At 8.2% CAGR, the Europe Electronic Contract Assembly Market is projected to be worth US$ 47,594.17 million by 2028, says The Business Market Insights 

According to the Business Market Insights’ research, the Europe electronic contract assembly market was valued at US$ 32,019.89 million in 2023 and is expected to reach US$ 47,594.17 million by 2028, registering a CAGR of 8.2% from 2023 to 2028. Growth of semiconductor industry and integration of advanced technologies in electronic manufacturing are the critical factors attributed to the Europe electronic contract assembly market expansion.                     

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.  

On the contrary, growing concerns about information leaks and intellectual property theft, and instability hurdles the growth of Europe electronic contract assembly market. 

Based on service, the Europe electronic contract assembly market is segmented into electronic design & engineering, electronic assembly, and electronic manufacturing. The electronic manufacturing segment held 41.6% share of Europe electronic contract assembly market in 2023, amassing US$ 13305.40 million. It is projected to garner US$ 19425.63million by 2028 to expand at 7.9% CAGR during 2023–2028.

Based on end user, the Europe electronic contract assembly market is segmented into aerospace, industrial/automation, semiconductor/robotics, IT and telecom, and others. The others segment held 27.3% share of Europe electronic contract assembly market in 2023, amassing US$ 8818.47 million. It is projected to garner US$ 12850.98 million by 2028 to expand at 7.8 % CAGR during 2023–2028.  

Based on country, the Europe electronic contract assembly market has been categorized into the France, Germany, Italy, Russia, the UK, and the Rest of Europe.  Our regional analysis states that Germany captured 25.3% share of Europe electronic contract assembly market in 2023. It was assessed at US$ 8105.10 million in 2023 and is likely to hit US$ 13283.53 million by 2028, exhibiting a CAGR of 10.4% during the forecast period.      

Key players dominating the Europe electronic contract assembly market are Benchmark Electronics Inc; Celestica Inc; Fabrinet Co Ltd; Filtronic Plc; Flex Ltd; and Jabil Inc among others.   

• In Nov 2023, Filtronic, a UK-based RF and microwave technology company, has expanded its engineering team with new principal RF and filter design engineers, additional personnel including MMIC, PCB, and product engineers, and two graduate engineers. The company has also recruited three process engineers, including a system-in-package specialist. Filtronic has recently opened a new design center in Manchester, UK, dedicated to developing mmWave technology for satellite communications applications. This move is part of the company's strategy to target satellite communications as a key vertical market for Filtronic's mmWave systems expertise.
• In May 2023, Filtronic, the UK-based designer and manufacturer of RF-to-mmWave components and subsystems, has announced that it will exhibit its range of advanced components and subsystems for the aerospace and defense industry at the AOC Europe event Montpelier, France. The company offers a range of RF, microwave, and mmWave products that find use in a wide range of defense applications, including fire control, target acquisition, high-resolution imaging in Active Electronically Scanned Array (AESA) radar, and Electronic Warfare (EW) and Electronic Countermeasures (ECM). At the event, Filtronic will showcase its recently released Cerus range of E-band power amplifiers, transmit and receive modules, front-end modules, filters, and other RF components and subsystems for aerospace and defense applications.

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