Electronics Manufacturing Services Industry Overview
The electronics manufacturing services market is semi-consolidated, owing to the improved adoption of these services across industries and the presence of several market players globally. Market players view product developments and innovations as a lucrative path for market expansion.
- January 2024: Creation Technologies, a Specialty Global Electronic Manufacturing Services provider, unveiled its expanded facility in Markham, Ontario. The new site, covering 118,500 square feet, is a 54% increase in size compared to its previous location. This expansion aims to enhance the company's capacity to deliver high-quality electronic manufacturing services, meeting the growing demands of its clients and supporting its long-term growth strategy.
- May 2024: Siemens AG, a technology giant, and Hon Hai Technology Group, known as Foxconn, inked a memorandum of understanding (MoU). Their goal is to spearhead digital transformation and sustainability in smart manufacturing, with a particular emphasis on electronics, ICT, and electric vehicles. The collaboration is set to establish an efficient engineering and manufacturing ecosystem. By combining their expertise, Siemens and Foxconn aim to create innovative solutions to drive advancements in global manufacturing processes, ensuring a more sustainable and technologically advanced future.
Electronics Manufacturing Services Market Leaders
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Vinatronic Inc.
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Benchmark Electronics Inc.
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Hon Hai Precision Industry Co. Ltd (Foxconn)
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Flex Ltd.
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Sanmina Corporation
- *Disclaimer: Major Players sorted in no particular order
