Global Semiconductor Contract Manufacturing Market Forecast, 2018-2023
発行: Orion Market Research Pvt Ltd
Semiconductor contract manufacturing market is estimated to be growing at a considerable rate during the forecast period. Major factors contributing to the growth of the global semiconductor contract manufacturing market include rising adoption of electronic manufacturing services, increasing sales of electronic devices such as smartphone and laptops, reducing the cost of electronics for a competitive market, rising demand on electronics equipment in the automotive and industrial markets. Though, factors such as contract manufacturing risks such as quality and supply concerns, and government policies and taxes for trading serve as barriers for the market; however, growing manufacturing industry and increasing demand for the improved quality product in the aerospace industry create an opportunity for the market.
The global semiconductor contract manufacturing market is segmented on the basis of applications. The applications segment can be sub-divided into consumer electronics such as smartphones, home appliances, and laptops & computers; automotive electronics; healthcare electronics; aerospace electronics; and others.
The global semiconductor contract manufacturing market is further analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. North America holds a significant share in the global semiconductor contract manufacturing market. This is mainly due to the rising adoption of electronic manufacturing services and increasing demand for electronics equipment in the automotive and industrial markets significantly contributing towards the market growth in the region. Moreover, Asia-Pacific is projected to exhibit a considerable growth in the global semiconductor contract manufacturing market over the forecast period. This is due to increased sales of electronic devices such as smartphone and laptops and reduced cost of electronics for a competitive market.
Some of the key players operating in the global semiconductor contract manufacturing market are Axenics Inc., Cascade Systems Technology LLC, Benchmark Electronics Inc., and others. In order to sustain in the competitive market, these players adopt various strategies such as mergers & acquisition, Partnerships & collaborations, expansions, joint ventures, and product development for the growth of the market.
The market study of semiconductor contract manufacturing market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
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The report is intended for electronics equipment manufacturers, electronics manufacturing service providers for overall market analysis, and competitive analysis. The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Global semiconductor contract manufacturing market is segmented on the basis of regional outlook and following segments: