Europe Electronic Contract Manufacturing And Design Services Market Worth $68.61 Billion By 2028
Europe Electronic Contract Manufacturing And Design Services Industry Overview The Europe electronic contract manufacturing and design services market size is projected to reach USD 68.61 billion by 2028, expanding at a CAGR exceeding 7.1%, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the growing trend among OEMs to opt for contact manufacturing services owing to the growing pricing pressure associated with manufacturing electronic components in-house. While the outbreak of the COVID-19 pandemic triggered the demand for healthcare devices, the strong emphasis organizations are putting on rolling out the work-from-home model increased the demand for computing devices, thereby driving the growth of the market. The market witnessed a slump in 2020 as a result of the pandemic, which triggered supply chain disruptions and resulted in a shortage of semiconductor components. However, order backlogs and the increase in...