Contract Manufacturing & Design Services Market Size to Hit USD 1441.89 Billion by 2032, at 9.8% CAGR | SNS Insider

Austin, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Contract Manufacturing and Design Services Market Size & Growth Insights:

According to the SNS Insider,“The Contract Manufacturing and Design Services Marketsize was valued at USD 621.36 billion in 2024 and is expected to reach USD 1441.89 billion by 2032, growing at a CAGR of 9.8% during 2025-2032.”

Surging Technological Innovations Including IoT, AI, and Industry 4.0 Drive Market Expansion Globally

The use of cutting-edge technologies like IoT, AI, and Industry 4.0 solutions is causing a significant shift in the CMDS market. These developments are radically changing how products are made, which will increase production capacity, enhance quality assurance, and boost supply chain effectiveness in the CMDS industry. By connecting devices, sensors, and systems online, IoT makes it possible to monitor and collect data instantly. This allows subcontracted manufacturers to improve production processes, predict maintenance needs, and shorten idle times.

By contracting with specialist partners to handle manufacturing and design, businesses may redirect their attention to areas such as R&D, marketing, and sales. This shift in approach makes room for large expenditures in innovation by freeing up crucial services. By outsourcing production to contract manufacturers, pharmaceutical companies can expedite the development of life-saving drugs and concentrate more of their resources and knowledge on clinical trials and drug discovery. This approach puts businesses at the forefront of their industry by accelerating the delivery of new goods and fostering innovation.

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Leading Market Players with their Product Listed in this Report are:

Benchmark Electronics Inc.Celestica Inc.Compal Electronics Inc.Creating TechnologiesFlextronics International Ltd.Hon Hai Precision Industry Co. Ltd.Jabil Circuit Inc.Sanmina CorporationPegatron CorporationKimball ElectronicsUniversal Scientific Industrial Co., Ltd. (USI)BYD ElectronicsShenzhen Kaifa Technology Co., Ltd.SMTC CorporationLonza Group Ltd.Catalent Inc.WuXi BiologicsPlexus CorporationFabrinetVenture Corporation Limited

Contract Manufacturing and Design Services Market Report Scope:

Report AttributesDetailsMarket Size in 2024USD 621.36 BillionMarket Size by 2032USD 1441.89 BillionCAGRCAGR of 9.8% From 2025 to 2032Report Scope & CoverageMarket Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast OutlookKey Segmentation• By Services (Electronic Design & Engineering, Electronic Assembly, Electronic Manufacturing, Others)
• By End-use (Healthcare, Automotive, Industrial, Aerospace & Defense, IT & Telecom, Power & Energy, Consumer Electronics, Others)

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Segmentation Analysis:

By Services

Electronic Manufacturing dominated the contract manufacturing and Design Services Market with 44% of share in 2023. The segment’s expansion is driven by the high demand for advanced circuit boards has been driven by the rising complexity and shrinking size of electronic gadgets smartphones and tablets.

By End-Use

IT & Telecom dominated the Contract Manufacturing and Design Services market with 30% of share in 2023. The segment is driving due to the industry’s heavy dependance on subcontracted manufacturers to make intricate electronic parts and systems that need precision, advanced technology, and scalability.

Regional Insights:

The Asia Pacific region held the highest growth in the Contract Manufacturing and Design Services market in 2024, holding a 39% market share. The growth of this region is fueled by the rise in outsourcing in the area, caused by the presence of cheap labor and plentiful raw materials. China, India, and Vietnam are emerging as important centers for contract manufacturing due to their cost benefits and large production capacities. North America holds a 26% market share and is primarily controlled by the healthcare and automotive sectors, which play a major role in driving the contract manufacturing industry in the region. The healthcare sector benefits greatly from the high-mix-low-volume characteristics of its production, which enables electronic contract manufacturing and design service providers to attain increased gross profit margins.

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Recent News:

2025: Broke ground on a new 250,000 sq. ft. facility in Penang, Malaysia, enhancing precision technology capabilities and service offerings. 2025: Adopted Luminance's AI technology to optimize contract management and review processes, enhancing efficiency in global operations.

Exclusive Sections of theContract Manufacturing and Design Services Market Report (The USPs):

PRICING & COST STRUCTURE METRICS – helps you assess service pricing across design, prototype, and manufacturing stages, along with cost composition for labor, materials, and IP licensing, enabling competitive benchmarking and margin analysis.CAPACITY UTILIZATION & PROJECT THROUGHPUT – helps you identify production and design capacity trends, utilization rates, and lead times, offering visibility into operational efficiency and scalability across facilities.TECHNOLOGICAL INNOVATION INDEX – helps you evaluate the integration of advanced tools like CAD/CAM, 3D printing, robotics, and IoT in manufacturing and design workflows, highlighting areas of technological competitiveness.WORKFORCE COMPETENCY & SKILL DEVELOPMENT METRICS – helps you measure workforce strength through parameters such as engineer-to-project ratios, skill mix, training investments, and retention rates, reflecting the human capital edge of service providers.QUALITY & REGULATORY COMPLIANCE INDICATORS – helps you understand the adherence to global standards like ISO 9001, ISO 13485, GMP, and CE Mark, alongside tracking defect rates, audit performance, and client satisfaction levels.SUPPLY CHAIN PERFORMANCE & LOGISTICS INDEX – helps you gauge procurement lead times, delivery performance, inventory management efficiency, and nearshoring strategies to assess supply chain resilience and responsiveness.

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