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DUBLIN, Ireland — Since Asia offers low-cost labor and a wide technical workforce, the Asian contract electronics manufacturing (CEM) market is growing, with $73.35 billion in sales in 2004 and projected growth of $161.90 billion by 2009, claims Research and Markets' newest report, titled "Asia CEM and Assembly Capacity by Country."
China and Taiwan currently dominate the market, but other Asian countries such as India, Thailand, and Vietnam are emerging for low-cost manufacturing of electronic equipment. By 2009, total CEM capacity in Asia will grow to 65% of the world's CEM capacity, with China leading the way, according to the report.
The report also finds that:Many top- and mid-tier contract manufacturers are forging closer ties with Asian suppliers, and investing in enhanced software programs to improve materials management. Asian CEM and assembly capacity was almost 52% of the global CEM capacity in terms of square footage in 2005. With rich technical talent available locally, electronics manufacturers in Asia have the potential to move into design services, thereby improving their margins considerably.
The report breaks the CEM market down by country, and includes analysis and forecasts for CEM capacity in Asia. Factors responsible for attracting CEM players to the region, as well as the major application segments that CEMs in Asia cater to, are also discussed. For more information, please visit www.researchandmarkets.com/reports/c33452.