
Middle East & Africa Electronic Contract Assembly Market
No. of Pages: 91 | Report Code: BMIRE00028687 | Category: Electronics and Semiconductor
No. of Pages: 91 | Report Code: BMIRE00028687 | Category: Electronics and Semiconductor
The electronic contract assembly market in Middle East & Africa is expected to grow from US$ 6,020.97 million in 2023 to US$ 7,637.28million by 2028. It is estimated to grow at a CAGR of 4.9 % from 2023 to 2028.
Rising Penetration of 5G Fuels Middle East & Africa 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.
Middle East & Africa Electronic Contract Assembly Market
Overview
The Middle East & Africa electronic contract assembly market is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa (MEA). The telecom sector in this region has experienced significant growth over the last decade owing to an upsurge in investments by private and public players across this sector. With the digital revolution and the telecom sector’s proliferation, the demand for new electronic devices has increased in the Middle East & Africa. This has influenced various telecom companies to modify their operations to be able to develop electronic components and devices. In November 2023, Omantel (a telco) launched its first 400GbE DCI service in the Middle East with the help of Ciena. Electronics play a vital role in the telecom industry. Such launches and investments in the development and adoption of telecom industry are expected to propel the growth of the electronic contract assembly market in the MEA.
Israel is one of the leading players in the aerospace & defense industry in the MEA. A well-established aerospace industry in Israel is creating lucrative opportunities for electronics providers. Such investments in the aerospace industry, coupled with a rise in the demand for electronics, are expected to bolster the future growth of the electronic contract assembly market in the region
Middle East & Africa Electronic Contract Assembly Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the Middle East & Africa Electronic Contract Assembly provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Electronic Contract Assembly refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Electronic Contract Assembly Strategic Insights
Middle East & Africa Electronic Contract Assembly Report Scope
Report Attribute
Details
Market size in 2023
US$ 6,020.97 Million
Market Size by 2028
US$ 7,637.28 Million
Global CAGR (2023 - 2028)
4.9 %
Historical Data
2021-2022
Forecast period
2024-2028
Segments Covered
By Service
By End User
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Electronic Contract Assembly Regional Insights
Middle East & Africa Electronic Contract Assembly Market Segmentation
The Middle East & Africa electronic contract assembly market is segmented into Service, end user, and country.
Based on services, the Middle East & Africa electronic contract assembly market is segmented into electronic design & engineering, electronic assembly, and electronic manufacturing. The electronic manufacturing segment registered the largest Middle East & Africa electronic contract assembly market share in 2023.
Based on end user, the Middle East & Africa electronic contract assembly market is segmented into aerospace, industrial/automation, semiconductor/robotics, IT and telecom, and others. the others segment held the largest Middle East & Africa electronic contract assembly market share in 2023.
Based on country, the Middle East & Africa electronic contract assembly market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa (MEA). The UAE dominated the Middle East & Africa 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.
The Middle East & Africa Electronic Contract Assembly Market is valued at US$ 6,020.97 Million in 2023, it is projected to reach US$ 7,637.28 Million by 2028.
As per our report Middle East & Africa Electronic Contract Assembly Market, the market size is valued at US$ 6,020.97 Million in 2023, projecting it to reach US$ 7,637.28 Million by 2028. This translates to a CAGR of approximately 4.9 % during the forecast period.
The Middle East & Africa Electronic Contract Assembly Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Electronic Contract Assembly Market report:
The Middle East & Africa Electronic Contract Assembly Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Electronic Contract Assembly Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Electronic Contract Assembly Market value chain can benefit from the information contained in a comprehensive market report.