Electronic Contract Manufacturing and Design Services Market Report 2026

The electronic contract manufacturing and design services market size has grown strongly in recent years. It will grow from $571.63 billion in 2025 to $625.82 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to complexity of electronic product designs, cost optimization through outsourcing, expansion of consumer electronics production, growth of global oem ecosystems, availability of specialized contract manufacturers.

The electronic contract manufacturing and design services market size is expected to see strong growth in the next few years. It will grow to $892.96 billion in 2030 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for rapid product prototyping, rising focus on localized manufacturing, expansion of electric vehicle electronics outsourcing, growing adoption of automation in ems facilities, increasing emphasis on quality and compliance management. Major trends in the forecast period include increasing outsourcing of electronics manufacturing, growing demand for end-to-end design services, rising adoption of advanced pcb assembly technologies, expansion of smart factory capabilities, enhanced focus on supply chain resilience.

The growing adoption of Internet of Things (IoT) devices is expected to propel the growth of the electronic contract manufacturing and design services market in the coming years. IoT devices, or Internet of Things devices, are unconventional computing devices that may connect to a network wirelessly and transfer data. Electronic contract manufacturing and design services play an important role in the successful development, manufacture, and market introduction of IoT devices, guaranteeing they are efficient, cost-effective, and satisfy the particular demands of numerous sectors and applications. For instance, in May 2023, according to IoT Analytics GmbH, a Germany-based complete data analytics structure for the Internet of Things, AI, edge computing, cloud-based computing, and Industry 4.0, the overall number of connected IoT devices is expected to have risen by 16% to 16. 7 billion globally in 2023. Therefore, the growing adoption of Internet of Things (IoT) devices is driving the electronic contract manufacturing and design services market.

Major companies operating in the electronic contract manufacturing and design services market are focusing on developing innovative products, such as electric cargo vans, to better meet the needs of their existing consumers. An electric cargo van is a form of commercial vehicle that uses a battery and electric motor pack instead of a standard gasoline or diesel engine, is meant to move products and commodities, and is often used for shipment and transport by businesses and organizations. For instance, in October 2023, Hon Hai Technology Group, a Taiwan-based electronic contract manufacturing and design services company, presented a revolutionary electric cargo van. The unveiling of an electric cargo van is part of a revolutionary lineup of technologies demonstrating contract design and manufacturing service (CDMS). Additionally, Foxconn announced mass production plans for the MODEL B, a sporty and clever crossover; a status update on the commercial manufacturing of its first family SUV, the MODEL C; and the future launch of its first self-developed experimental low-Earth-orbit satellite.

In October 2024, Cyient DLM Ltd., an India-based electronics manufacturing services (EMS) company, completed the acquisition of Altek Electronics for around US$ 29.2 million. This acquisition enables Cyient DLM to enhance its EMS and industrial electronics capabilities by leveraging Altek’s manufacturing expertise and customer base, while broadening its global presence and service portfolio. Altek Electronics Inc. is a US-based EMS company offering comprehensive electronics manufacturing and design solutions.

Major companies operating in the electronic contract manufacturing and design services market include Flex Ltd., Hon Hai Precision Industry Co. Ltd., Benchmark Electronics Inc., Celestica Inc., Venture Corporation Limited, Fabrinet, Plexus Corp., Sanmina Corporation, Compal Electronics Inc., Universal Scientific Industrial Co LTD, New Kinpo Group, Creating Technologies LP, Shenzhen Kaifa Technology, LCS Company, Bassett Industries Inc., Asteelflash Group, Beyonics Technology Ltd., Cal-Comp Electronics Public Company Limited, Cofidur EMS, Delta Group Co. Ltd., Enics AG, ESCATEC Mechatronics Sdn Bhd, Fideltronik Polska Sp. z o. o., GPV International A/S, Integrated Micro-Electronics Inc., Inventec Corporation, Jabil Circuit Inc., Kimball Electronics Inc., Kitron ASA, Kortek Corporation, LaBarge Inc., MC Assembly LLC, Nam Tai Electronics Inc., OSI Electronics Inc., Pemtron Corporation, Scanfil Oyj, SMTC Corporation, Sparton Corporation, TT Electronics plc, Zollner Elektronik AG

Asia-Pacific was the largest region in the electronics contract manufacturing and design services market in 2025.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic contract manufacturing and design services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic contract manufacturing and design services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic contract manufacturing and design services market includes revenues earned by entities by providing services such as electronic design and engineering, electronics assembly, electronic manufacturing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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