Trends

The global PCB PCBA market is expected to reach to $66.6 billion by 2020, driven by the likely rise in demand automotive electronic industries in the Asian countries.

The Americas' PCB PCBA market at $3.53 billion in 2018 are growing at a CAGR of 1-2 percent.

APAC, contributing to more than 90 percent of the global production, is expected to be a key influencing factor for the PCBA market during 2017-2020.

China leads the PCB production in the APAC, accounting for 50 percent of the global production in 2018, followed by Taiwan with 12.6 percent, South Korea with 11.6 percent.

Demand growth in end-use sectors in China, Japan, Taiwan, South Korea are expected to be the key driving factors for the global PCB PCBA market during 2018–2020. Presence of major electronics manufacturers like Samsung, Sony, Panasonic, etc, in these countries, is expected to contribute to the growth. Other emerging countries in the APAC region, in terms of PCB production, include Singapore, Thailand, Vietnam

The shift in manufacturing base of major electronic communication manufacturers to low-cost countries like China, Taiwan, South Korea is expected to support the demand for PCBs PCBAs in the APAC during 2017–2018.

Environmental rules laws set by governments of various countries are expected to support the growth in recycling of PCBs during 2017–2020

According to IPC, PCB bookings in North America have witnessed a steady increase during 2018–2019, primarily due to increase in automobile demand.

The Medium Low Market Maturity Regions for the PCB market are Europe, South America, Africa the High Market Maturity Regions are North America APAC

Key Market Driver of the printed circuit board market are Widespread Digitalization, Growth in Recycling of PCB PCB Design Developments

Top Global Key Suppliers in the global PCB market are Nippon Mektron, ZD Tech, TTM Technologies, Unimicron Sumitomo Denko

 Global PCB PCBA Demand by Application

The printed circuit board market share by end-use industry are: 

30% Business/Retail/Computers

28% Communications/Telecom

20% Consumer Electronics

9% Industrial/Medical

10% Automotive

3% Government/Military/Defense

Communications (Business/Retail/Computers/Telecom) together account for ~60 percent of the global PCB market are expected to retain the dominance, considering the technological innovations growing demand for these products in emerging economies. PCB's application in the automotive industry is expected to be the fastest -growing segment during 2018–2020, primarily due to the growing integrated sophisticated features required in vehicles

Technological advancements in product types expected increase in demand for substrates are expected to be a key support factor for growth in the global PCBA market

Industry Drivers Constraints

Drivers

Widespread Digitalization: Growing demand for digitalization in developing under-developed countries is expected to drive the demand for PCBs PCBAs in the consumer industrial fronts

Growth in Recycled PCBs: Environmental sustainability measures taken by various governments are expected to support growth in the recycling of PCBs, thereby supporting the market

PCB Design Developments: Development of PCB designs, which can maximize the utilization minimize cost, including replacement of base materials (shift traditional FR4 to BT-epoxy polyamides), are expected to support competition growth in the global PCB market

Constraints

The US Restrictions on External Sourcing: President Trump has imposed a restriction on manufacturers in the US to source domestic suppliers, thereby providing job opportunities in the country. Considering the fact that more than 90 percent of the global PCB production is concentrated in APAC, this restriction is likely to be a key challenge for the PCB manufacturers

Rising Labor Utility Cost: Labor utility cost account for 65–80 percent of the total production cost of PCB, depending on the layers, size, other specifications. The rising cost of labor electricity is a factor of high concern for PCB manufacturers, as it might affect their margin profitability.