No Brainer! PCBs Soaring Towards $66.6 Billion Market Share

Research firm Beroe claims the global market for Printed Circuit Boards (PCBs) is expected to grow at a CAGR of 3% to 4% until 2020. You’d never know it based on all the tech manufacturing going on, right? No brainer! Beroe sees technological advancements in product types and the expected increase in demand for substrates to be the key support factors for PCB-market growth.


Key Findings

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  • APAC region contributes to more than 90% of the global production of PCBs and is expected to be an essential influencing factor for the PCBA market until 2020.
  • Increasing cost of labor and electricity is a hindrance for the PCB manufacturers, as it might affect their margin and profitability.
  • PCB market is fragmented with the top 10 suppliers accounting for 33 percent of the global market, and nearly 91 percent of the global PCB and PCBA production is directed in APAC.
  • Consumers of high-volume PCBs have high negotiating power due to the fragmented nature of the market.
  • Verticals such as Business, Retail, Computers, and Telecom Communications collectively hold 60 percent of the global PCB market and are presumed to maintain the power. This is due to the technological innovations and growing demand for such products in emerging economies.
  • China leads the PCB production in the APAC region, accounting for nearly 43 percent of the global production followed by South Korea with 16 percent, and Taiwan with 14 percent.
  • Manufacturers of PCBs for high volume products have low to moderate supplier power. Meanwhile, for low volume products, their power would be high due to the design complexity and specifications.
  • The growing demand for digitalization in developing and under developed countries is expected to drive the demand for PCBs and PCBAs on the industrial and consumer fronts.
  • Regulations about safety and automation are the key growth factors for the demand of PCB in the European automobile industry. 

For more details, get a sample of Beroe’s PCB market report.

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