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 analysis estimated that the Middle East and Africa printed circuit board market is set to garner revenue at 4.07% CAGR over the forecast years 2024-2032.
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The printed circuit board market in the Middle East and Africa region is set to experience promising growth in the coming years. PCBs are crucial components in electronic devices, providing essential electrical connections and mechanical support to electronic parts. Our research also predicts that the flexible electronics market in this region is expected to grow with 8.69% CAGR over the 2023-2030. This highlights the growing adoption of PCBs in the production of electric components amidst the increasing need for digitization, thereby leading to the rapid development of the PCB market. Moreover, there is a heightened focus on renewable energy and smart grid infrastructure in the MEA region, which is significantly boosting the demand for PCBs. As the region increasingly turns to solar, wind, and other renewable energy sources to diversify its energy mix and reduce reliance on fossil fuels, the need for PCBs in the production of electronic components for renewable energy systems is growing.
The countries examined in this region include:
The United Arab Emirates leads with the highest market share, accounting for nearly $0.16 billion in 2023.
The UAE is establishing itself as a global hub for advanced technology and AI, with a strategic focus on international partnerships in semiconductor manufacturing.
The creation of MGX, a technology investment firm led by the Artificial Intelligence and Advanced Technology Council (AIATC), further supports this vision. MGX, backed by Mubadala and G42, focuses on AI infrastructure, semiconductors, and core AI technologies.
In this regard, printed circuit boards are essential in the production of AI hardware and semiconductor devices, making them a critical component in the UAE’s expanding tech ecosystem. As the country’s AI and semiconductor manufacturing capabilities intensify, the demand for PCBs is expected to rise significantly.
Printed Circuit Board Market Trends in Turkey
As per OEC, Turkey’s export of printed circuit boards was valued at $11.3 million in 2022. This reflects the country’s strong capabilities in high-tech manufacturing and its potential to become a significant player in the PCB market. Consequently, the growth of this market is driven by factors such as increasing demand for consumer electronics, the expansion of the automotive industry, particularly with the rise of EVs and the ongoing digital transformation across various sectors. Additionally, government initiatives to boost local manufacturing and technological innovation will play a crucial role in enhancing production capacities, thereby solidifying Turkey’s position in the global PCB supply chain.
The market segments for printed circuit board consist of application, substrate, and raw material. The application segment includes industrial electronics, computer, military, consumer electronics, automotive, communication and other applications. PCBs in the military sector are utilized in a variety of equipment, including drones, UAVs, and devices for navigation and ranging. These boards create pathways that allow electricity to flow through the circuit, serving as a foundation for mounting various electronic components.
Contender Analysis in the Printed Circuit Board Market:
Young Poong Electronics Co Ltd manufactures flexible printed circuit boards (FPCBs) for both the domestic and international electronics markets. The company specializes in single-sided FPCBs and also produces double-sided FPCBs for TFT LCDs, LCDs, mobile phone keypads, side keys, and mounting components for FPC applications, along with higher-density circuits. They also offer double-access FPCBs, which are used in multi-layer FPCBs for color and folder-type mobile phones, built-in applications, and CDRW pickup assemblies. The company is headquartered in Ansan, South Korea.
In 2022, Young Poong Electronics Co Ltd acquired a 4.32% stake in Interflex Co Ltd from Terranix Co Ltd for KRW 9.5 billion.
Some other notable contenders in the printed circuit board market include Samsung Electronics Co Ltd, Shennan Circuits Co Ltd, Tripod Technology Corporation, Unimicron Technology Corporation, and TTM Technologies Inc.
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 the Middle East and Africa 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 Middle East and Africa printed circuit board market’s growth during the upcoming years
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Market by Technology (Data ana ..
VIEW REPORT1. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA 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. MIDDLE
EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
ARAB EMIRATES
6.1.1.1.1. UNITED
ARAB EMIRATES PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. SAUDI
ARABIA
6.1.1.2.1. SAUDI
ARABIA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.3. TURKEY
6.1.1.3.1. TURKEY
PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH
AFRICA
6.1.1.4.1. SOUTH
AFRICA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.5. REST
OF MIDDLE EAST & AFRICA
6.1.1.5.1. REST
OF MIDDLE EAST & AFRICA 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: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2024-2032 (IN $ BILLION)
TABLE 6: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: MIDDLE EAST AND
AFRICA 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: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN
%)
FIGURE 5: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI),
2024-2032 (IN $ BILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN
$ BILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN
%)
FIGURE 18: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $
BILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN
$ BILLION)
FIGURE 22: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: MIDDLE EAST AND
AFRICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED ARAB
EMIRATES PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: SAUDI ARABIA
PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 28: TURKEY PRINTED
CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 29: SOUTH AFRICA
PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 30: REST OF MIDDLE EAST
& AFRICA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)