PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524353
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524353
Printed Circuit Board (PCB) Assembly Market Size, By type of PCB, By component, By technology, By soldering process, By volume, By Assembly, By vertical, Forecast 2024 - 2032
Global Printed Circuit Board PCB Assembly Market will depict over 5% CAGR from 2024 to 2032, catapulted by the globalization of electronics manufacturing. Manufacturers are increasingly moving production to regions like Asia-Pacific to capitalize on cost-effective production hubs. This trend is driven by factors such as lower labor costs, supportive regulatory environments, and proximity to key markets.
In 2023, fixed-asset investment in China's electronic information manufacturing industry increased by 9.3% year on year, surpassing the overall industry growth by 0.3 percentage points, according to the Ministry of Industry and Information Technology. The industrial added value rose by 3.4%, with a December increase of 9.6% compared to December 2022. Mobile phone production grew by 6.9% to 1.57 billion units, including a 1.9% rise in smartphone output to 1.14 billion units.
This shift not only enhances manufacturing efficiency but also facilitates access to a skilled workforce and advanced technologies. The PCB assembly market benefits from expanded production capacities and streamlined supply chains, supporting the growing demand for electronics across various industries worldwide.
The overall printed circuit board PCB assembly market is segmented based on the type of PCB, component, technology, soldering process, volume, assembly, vertical, and region.
The ball grid array segment will register a remarkable CAGR during 2024-2032. The demand for Printed Circuit Board PCB Assembly is rising significantly within the ball grid array BGA assembly segment due to its advantages in enhancing electronic device performance and reliability. As electronic devices become compact and powerful, there is a growing demand for PCB assemblies that can accommodate these requirements without compromising on functionality or durability. This trend is propelled by innovations in ball grid array technology, making it a preferred choice for a wide range of applications across industries.
The flexible PCB sector will garner a noticeable printed circuit board PCB assembly market share by 203, owing to its ability to meet the needs of modern electronic devices that require flexibility, lightweight design, and space-saving solutions. Flexible PCBs offer advantages such as bendability, reduced weight, and enhanced durability compared to rigid PCBs. They are essential for applications in wearable technology, foldable smartphones, and automotive electronics where compact and adaptable designs are crucial. This trend is escalated by advancements in materials and manufacturing processes that enable the production of high-performance flexible PCB assemblies tailored to diverse industry demands.
The CAGR for the North America printed circuit board PCB assembly market will be promising during the 2024 to 2032 timeframe. These include a robust expansion in industries such as aerospace, defense, automotive, and healthcare, all of which heavily rely on advanced electronics. In addition, increasing investments in research and development foster innovation in PCB technologies, amplifying demand. Strict regulatory standards for electronics reliability and safety contribute to the adoption of high-quality PCB assemblies. This combination of factors positions North America as a significant market, thrusting its continued growth and adaptation to evolving industry needs.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Printed circuit board (PCB) assembly market 360° synopsis, 2018 - 2032
- 2.2 Business trends
- 2.3 Regional trends
- 2.4 Type of PCB trends
- 2.5 Component trends
- 2.6 Technology trends
- 2.7 Soldering process trends
- 2.8 Volume trends
- 2.9 Assembly trends
- 2.10 Vertical trends
Chapter 3 Printed Circuit Board (PCB) Assembly Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increased demand for electronic devices
- 3.8.1.2 Rise of the Internet of Things (IoT)
- 3.8.1.3 Increasing use of PCBs in vehicle electronics for safety, connectivity, and automation
- 3.8.1.4 Rising demand for smartphones, tablets, wearables, and smart home devices
- 3.8.1.5 Expansion of the aerospace and defense industry
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Increasing complexity of PCBs
- 3.8.2.2 Quality Control and Testing
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players, 2022
- 4.3.1 Benchmark Electronics, Inc
- 4.3.2 Eurocircuits
- 4.3.3 PCBWay
- 4.3.4 Seeed Technology Co., Ltd.
- 4.3.5 Tempo
- 4.3.6 Vexos
- 4.3.7 WellPCB Technology Co., Ltd.
- 4.4 Competitive positioning matrix, 2022
- 4.5 Strategic outlook matrix, 2022
Chapter 5 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Type of PCB (USD Million)
- 5.1 Key trends, by type of PCB
- 5.2 Rigid PCB
- 5.3 Flexible PCB
- 5.4 Metal core PCB
Chapter 6 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Component (USD Million)
- 6.1 Key trends, by component
- 6.1.1 Active
- 6.1.1.1 Resistors
- 6.1.1.2 Capacitors
- 6.1.1.3 Inductors
- 6.1.2 Passive
- 6.1.2.1 Integrated Circuits (ICS)
- 6.1.2.2 Microprocessors
- 6.1.2.3 Microcontrollers
- 6.1.1 Active
Chapter 7 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Technology (USD Million)
- 7.1 Key trends, by technology
- 7.2 Surface mount assembly (SMT)
- 7.3 Plated through-hole technology (PTH)
- 7.4 Electro-mechanical assembly
- 7.5 Mixed technology (SMT / Through hole)
Chapter 8 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Soldering Process (USD Million)
- 8.1 Key trends, by soldering process
- 8.2 Wave soldering
- 8.3 Manual soldering
- 8.4 Reflow soldering
Chapter 9 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Volume (USD Million)
- 9.1 Key trends, by type of PCB
- 9.2 Low (1-100 units)
- 9.3 Medium (100-10,000 Units)
- 9.4 High (More than 10,000 Units)
Chapter 10 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Assembly (USD Million)
- 10.1 Key trends, by assembly
- 10.2 In-House
- 10.3 Outsourced/ Contract
Chapter 11 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Vertical (USD Million)
- 11.1 Key trends, by vertical
- 11.2 Consumer electronics
- 11.3 Automotive
- 11.4 Healthcare
- 11.5 IT & telecom
- 11.6 Industrial
- 11.7 Others
Chapter 12 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By Region (USD Million)
- 12.1 Key trends, by region
- 12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
- 12.3 Europe
- 12.3.1 UK
- 12.3.2 Germany
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Russia
- 12.3.6 Rest of Europe
- 12.4 Asia Pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Taiwan
- 12.4.6 Thailand
- 12.4.7 Rest of Asia Pacific
- 12.5 Latin America
- 12.5.1 Brazil
- 12.5.2 Mexico
- 12.5.3 GCC
- 12.5.4 Rest of Latin America
- 12.6 MEA
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 South Africa
- 12.6.4 Rest of MEA
Chapter 13 Company Profiles
- 13.1 Alfa Electronics
- 13.2 ALLPCB.com
- 13.3 Altek Electronics, Inc.
- 13.4 Benchmark Electronics, Inc
- 13.5 Bittele Electronics Inc.
- 13.6 Clarydon Electronic Services Limited
- 13.7 Eurocircuits
- 13.8 Jayshree Instruments Pvt. Ltd
- 13.9 Miracle Electronics Devices Pvt Ltd
- 13.10 PCB Assembly Express, INC
- 13.11 PCB Power Market
- 13.12 PCB Unlimited.
- 13.13 PCBGOGO.
- 13.14 PCBWay
- 13.15 Podrain Electronics
- 13.16 RAYMING TECHNOLOGY
- 13.17 Seeed Technology Co.,Ltd.
- 13.18 Tempo
- 13.19 Vexos
- 13.20 Visual Communications Company, LLC
- 13.21 WellPCB Technology Co., Ltd.
