Hyderabad, July 12, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled "Europe Printed Circuit Board Market Report (2023-2028)," the market is estimated at USD 2.53 billion in 2023. It is expected to register a CAGR of 2.80% during the forecast period.
Printed circuit boards, or PCBs, are used to connect electronic components. We can identify them as green-colored boards. Miniaturization of electronic components has led to the development of small, portable computer devices that can be worn or carried with ease, driving the demand for PCBs all over Europe. The European PCB manufacturing sector is witnessing more investments and capacity expansions.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 2.53 billion |
| Market Size (2028) | USD 2.91 billion |
| CAGR (2023-2028) | 2.80% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Applications in connected vehicles. |
| Miniaturization of electronic components. |
Who are the Top Companies in the Europe Printed Circuit Board Market?
The European PCB market is highly fragmented. Players in the market use strategies like partnerships, mergers, investments, and acquisitions to stay ahead of the competition.
The significant players in the European printed circuit board market in 2023 are:
- Jabil Inc.
- Aspocomp Group PLC
- KSG GmbH
- Benchmark Electronics Inc.
- Wurth Elektronik Group (Wurth Group)
- LeitOn GmbH
- MicroCirtec Micro Circuit Technology GmbH
- Becker & Muller Schaltungsdruck GmbH
- AT&S Austria Technologies & Systemtechnik AG
- MEKTEC Europe GmbH (Nippon Mektron Ltd)
- Unimicron Technology Corporation
- Sumitomo Electric Industries Ltd (Sumitomo Corporation)
- ICAPE Group
- Elvia PCB Group
- Fujikura Ltd
- Multek Corporation
- NCAB Group
- Exception PCB Limited
- Lab Circuits
- Eurocircuits
- TTM Technologies Inc.
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Key Highlights from the Europe Printed Circuit Board Market Report:
Flexible and Flexi-Rigid PCBs Driving the Market
- Multilayer flexible PCBs offer advantages like higher assembly density, increased flexibility, smaller size, and easier incorporation. Flexi-rigid PCBs offer high stress-absorbing capability and space-saving.
- The adoption of flexible and flexi-rigid PCBs in Europe is increasing in wearable electronics, flexible displays, medical applications, etc.
Growth of the Market in Germany
- Germany is known for its automotive industry. Semiconductor companies are investing in innovations in autonomous vehicles in the country.
- Favorable government initiatives are also an advantage for PCB manufacturers in Germany.
What are the Latest Developments in the Europe Printed Circuit Board Market?
- In December 2022, ICAPE Group acquired 100% of the shares in MMAB Group, a Swedish PCB manufacturer and distributor. The company intends to continue its acquisition strategy in the short and medium term to optimize its solid organic growth.
- In November 2022, UnimicronGermany, headquartered in Geldern, North Rhine-Westphalia, committed to investing an additional EUR 12 million (USD 12.89 million) in new infrastructure, equipment, and buildings.
Mordor Intelligence has Segmented the Europe Printed Circuit Board Market Based on Category, End-User Vertical, and Country.
- By Category (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Standard Multilayer PCBs
- Rigid 1-2-sided PCBs
- HDI/Micro-via/Build-up
- Flexible PCBs
- Rigid Flex PCBs
- Other Categories
- By End-user Vertical (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Industrial Electronics
- Aerospace and Defense
- Consumer Electronics
- Communications
- Automotive
- Medical
- Other End-user Verticals
- By Country (Market Size and Forecast based on Value (USD billion), 2018-2028)
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Europe Printed Circuit Board Market Report (2023-2028).
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About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the competitive landscape of the industry.
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