Market by Raw Material (Epoxy Resin, Glass Fabric, Phenolic Resin, Kraft Paper, Other Raw Materials) Substrate (Standard Multilayer, Flexible Circuits, High-Density Interconnect (HDI), Integrated Circuit (IC), Rigid 1-2 Sided, Rigid Flex) Application (Communications, Consumer Electronics, Industrial Electronics, Automotive, Military, Other Applications) Country Outlook | Forecast 2024-2032
Triton’s research report estimates that the Latin America printed circuit board market is expected to garner revenue at a CAGR of 4.78% during the forecast years 2024-2032.
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The printed circuit board market in Latin America is experiencing growth driven by a combination of regional industrialization, technological adoption, and the expanding presence of global electronics manufacturers. The rise of digital technologies like 5G, IoT, and renewable energy solutions is further pushing the need for more customized PCBs, thereby propelling the market growth. Amidst the supply chain uncertainties, government policies aimed at fostering innovation and supporting domestic production, alongside a growing pool of skilled engineers and technicians, are also contributing to the expansion of the PCB market in this region.
The countries studied in this region include:
Brazil captured the highest share in the printed circuit board market, obtaining about $0.18 billion in 2023.
By 2025, ITA states that Brazil is expected to be among the top five global smartphone markets, with around 200 million connections. The Brazilian government is advancing its Digital Transformation Strategy through various national strategies, including the National IoT, National Cybersecurity, and AI Strategies, to enhance productivity and competitiveness.
The country’s new National Semiconductor Plan is also designed to boost the semiconductor industry and integrate Brazil into the global semiconductor supply chain. This initiative is likely to strengthen the existing IT industry and attract new investors to Brazil.
These developments will increase the demand for printed circuit boards as they are crucial in the production of semiconductor devices, which in turn will expand the reviewed market.
Printed Circuit Board Market Forecast for Mexico
Jalisco, housing 70% of Mexico’s semiconductor companies, has established itself as a sector leader. As reported by news reports in April 2024, AI development companies within the US are planning to relocate AI hardware production to Mexico. The country’s strategic location and growing technological capabilities position it as a key partner for the future of supporting the broader growth of the semiconductor manufacturing and electronics industries in this region. PCBs are essential platforms that electrically connect semiconductors, like microprocessors and memory chips, to other components in electronic devices, which thereby increases the demand for printed circuit boards in Mexico.
The printed circuit board market is segmented based on raw material, application, and substrate. The substrate segment is further branched into high-density interconnect (HDI), standard multilayer, rigid 1-2 sided, flexible circuits, rigid flex, and integrated circuit (IC). Rigid-flex printed circuit boards connect rigid boards without the need for connectors or cables, resulting in better signal transmission. These applications also provide enhanced reliability, with MTBF (Mean Time Between Failures) rates typically exceeding those of standard PCB setups with separate wires and connectors.
Contender Analysis in the Printed Circuit Board Market:
Daeduck Electronics is engaged in the manufacturing and distribution of printed circuit boards. The company offers high-density interconnects (HDIs), high-speed boards, network boards, and package substrates. Its package substrate offers memory cards, Sip, CSP, and flip chips. The company’s automotive PCB consists of press-fit technology, high-performance material, and high thermal conductivity. It operates in South Korea, the US and Canada and is headquartered in Siheung, South Korea.
Recently, it successfully developed a large-body FCBGA (Flip-chip Ball Grid Array) substrate designed for data centers and AI servers. This substrate utilizes the flip-chip method to connect semiconductor chips with package substrates, enhancing both electrical and thermal performance.
The key entities in the reviewed market are Hannstar Board Corporation, ISU Petasys, Nippon Mektron Ltd, Nan Ya PCB Corporation, OKI Printed Circuits Co Ltd, etc.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the printed circuit board market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Latin America printed circuit board market growth during the upcoming years
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Market by Technology (Data ana ..
VIEW REPORT1. LATIN
AMERICA PRINTED CIRCUIT BOARD MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE PRINTED CIRCUIT BOARD MARKET
2.1.1. COVID-19
IMPACT ON THE PRINTED CIRCUIT BOARD MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. INDUSTRY
COMPONENTS
2.3.2. RESIN
& FIBER SUPPLIERS
2.3.3. LAMINATORS
& MANUFACTURERS
2.3.4. DISTRIBUTORS
AND RETAILERS
2.3.5. END-USERS
2.4. KEY
BUYING IMPACT ANALYSIS
2.4.1. APPLICATION
2.4.2. RELIABILITY
2.4.3. COST
2.5. KEY
MARKET STRATEGIES
2.5.1. PRODUCT
LAUNCHES
2.5.2. ACQUISITIONS
2.5.3. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. INCREASING
DEMAND FOR SMART ELECTRONICS
2.6.2. EXPANDING
APPLICATIONS OF SEMICONDUCTORS
2.6.3. GROWING
UTILIZATION OF ELECTRONICS ACROSS VARIOUS SECTORS
2.6.4. SURGE
IN INTERNET USAGE
2.7. MARKET
CHALLENGES
2.7.1. COMPETITIVE
PRESSURES RESULTING IN PRICE DECLINES
2.7.2. FLUCTUATIONS
IN RAW MATERIAL COSTS
2.7.3. REGULATORY
FRAMEWORKS ADDRESSING E-WASTE MANAGEMENT
2.8. MARKET
OPPORTUNITIES
2.8.1. GROWTH
OPPORTUNITIES PRESENTED BY IOT-ENABLED INTERCONNECTED DEVICES
2.8.2. ESCALATING
DEMAND IN EMERGING MARKETS
2.9. ANALYST
PERSPECTIVE
3. LATIN
AMERICA PRINTED CIRCUIT BOARD MARKET – BY RAW MATERIAL
3.1. EPOXY
RESIN
3.2. GLASS
FABRIC
3.3. PHENOLIC
RESIN
3.4. KRAFT
PAPER
3.5. OTHER
RAW MATERIALS
4. LATIN
AMERICA PRINTED CIRCUIT BOARD MARKET – BY SUBSTRATE
4.1. STANDARD
MULTILAYER
4.2. FLEXIBLE
CIRCUITS
4.3. HIGH-DENSITY
INTERCONNECT (HDI)
4.4. INTEGRATED
CIRCUIT (IC)
4.5. RIGID
1-2 SIDED
4.6. RIGID
FLEX
5. LATIN
AMERICA PRINTED CIRCUIT BOARD MARKET – BY APPLICATION
5.1. COMMUNICATIONS
5.2. CONSUMER
ELECTRONICS
5.3. INDUSTRIAL
ELECTRONICS
5.4. AUTOMOTIVE
5.5. MILITARY
5.6. OTHER
APPLICATIONS
6. LATIN
AMERICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1. LATIN
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL
PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO
PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.3. REST
OF LATIN AMERICA
6.1.1.3.1. REST
OF LATIN AMERICA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. AT&S
(AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT)
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY
STRENGTHS
7.1.4. KEY
CHALLENGES
7.2. ASCENT
CIRCUIT PVT LTD
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGES
7.3. DAEDUCK
ELECTRONICS
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY
STRENGTHS
7.3.4. KEY
CHALLENGES
7.4. COMPEQ
MANUFACTURING CO LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGES
7.5. EPITOME
COMPONENTS LTD
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. IBIDEN
INC
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGES
7.7. HANNSTAR
BOARD CORPORATION
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGES
7.8. ISU
PETASYS
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. NIPPON
MEKTRON LTD
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. NAN YA
PCB CORPORATION
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
7.11. OKI
PRINTED CIRCUITS CO LTD
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.11.3. KEY
STRENGTHS
7.11.4. KEY
CHALLENGES
7.12. SAMSUNG
ELECTRONICS CO LTD
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.12.3. KEY
STRENGTHS
7.12.4. KEY
CHALLENGES
7.13. SHENNAN
CIRCUITS CO LTD
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
7.13.3. KEY
STRENGTHS
7.13.4. KEY
CHALLENGES
7.14. TRIPOD
TECHNOLOGY CORPORATION
7.14.1. OVERVIEW
7.14.2. PORTFOLIO
7.14.3. KEY
STRENGTHS
7.14.4. KEY CHALLENGES
7.15. UNIMICRON
TECHNOLOGY CORPORATION
7.15.1. OVERVIEW
7.15.2. PORTFOLIO
7.15.3. KEY
STRENGTHS
7.15.4. KEY
CHALLENGES
7.16. TTM
TECHNOLOGIES INC
7.16.1. OVERVIEW
7.16.2. PORTFOLIO
7.16.3. KEY
STRENGTHS
7.16.4. KEY
CHALLENGES
7.17. ZHEN
DING TECHNOLOGY HOLDING LTD
7.17.1. OVERVIEW
7.17.2. PORTFOLIO
7.17.3. KEY
STRENGTHS
7.17.4. KEY CHALLENGES
7.18. YOUNG
POONG ELECTRONICS CO LTD
7.18.1. OVERVIEW
7.18.2. PORTFOLIO
7.18.3. KEY
STRENGTHS
7.18.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA PRINTED
CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
TABLE 2: LIST OF PRODUCT
LAUNCHES
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF BUSINESS DIVESTITURES
& EXPANSIONS
TABLE 5: LATIN AMERICA PRINTED
CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2024-2032 (IN $ BILLION)
TABLE 6: LATIN AMERICA PRINTED
CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: LATIN AMERICA PRINTED
CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: LATIN AMERICA PRINTED
CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: SUPPLY CHAIN
ANALYSIS
FIGURE 3: KEY BUYING IMPACT
ANALYSIS
FIGURE 4: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN %)
FIGURE 5: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 10: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI), 2024-2032 (IN
$ BILLION)
FIGURE 14: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 15: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 18: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 21: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 22: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: BRAZIL PRINTED
CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: MEXICO PRINTED
CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 28: REST OF LATIN AMERICA
PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)