Contract Manufacturing Is Growing

Contract manufacturing has been experiencing exponential growth throughout several industries over the recent years.  Expectations are that this trend is going to continue at an impressive level.  As the laser, medical, semiconductor, and additive industries are experiencing unprecedented growth in the automation era, so are the opportunities within the contract manufacturing space.  With the rapid growth in the industrial automation market, there is greater demand for contract manufacturers within the motion industry.  The global industrial automation services market was worth USD 42.1 billion in 2018 and expected to hit USD 70.6 billion by 2024.  In order for companies to stay competitive within the automation industry, they must outsource work to contract manufacturers and keep their focus on future growth.  This theory has been proven by countless stats and trends.  For example, the global electronic contract manufacturing and design services market size was valued at USD 391.4 billion in 2018 and is anticipated to expand at a CAGR of 7.9% from 2019 to 2025.  The medical device contract manufacturing market is projected to reach USD 91.3 billion by 2024 from USD 55.0 billion in 2019, at a CAGR of 10.6%.

Reliant Systems Inc. has the contract manufacturing capabilities, infrastructure, and professional experience to partner with OEMs in all the aforementioned industries to improve their lead times, decrease cost, and improve product quality.