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 analysis states that the printed circuit board market in North America is estimated to gain revenue at a CAGR of 4.16% over the forecast years 2024-2032.
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The printed circuit board market in North America has been rapidly expanding, driven by growing demand for smart devices, electronic utilities, and increasing internet penetration. Manufacturers of electronic devices like smartphones, rechargeable batteries, and LED/LCDs are seeing a surge in demand for PCB production, significantly boosting growth in this sector. Additionally, companies are investing in advanced materials and technologies to enhance PCB performance, while also focusing on sustainable manufacturing practices to meet regulatory and environmental standards. As the region continues to innovate in areas like 5G infrastructure, electric vehicles, and advanced manufacturing, the need for high-quality, reliable PCBs has become paramount.
The countries researched in this region include:
The United States holds the largest market share, achieving around $3.08 billion in 2023.
In 2022, the US government enacted the CHIPS and Science Act to boost semiconductor research and manufacturing in order to strengthen national security and supply chains.
Since its introduction, companies announced over $200 billion in private investments for new US semiconductor projects. These investments are aimed at boosting semiconductor production capacity as well as fostering innovation in chip design and manufacturing processes.
This initiative is set to drive growth in the printed circuit board (PCB) market, as increased demand for semiconductors will necessitate more advanced and reliable PCBs to support the expanding semiconductor industry.
Printed Circuit Board Market Forecast for Canada
As per OEC, Canada imported $291 million worth of printed circuit boards in 2022, ranking as the 26th largest importer globally. This highlights a strong domestic demand, which is driving PCB market growth by attracting more suppliers and encouraging investment in local PCB production capabilities. This increased trade activity can stimulate innovation, enhance supply chain dynamics, and foster expansion in the printed circuit board market to meet growing needs.
The studied market is categorized into application, raw material, and substrate. The application segment comprises communications, consumer electronics, industrial electronics, automotive, military, and other applications. In the communication sector, PCBs are essential in digital devices like power distribution systems, networking equipment, routers, mobile phones, switching systems, and amplifiers. They electrically connect electronic components and serve as the foundation for integrating the entire system.
Contender Analysis in the Printed Circuit Board Market:
Shennan Circuits is a PCB manufacturing company founded in 1984. The company offers a range of services, including multi-layer boards, package substrates, laminated bus bars, electronic assembly, PCB assembly, signal testing, simulation, system-in-package design, and PCB design. Its products are utilized in automotive electronics, medical automation, aerospace electronics, and telecommunications equipment. The company is headquartered in Shenzhen, China.
In 2023, the company also invested $183.2 million to establish a new PCB plant in Thailand to cater to its international customers.
The other important contenders in the printed circuit board market are Ascent Circuit Pvt Ltd, Daeduck Electronics, Compeq Manufacturing Co Ltd, Epitome Components Ltd, Ibiden Co Ltd, Hannstar Board Corporation, and ISU Petasys.
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 North 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 North America printed circuit board market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
Market by Technology (Data ana ..
VIEW REPORT1. NORTH
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. NORTH
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. NORTH
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. NORTH
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. NORTH
AMERICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1. NORTH
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. UNITED
STATES
6.1.1.1.1. UNITED
STATES PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA
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: NORTH 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: NORTH AMERICA PRINTED
CIRCUIT BOARD MARKET, BY RAW MATERIALS, 2024-2032 (IN $ BILLION)
TABLE 6: NORTH AMERICA PRINTED
CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: NORTH AMERICA PRINTED
CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: NORTH 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: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $
BILLION)
FIGURE 10: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI), 2024-2032 (IN
$ BILLION)
FIGURE 14: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $
BILLION)
FIGURE 15: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 18: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $
BILLION)
FIGURE 21: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $
BILLION)
FIGURE 22: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $
BILLION)
FIGURE 25: NORTH AMERICA
PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED STATES
PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: CANADA PRINTED
CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)