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Printed Circuit Boards (PCBs)
Market, Supplier, Risk and
Competitive Intelligence

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Get up-to-date market and supplier info on Printed Circuit Boards (PCBs) to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Printed Circuit Boards (PCBs) related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Printed Circuit Boards (PCBs) to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

The report provides insights on the following:

  • Cost Structure Analysis
  • Price Trend and Forecast
  • Key Global Supplier Profiles
  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

Market Size

Global Market Size

$72.25 Bn

CAGR

4-5 Percent

Market Size Europe

$24.48 Bn

Market Size Asia Pacific

$24.08 Bn

The global PCB and PCBA (Printed Circuit Board Assembly) market is expected to grow at a CAGR of 3–4 percent to reach $66.6 billion by 2020. This growth is driven by the likely rise in demand from the automotive and electronic industries in the Asian countries. The APAC region, contributing to more than 90 percent of the global production, is expected to be a key influencing factor for the PCBA market by 2020.

  • 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
  • Printed circuit board market research shows that the global PCB market is already in a stage of technical maturity and in the long term there are no foreseeable technical substitutes available
  • Rivalry among the top players is high, as they account for 30 percent of the printed circuit boards industry
  • The printed circuit board cost drivers are Size of the Board, Build/Complexity, Number of Layers, Holes (Size & Quantity), Technical Factors
  • The global PCB market is fragmented with the top 10 suppliers accounting for 36 percent of the global market. About 91 percent of the global PCB and PCBA production is concentrated in APAC. With a shift in manufacturing base of end-use industries to countries, like China, Taiwan, South Korea, etc., is expected to lead to further concentration in 2019-2020. 
  • Printed circuit board cost, time, and material utilization are the other key factors driving the technological developments in the global industry.

Printed Circuit Boards - Global Market Trends

  • The global PCB and PCBA market is expected to reach to $77.73 billion by 2020, driven by the likely rise in demand from automotive and electronic industries in the Asian countries.
  • The Americas' PCB and 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, and South Korea with 11.6 percent.
  • Demand growth in end-use sectors in China, Japan, Taiwan, and South Korea are expected to be the key driving factors for the global PCB and 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, and Vietnam
  • The shift in manufacturing base of major electronic and communication manufacturers to low-cost countries like China, Taiwan, South Korea is expected to support the demand for PCBs and PCBAs in the APAC during 2017–2018.
  • Environmental rules and 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 and Low Market Maturity Regions for the PCB market are Europe, South America, Africa and the High Market Maturity Regions are North America and APAC
  • Key Market Driver of the printed circuit board market are Widespread Digitalization, Growth in Recycling of PCB and PCB Design Developments
  • Top Global Key Suppliers in the global PCB market are Nippon Mektron, ZD Tech, TTM Technologies, Unimicron and Sumitomo Denko

Printed Circuit Boards Market Overview

Why should you Buy this Report

The report provides a comprehensive regional market overview of the regions in North America, Europe, MEA, and APAC. It also addresses the Porter's Five Forces Analysis of PCB & PCBA markets. The report further covers the industry drivers and constraints as well as the cost structure analysis of the PCB and PCBA market. It also elaborates on the key global suppliers such as Nippon Mektron Ltd., Zhen Ding Technology Holding Ltd., TTM Technologies, and Unimicron Technologies Corp. along with their SWOT analysis. It further identifies engagement models, contract descriptions and payment options for high volume products, low volume products and prototypes and technological development existing in the PCB market.

The Printed Circuit Board Market Research Report details the different sourcing channels for high volume and low volume-based industries and does a price driver analysis too. The report mentions the global market share held by suppliers.

Methodology for writing this Report

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Table of contents

  1. Printed Circuit Boards Executive Summary
  2. Category Landscape
  3. Category Summary – COVID-19 Impact
  1. Printed Circuit Boards Market Analysis
  2. Global Market Overview, Maturity and demand by application
  3. Regional Snapshot
  4. Market Drivers and Constraints
  5. Global Porter’s Five Force Analysis
  6. Technology Developments

 

  1. COVID-19 Impact
  2. COVID-19 Impact Analysis
  3. COVID-19 Impact - Industry Watch

 

  1. Printed Circuit Boards Cost and Price Analysis
  2. Cost Structure Analysis
  3. Cost Driver Analysis
  4. Cost Component Analysis

 

  1. Procurement Best Practices
  2. Sourcing Models

 

  1. Negotiation Support Levers
  2. Negotiation Support Inputs

 

  1. RFI/RFP Support Levers
  2. RFI/RFP Support Inputs

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  • Shift in the manufacturing base of major electronic and communication manufacturers to low-cost countries, like Vietnam, Taiwan, and South Korea, is expected to support the demand for PCBs and PCBAs in APAC until 2022
  • Environmental rules and laws set by the governments of various countries are expected to support the growth in recycling of PCBs until 2022

 

Global PCB and PCBA Demand by Application

  • Communications (Business/Retail/Computers/Telecom) together account for ~60 percent of the global PCB market and are expected to retain the dominance, considering the technological innovations and 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 and sophisticated features required in vehicles
  • Technological advancements in product types and expected increase in demand for substrates are expected to be a key support factor for growth in the global PCBA market

Industry Drivers and Constraints

Drivers

  • Widespread Digitalization: Growing demand for digitalization in developing and under-developed countries is expected to drive the demand for PCBs and PCBAs in the consumer and industrial fronts
  • Growth in Recycled PCBs: Environmental and 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 and minimize cost, including replacement of base materials (shift from traditional FR4 to BT-epoxy and polyamides), are expected to support competition and 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 from 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 and Utility Cost: Labor and utility cost account for 65–80 percent of the total production cost of PCB, depending on the layers, size, and other specifications. The rising cost of labor and electricity is a factor of high concern for PCB manufacturers, as it might affect their margin and profitability

Printed Circuit Boards (PCB) Market Frequently Asked Questions

  1. What is the market size of the printed circuit boards market? 
  2. The global market size of the printed circuit board manufacturing industry was valued at $67.94 Bn as of 2020. 

 

  1. Who are the major players in the printed circuit boards industry? 
  2. As per Beroe’s printed circuit board industry analysis, the medium and low market maturity regions are Europe, South America, and Africa, and the high market maturity regions are North America and APAC. 

 

  1. What are the latest trends in the printed circuit boards market?
  2. Some of the key trends identified by Beroe’s printed circuit board industry analysis are that the APAC region is expected to contribute around 90% of the global production and become a major market influencer. The global market is also expected to retain its state of technical maturity. Certain factors such as printed circuit board cost can drive technological developments in the industry. 

 

  1. What will be the expected growth of the printed circuit boards industry?
  2. The printed circuit board manufacturing industry is expected to grow at a CAGR of 3-4% to reach a global market size of $66.7 bn in 2020. 

 

  1. What are the key drivers of the printed circuit boards market?
  2. The key market drivers for the printed circuit board manufacturing industry are widespread digitalisation, increased recycling of printed circuit boards, and printed circuit boards design developments. 

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