EL SEGUNDO, CA, Oct. 1 -- Contract electronics manufacturing and ODM work will surge in China in the coming years, according to new research conducted by iSuppli Corp.

Compounded annual growth will top 21% between 2003 and 2008 for each of the two sectors, the firm found. EMS revenue in China is predicted to reach $45.5 billion in 2008, while ODM sales are forecast to hit $108 billion.

iSuppli predicted Chinese OEMs will begin to outsource production during the next five years. The firm also anticipates domestic Chinese EMS companies will more aggressively seek overseas customers.

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