PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682762
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682762
U.S. Circuit Board & Electronic Component Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The U.S. circuit board and electronic component market is experiencing steady growth, driven by technological advancements and increasing demand across various sectors. In 2024, the market size was estimated at USD 63.35 billion and is projected to reach USD 90.86 billion by 2032, advancing at a compound annual growth rate (CAGR) of 4.84% during the forecast period.
Key Insights
The market encompasses a diverse range of products, including printed circuit boards (PCBs), semiconductors and integrated circuits (ICs), capacitors and resistors, transformers and inductors, connectors and switches, and sensors and relays. Among these, semiconductors and ICs hold a significant share, driven by their critical role in modern electronic devices.
The consumer electronics sector is the largest application category, reflecting the high demand for electronic devices such as smartphones, laptops, and wearable gadgets. Other notable application areas include automotive electronics, telecommunications, aerospace and defense, healthcare and medical devices, and industrial electronics.
The Western region of the U.S. holds the largest market share, attributed to its robust technology industry and presence of major electronic component manufacturers. The Southern region is anticipated to witness the fastest growth, driven by increasing investments in manufacturing facilities and favorable economic conditions.
Innovations in AI-powered components and high-density PCB designs are notable trends, catering to the demands of modern smart devices, wearables, and 5G networks. The integration of advanced technologies enhances the performance and efficiency of electronic components, meeting the evolving needs of various industries.
There is a growing trend of companies manufacturing components domestically, reducing reliance on foreign suppliers. This shift is supported by initiatives like the CHIPS and Science Act, which bolsters the U.S. semiconductor and electronics manufacturing sector, enhancing supply chain resilience and promoting technological self-sufficiency.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Product
- 1.4.2. Market Size Breakdown, by Application
- 1.5. Market Data Reporting Unit
- 1.5.1. Revenue
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Industry Background
- 5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
- 5.3. Impact of COVID-19
- 5.4. Sociopolitical Impact
- 5.5. Porter-s Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
Chapter 6. Competitive Landscape
- 6.1. List of Market Players and their Offerings
- 6.2. Competitive Benchmarking of Key Players
- 6.3. Product Benchmarking of Key Players
- 6.4. Recent Strategic Developments by Key Players
Chapter 7. Northeast Market
- 7.1. Overview
- 7.2. Economic Indicators
- 7.3. Regional Hotspots
- 7.4. Growth Drivers
- 7.5. Challenges and Barriers
- 7.6. Competitive Strategies
- 7.7. Emerging Players
- 7.8. Compliance Requirements
- 7.9. Emerging Investment Areas
- 7.10. Market Size and Forecast
- 7.10.1. Market Revenue, by Product (2019-2032)
- 7.10.2. Market Revenue, by Application (2019-2032)
Chapter 8. Midwest Market
- 8.1. Overview
- 8.2. Economic Indicators
- 8.3. Regional Hotspots
- 8.4. Growth Drivers
- 8.5. Challenges and Barriers
- 8.6. Competitive Strategies
- 8.7. Emerging Players
- 8.8. Emerging Investment Areas
- 8.9. Major Ongoing Projects
- 8.10. Market Size and Forecast
- 8.10.1. Market Revenue, by Product (2019-2032)
- 8.10.2. Market Revenue, by Application (2019-2032)
Chapter 9. West Market
- 9.1. Overview
- 9.2. Economic Indicators
- 9.3. Regional Hotspots
- 9.4. Growth Drivers
- 9.5. Challenges and Barriers
- 9.6. Competitive Strategies
- 9.7. Emerging Players
- 9.8. Import/Export Policies
- 9.9. Compliance Requirements
- 9.10. Emerging Investment Areas
- 9.11. Market Size and Forecast
- 9.11.1. Market Revenue, by Product (2019-2032)
- 9.11.2. Market Revenue, by Application (2019-2032)
Chapter 10. South Market
- 10.1. Overview
- 10.2. Economic Indicators
- 10.3. Regional Hotspots
- 10.4. Growth Drivers
- 10.5. Challenges and Barriers
- 10.6. Competitive Strategies
- 10.7. Emerging Players
- 10.8. Import/Export Policies
- 10.9. Compliance Requirements
- 10.10. Emerging Investment Areas
- 10.11. Market Size and Forecast
- 10.11.1. Market Revenue, by Product (2019-2032)
- 10.11.2. Market Revenue, by Application (2019-2032)
Chapter 11. Company Profiles
Chapter 12. Appendix
- 12.1. Sources and References
- 12.2. Related Reports
