CATEGORY
Printed Circuit Boards (PCBs)
Printed circuit boards which enables physical support and electrically connects components. PCBs were extensively used in Industrial, Electrical & Electronics industries, Automotive. PCBs were made out of fiber glass
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Printed Circuit Boards (PCBs) Industry Benchmarks
Savings Achieved
(in %)
The average annual savings achieved in Printed Circuit Boards (PCBs) category is 3.50%
Payment Terms
(in days)
The industry average payment terms in Printed Circuit Boards (PCBs) category for the current quarter is 93.8 days
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Printed Circuit Boards (PCBs) market report transcript
- 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