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: North America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)

9. North America Electronic Contract Assembly Market -Country Analysis

9.1 North America: Electronic Contract Assembly Market
- 9.1.1 North America: Electronic Contract Assembly Market, by Key Country
  - 9.1.1.1 US: Electronic Contract Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.1.1 US: Electronic Contract Assembly Market, By Service
    - 9.1.1.1.2 US: Electronic Contract Assembly Market, by End-User
  - 9.1.1.2 Canada: Electronic Contract Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.2.1 Canada: Electronic Contract Assembly Market, By Service
    - 9.1.1.2.2 Canada: Electronic Contract Assembly Market, by End-User
  - 9.1.1.3 Mexico: Electronic Contract Assembly Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.1.1.3.1 Mexico: Electronic Contract Assembly Market, By Service
    - 9.1.1.3.2 Mexico: Electronic Contract Assembly Market, by End-User

10. Industry Landscape

10.1 Overview
10.2 Market Initiative
10.3 Product Development
10.4 Mergers & Acquisitions

11. Company Profiles

11.1 Creation Technologies LP
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 Precision Manufacturing Company Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 Benchmark Electronics Inc
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Celestica Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
11.5 Fabrinet Co Ltd
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
11.6 Matric Group Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
11.7 Jabil Inc
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
11.8 Flex Ltd
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners
12.2 Word Index