The European electronics contract manufacturing market has been forecast to increase at a compound annual growth rate (CAGR) of 7% over the next six years, improving from a valuation of $36.1 billion recorded in 2012, to be worth $54 billion by 2018.
Electronic contract manufacturing is having an increasing effect on the European economy and has influenced the cost structure of various electronic products.
The use of contract manufacturers allows original equipment manufacturers (OEMs) to focus on product development, reduce labour and material costs and build networks of dedicated suppliers that are able to offer added value to customers.
Central and East European countries (CEE) countries are projected to reach $7.8 billion in 2012 and $8.4 billion in 2013. This segment is expected to rise to $12 billion by 2018, a CAGR of 7.4%.
However, the paramount factor affecting the electronics contract manufacturing business in 2011 is the sovereign debt crisis in Europe.
Contract manufacturers assemble a variety of electronic goods for both enterprise and consumer brands, from Apple Inc.'s iPhone, iPod and iPad, to Cisco System's routers, to Hewlett-Packard Co.'s PCs.
For more information on the European electronics contract manufacturing market, see the latest research: European Electronics Contract Manufacturing Market Report
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