Product Code: 7637
Printed Circuit Board (PCB) Assembly Market size is poised to record over 10% CAGR from 2024-2032, on account of the rapid sales of electric vehicles (EVs) worldwide. As per the International Energy Agency (IEA), the total sales of electric cars more than tripled in three years, from 4% in 2020 to 14% in 2022.
The robust growth of the EV sector is driving the demand for specialized boards in EV powertrains and battery management systems. The shifting preference for renewable energy solutions like solar and wind power is also offering multiple applications for PCBs for supporting energy generation and storage infrastructure, adding to the market growth.
The overall industry is segmented into type of PCB, component, technology, soldering process, volume, assembly, vertical, and region.
In terms of type, the market value from the flexible PCB assembly segment will witness over 12% CAGR through 2032, driven by increasing adoption in consumer electronics and wearables. The rising trend of smaller and more lightweight electronic devices is pushing the demand for flexible PCBs to offer efficient solutions for accommodating complex circuits in minimal space. Increasing application for handling high-frequency signals in fast data transmission will also boost the segment growth.
With respect to soldering process, the printed circuit board assembly industry from the wave soldering segment is expected to expand at over 13% CAGR from 2024 to 2032. The growth can be attributed to the increased demand for electronics in automotive, IoT, and consumer goods. Scaling advancements in wave soldering technology, including selective soldering and dual-waves for ensuring higher precision in intricate PCB designs will favor the segment expansion.
Regionally, the North America PCB assembly market size is expected to observe over 10% growth rate from 2024 to 2032, propelled by the strong focus on advanced manufacturing techniques. The rapid industrial growth in the region is driving the need for high-performance electronics in the automotive, aerospace, and telecommunications sectors. The higher emphasis on eco-friendly manufacturing processes, materials, and waste reduction in PCB assembly is another major factor favoring the regional industry growth.
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 degree 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 Impact of COVID-19
- 3.2 Impact of the Russia-Ukraine war
- 3.3 Industry ecosystem analysis
- 3.4 Vendor matrix
- 3.5 Profit margin analysis
- 3.6 Technology & innovation landscape
- 3.7 Patent analysis
- 3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
- 3.9 Regulatory landscape
- 3.10 Impact forces
- 3.10.1 Growth drivers
- 3.10.1.1 Increased demand for electronic devices
- 3.10.1.2 Rise of the Internet of Things (IoT)
- 3.10.1.3 Increasing use of PCBs in vehicle electronics for safety, connectivity, and automation
- 3.10.1.4 Rising demand for smartphones, tablets, wearables, and smart home devices
- 3.10.1.5 Expansion of the aerospace and defense industry
- 3.10.2 Industry pitfalls & challenges
- 3.10.2.1 Increasing complexity of PCBs
- 3.10.2.2 Quality Control and Testing
- 3.11 Growth potential analysis
- 3.12 Porter's analysis
- 3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share, 2023
- 4.3 Competitive analysis of major market players, 2023
- 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, 2023
- 4.5 Strategic outlook matrix, 2023
Chapter 5 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By type of PCB, 2018-2032 (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, 2018-2032 (USD Million)
- 6.1 Key trends, by component
- 6.1.1 Active
- 6.1.2 Resistors
- 6.1.3 Capacitors
- 6.1.4 Inductors
- 6.2 Passive
- 6.2.1 Integrated Circuits (ICS)
- 6.2.2 Microprocessors
- 6.2.3 Microcontrollers
Chapter 7 Printed Circuit Board (PCB) Assembly Market Estimates & Forecast, By technology, 2018-2032 (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, 2018-2032 (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, 2018-2032 (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, 2018-2032 (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, 2018-2032 (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.