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Printed Circuit Board (PCB) Assembly Market Share

Report ID: GMI7637
Published Date: Apr 2024
Report Format: PDF

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Printed Circuit Board Assembly Market Share

Players operating in the printed circuit board (PCB) assembly market focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product development & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. Players also heavily invest in R&D to introduce innovative and technologically advanced solutions.

Printed Circuit Board Assembly Market Companies

The major players operating in this industry are:

Benchmark Electronics, Inc.
Eurocircuits
PCBWay
Seeed Technology Co., Ltd.
Tempo
Vexos
WellPCB Technology Co., Ltd.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for printed circuit board assembly was valued at over USD 90 billion in 2023 and is anticipated observe around 5% CAGR between 2024 and 2032 owing to the increased demand for electronic devices, such as smartphones, wearables, and IoT gadgets.

The rigid PCB segment is anticipated to register over 11% CAGR from 2024 to 2032 owing to the demand for more sophisticated & compact electronic devices across various industries such as consumer electronics, automotive, aerospace, and healthcare.

The Asia Pacific Printed Circuit Board (PCB) assembly market held a revenue share of over 25% in 2023 and is expected to grow at a lucrative pace through 2032 attributed to the rising consumer electronics demand, rapid industrialization, and the region's role as a manufacturing hub for a variety of industries.

Benchmark Electronics, Inc., Eurocircuits, PCBWay, Seeed Technology Co., Ltd., Tempo, Vexos, and WellPCB Technology Co., Ltd.