The North American electronics contract manufacturing (ECM) market has been forecast to increase at a compound annual growth rate (CAGR) of 7.3% over the next six years, increasing from a market value $38.8 billion in 2012, to be worth $59 billion by 2018.
The US ECM market is projected to increase at a CAGR of 6.4%, growing from a valuation of $20.3 billion in 2012, to reach $28.3 billion in 2018.
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.
Segment wise, computers and telecommunications are projected to account for nearly $243 billion in 2012 and $250 billion in 2013. The market is expected to reach $389 billion by 2018, a CAGR of 9.3%.
The consumer and industrial segment is projected to total $128 billion in 2012 and $132 billion in 2013. This segment is expected to reach nearly $203 billion in 2018, a CAGR of 8.9%.
Other applications should account for nearly $51 billion in 2012 and $53.4 billion in 2013. This segment is expected to reach nearly $78 billion 2018, a CAGR of 7.9%.
For more information on the North American electronics contract manufacturing market, see the latest research: North American ECM Market Report
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