Analysis - by Service (Electronic Design & Engineering, Electronic Assembly, and Electronic Manufacturing); and End User (Aerospace, Industrial/Automation, Semiconductor/Robotics, IT & Telecom, and Others)
No. of Pages:89
Report Code:
BMIRE00028690
Category:
Electronics and Semiconductor
South & Central America Electronic Contract Assembly Market
The electronic contract assembly market in South & Central America is expected to grow from US$ 8,808.74 million in 2023 to US$ 11,575.41 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2023 to 2028.
Rising Penetration of 5G Fuels South & Central America Electronic Contract Assembly Market
The growing advancement of telecommunication networks is bringing higher speeds, better reliability, and lower latency. Various key players are enhancing the 5G infrastructure in developing countries. This 5G telecommunication network is the key enabler of applications such as intelligent automation, smart manufacturing, and connected mobility. Moreover, the growing 5G infrastructure is propelling the demand for new smartphones. The smartphone manufacturing industry is one of the industries witnessing a growing number of outsourcing electronic manufacturing contracts. Thus, rising number of smartphones, smart manufacturing, and intelligent automation owing to increasing penetration of the 5G network is expected to offer lucrative opportunities for the electronic contract assembly market.
South & Central America Electronic Contract Assembly Market Overview
The electronic contract assembly market in South America is segmented into Brazil, Argentina, and the rest of (SAM). The electronic automation industry in this region is proliferating with the increasing demand for automation solutions across sectors such as healthcare, consumer electronics, and manufacturing. Argentina, Chile, Brazil, Colombia, etc., are significant players in the electronics automation industry. Consumer electronics manufacturing plants require automation in assembly, packaging, and testing facilities. Automation solutions are needed in the electronic manufacturing industry to improve productivity and product quality. In March 2021, Nokia and WEG Brazil Launched WEG/V2COM project to accelerate the development of Industry 4.0 solutions with 5G Standalone Private Wireless using the Nokia Digital Automation Cloud (DAC) platform. Further, in March 2021, Nestle's confectionary factories were equipped with ABB's Safe Move collaborative robot technology to enhance employee safety while increasing efficiency. Therefore, the progress of the automation industry favors the growth of the electronic contract assembly market in South America.
South & Central America Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Electronic Contract Assembly Market Segmentation
Based on services, the South & Central America electronic contract assembly market is segmented into electronic design & engineering, electronic assembly, and electronic manufacturing. The electronic manufacturing segment registered the largest South & Central America electronic contract assembly market share in 2023.
Based on end user, the South & Central America electronic contract assembly market is segmented into aerospace, industrial/automation, semiconductor/robotics, IT and telecom, and others. the others segment held the largest South & Central America electronic contract assembly market share in 2023.
Based on country, the South & Central America electronic contract assembly market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America electronic contract assembly market share in 2023.
Benchmark Electronics Inc; Celestica Inc; Flex Ltd; and Jabil Inc are the leading companies operating in the electronic contract assembly market in the region.
South & Central America Electronic Contract Assembly Market Strategic Insights
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South & Central America Electronic Contract Assembly Market Segmentation Analysis
South & Central America Electronic Contract Assembly Market Report Highlights
South & Central America Electronic Contract Assembly Report Scope
Report Attribute
Details
Market size in 2023
US$ 8,808.74 Million
Market Size by 2028
US$ 11,575.41 Million
CAGR (2023 - 2028)
5.6%
Historical Data
2021-2022
Forecast period
2024-2028
Segments Covered
By Service
Electronic Design & Engineering
Electronic Assembly
Electronic Manufacturing
By End User
Aerospace
Industrial/Automation
Semiconductor/Robotics
IT & Telecom
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Benchmark Electronics Inc
Celestica Inc
Flex Ltd
Jabil Inc
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South & Central America Electronic Contract Assembly Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South & Central America Electronic Contract Assembly Market
Benchmark Electronics Inc
Celestica Inc
Flex Ltd
Jabil Inc
Frequently Asked Questions
How big is the South & Central America Electronic Contract Assembly Market?
The South & Central America Electronic Contract Assembly Market is valued at US$ 8,808.74 Million in 2023, it is projected to reach US$ 11,575.41 Million by 2028.
What is the CAGR for South & Central America Electronic Contract Assembly Market by (2023 - 2028)?
As per our report South & Central America Electronic Contract Assembly Market, the market size is valued at US$ 8,808.74 Million in 2023, projecting it to reach US$ 11,575.41 Million by 2028. This translates to a CAGR of approximately 5.6% during the forecast period.
What segments are covered in this report?
The South & Central America Electronic Contract Assembly Market report typically cover these key segments-
Service (Electronic Design & Engineering, Electronic Assembly, Electronic Manufacturing)
End User (Aerospace, Industrial/Automation, Semiconductor/Robotics, IT & Telecom)
What is the historic period, base year, and forecast period taken for South & Central America Electronic Contract Assembly Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Electronic Contract Assembly Market report:
Historic Period : 2021-2022
Base Year : 2023
Forecast Period : 2024-2028
Who are the major players in South & Central America Electronic Contract Assembly Market?
The South & Central America Electronic Contract Assembly Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Benchmark Electronics Inc
Celestica Inc
Flex Ltd
Jabil Inc
Who should buy this report?
The South & Central America Electronic Contract Assembly Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South & Central America Electronic Contract Assembly Market value chain can benefit from the information contained in a comprehensive market report.
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