Global Electronic Manufacturing Software Market
Table of Contents
Chapter 1 Preface
1.1 Report Description
1.1.1 Target Audience
1.1.2 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.5 Approach Adopted
184.108.40.206 Bottom-Up Approach
220.127.116.11 Top down Approach
1.4.6 Data Triangulation
1.5 Research Assumptions
1.6 Data Sources
Chapter 2 Recent Development in Electronic Manufacturing Software
Chapter 3 Market Dynamics
3.1 Market Drivers
3.1.1 Emergence of Industrial Internet of Things (IIoT)
3.1.2 Increasing Need for Process Optimization
3.2 Market Restraints
3.2.1 Lower Return on Investment
3.3.1 Rising Cloud Adoption Trends
Chapter 4 Global Electronic Manufacturing Software Market Analysis, by Product
4.2 Electronic Components
4.3 Electronic Devices
Chapter 5 Global Electronic Manufacturing Software Market Analysis, by Service Offering
5.2 Design and Development
5.3 Supply Chain Solutions
5.4 New Product Introduction
5.7 Aftermarket Services
Chapter 6 Global Electronic Manufacturing Software Market Analysis, By Industry Vertical
6.2 Healthcare and Lifesciences
6.3 Aerospace and Defence
6.7 Building and Construction
6.8 Networking and Telecommunication
Chapter 7 Global Electronic Manufacturing Software Market Analysis, By Service Offering and Industry Vertical
7.2 Healthcare and Lifesciences
7.3 Aerospace and Defense
7.7 Building and Construction
7.8 Networking and Telecommunication
Chapter 8 Global Electronic Manufacturing Software Market Analysis
Chapter 9 North America Electronic Manufacturing Software Market Analysis
Chapter 10 Europe Electronic Manufacturing Software Market Analysis
Chapter 11 Asia Pacific Electronic Manufacturing Software
Chapter 12 Latin America Electronic Manufacturing Software Market Analysis
Chapter 13 Middle East and Africa Electronic Manufacturing Software Market Analysis
Chapter 14 Company Profiles
14.1 JABIL, INC
14.2 PLEXUS CORP
14.3 FLEXTRONICS INTERNATIONAL LTD.
14.4 FOXCONN ELECTRONICS INC
14.5 PEGATRON CORPORATION
14.6 CELESTICA, INC
14.7 SANMINA CORPORATION
14.8 UNIVERSAL SCIENTIFIC INDUSTRIAL
14.9 BENCHMARK ELECTRONICS
14.10 SIIX CORPORATION
14.11 INTEGRATED MICROELECTRONICS, INC
14.12 KEY TRONIC EMS
14.13 KIMBALL INTERNATIONAL
14.14 ZOLLNER ELEKTRONIK
14.15 CREATION TECHNOLOGIES
14.17 VENTURE CORPORATION
Chapter 15 Market Share of the Leading Companies in
Electronic Manufacturing Software Market
The global electronic manufacturing software market has been segmented on the basis of product into component, devices and others. The component segment with around 40% share in the year 2018, occupies the largest market of electronic manufacturing software market across the globe. Additionally, the component segment is anticipated to cross a value of around USD 10,300 million by the end of 2027 by registering a CAGR of around 1% over the forecast period. Further, the devices segment is estimated to grow with the highest CAGR of around 2% over the forecast period.
The global electronic manufacturing software market is segmented by regions into0 North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among thee regions, the market of North America electronic manufacturing software market is driven by U.S. and China, where U.S. held the dominant market share of around 65% during the year 2018. Presence of numerous manufacturing companies in the nation, especially in the Southeastern United States, predicts a significant growth of electronic manufacturing software market in the United States in the upcoming years. Additionally, the market in North America is expected to expand by observing the growth rate of around 1.05x over the forecast period, which in turn is estimated to have a positive effect on the demand for electronic manufacturing software in the long run. Moreover, the electronic manufacturing software market in North America, which held a market share of around 34% in the year 2018, is anticipated to cross a value of around USD 8400 million in 2027.
Further, Germany, U.K., France and Italy are the prominent countries that are driving the growth of the Europe electronic manufacturing software market, where Germany accounted for the largest market share of around 25% in the year 2018 and is anticipated to cross a value of around USD 1500 million by the end of 2027.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
With the increasing trends of industrial internet of things (IIoT) and the need for automation in industries around the world, industries across different sectors are increasingly deploying sensors and devices that are inter-connected to each other, ranging from machines in a production line to the motors inside a plane, that continuously send signals and data to remote systems for constant monitoring and control of equipment. Further, increasing funding for research and development has led to the development of advanced microprocessor chips that are capable enough to work smartly with greater workloads and enhanced data processing capabilities, providing organizations to understand their businesses and factory lines in-depth from the data collected by the sensors, thereby helping them further to increase their work efficiency and reduce operational cost. As such, there is a growing need for software that can efficiently manage all these interconnected devices that play a major role in the IIoT system. Additionally, increasing need for process optimization amongst organizations to lower their operational cost and also lower down the capex on labor intensive machines are some of the additional factors anticipated to drive the growth of the global electronic manufacturing software market.
Owing to the increasing number of software companies around the world, the competition in the industry is massive, leading to lower return on investment on the business, which is anticipated to impact negatively towards the growth of the global electronic manufacturing software market.
Some of the affluent industry leaders in the global electronic manufacturing software market are Plexus Corp., Jabil Inc., Flextronics International, Ltd., Foxconn Electronics Inc., PEGATRON Corporation, Celestica Inc., Sanmina Corporation, Universal Scientific Industrial, Benchmark Electronics, Inc., and SIIX Corporation.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Increasing need for automation across industries is one of the major factors that is driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of around 1.5% over the forecast period, i.e. 2019-2027.
Ans: The market in Europe is anticipated to provide more business opportunities for growth in the future.
Ans: The major players in the global electronic manufacturing software market are Plexus Corp., Jabil Inc., Flextronics International, Ltd., Foxconn Electronics Inc., PEGATRON Corporation, Celestica Inc., Sanmina Corporation, Universal Scientific Industrial, B
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The component segment, which is a sub-segment of the product segment, held the largest market share of around 40% in the year 2018 is anticipated to show significant growth opportunity.
Ans: Growing concerns for the lower return on investment is one of the major factors anticipated to act as a barrier towards the growth of the global electronic manufacturing software market.