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Printed Circuit Board (PCB) Assembly Market Trends

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

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Printed Circuit Board Assembly Market Trends

The printed circuit board (PCB) assembly market is evolving with a focus on miniaturization, demanding intricate designs for compact electronics. Advanced assembly techniques are pivotal to meet these demands. Simultaneously, the surge in high-speed applications, such as 5G, necessitates PCBs capable of handling elevated frequencies and data rates. This evolution propels the development of specialized high-frequency PCBs to support the rapid advancements in technology and connectivity needs.

The PCB industry is embracing innovative materials including flexible PCBs and advanced substrates including ceramics & composites, catering to precise performance needs and ensuring enhanced reliability. Simultaneously, the pervasive rise of IoT and edge computing solutions is fueling the demand for specialized PCBs. These boards are engineered to support seamless connectivity, efficient sensor integration, and optimized power consumption, aligning with the unique requirements of IoT devices & edge computing systems in a rapidly evolving technological landscape.

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.