PCB Assembly Service Trends and Forecast
The future of the global PCB assembly service market looks promising with opportunities in the telecommunication, consumer electronic, medical & healthcare, industrial & automation, and automotive & aerospace markets. The global PCB assembly service market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing complexity and sophistication of electronic devices, ongoing advancements in PCB design software, assembly technologies, and manufacturing processes, and globalization of supply chains and the expansion of electronics markets worldwide.
• Lucintel forecasts that rigid PCB assembly is expected to witness the highest growth over the forecast period.
• Within this market, telecommunication is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: Leading PCB assembly service providers like Flex Ltd. and Jabil Circuit Inc. announced aggressive expansion plans to cater to growing demand. The US governmentÄX%$%Xs initiatives to bolster domestic manufacturing further incentivized companies to invest in advanced assembly technologies.
China: Key players such as Foxconn and BYD Co. are targeting substantial growth in PCB assembly capacity, aligning with ChinaÄX%$%Xs "Made in China 2025" initiative. Government support for technological innovation and infrastructure development enhances the countryÄX%$%Xs competitiveness in the global PCB market.
Germany: Prominent companies like ASM Assembly Systems GmbH & Co. KG and Zollner Elektronik AG are focusing on R&D to enhance automation and efficiency in PCB assembly processes. Government initiatives promoting Industry 4.0 and sustainability drive investments in advanced manufacturing technologies.
Japan: Top PCB assembly service providers such as Nippon Mektron Ltd. are aiming for strategic partnerships and acquisitions to expand their global footprint. The Japanese governmentÄX%$%Xs emphasis on innovation and digitalization in manufacturing encourages companies to invest in cutting-edge assembly capabilities for competitive advantage.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
PCB Assembly Service by Segment
The study includes a forecast for the global PCB assembly service by type, demand, end use, and region.
PCB Assembly Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Rigid PCB Assembly
• Rigid-Flex PCB Assembly
• Fine-Pitch SMT Assembly
• Through-Hole Technology Assembly
• Wire/Cable Assembly
PCB Assembly Service Market by Demand [Shipment Analysis by Value from 2018 to 2030]:
• OEM
• ODM
PCB Assembly Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Telecommunications
• Consumer Electronics
• Medical & Healthcare
• Industrial & Automation
• Automotive & Aerospace
PCB Assembly Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of PCB Assembly Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies PCB assembly service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PCB assembly service companies profiled in this report include-
• Ensign-Bickford Industries
• Kolpak Industries
• CJI Process Systems
• Primo Manufacturing Services
• Altek Corporation
• Flextronics
• Serpac Electronics Manufacturing and Design Solutions
Recent Development in the PCB Assembly Service Market
Foxconn Expands Operations: Foxconn, a leading PCB assembly service provider, announced plans to expand its operations by opening a new manufacturing facility in India. This move aims to capitalize on the growing demand for electronics manufacturing in the region and strengthen FoxconnÄX%$%Xs presence in key markets.
Flextronics Introduces Advanced Assembly Techniques: Flextronics unveiled its latest advancements in PCB assembly technology, including the integration of AI-driven quality control systems and robotic assembly lines. These innovations promise higher efficiency, lower production costs, and improved product quality for clients.
Jabil Partners with Startups: Jabil, a global electronics manufacturing services company, announced strategic partnerships with several tech startups to provide end-to-end PCB assembly solutions. By collaborating with innovative companies, Jabil aims to stay at the forefront of technological advancements and offer cutting-edge assembly services to its clients.
Sanmina Acquires PCB Manufacturer: Sanmina Corporation completed the acquisition of a leading PCB manufacturer, expanding its capabilities in the assembly services market. The acquisition enhances SanminaÄX%$%Xs product offerings and strengthens its position as a top-tier provider of electronic manufacturing solutions.
Benchmark Electronics Launches Sustainable Initiatives: Benchmark Electronics introduced sustainability initiatives aimed at reducing environmental impact throughout the PCB assembly process. By implementing eco-friendly practices such as waste reduction and energy efficiency measures, Benchmark aims to align its operations with global sustainability goals and meet the increasing demand for environmentally responsible manufacturing solutions.
Features of the Global PCB Assembly Service Market
Market Size Estimates: PCB assembly service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: PCB assembly service market size by type, demand, end use, and region in terms of value ($B).
Regional Analysis: PCB assembly service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, demands, end uses, and regions for the PCB assembly service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the PCB assembly service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for PCB assembly service market?
Answer: The global PCB assembly service market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the PCB assembly service market?
Answer: The major drivers for this market are growing complexity and sophistication of electronic devices, ongoing advancements in PCB design software, assembly technologies, and manufacturing processes, and globalization of supply chains and the expansion of electronics markets worldwide.
Q3. What are the major segments for PCB assembly service market?
Answer: The future of the global PCB assembly service market looks promising with opportunities in the telecommunication, consumer electronic, medical & healthcare, industrial & automation, and automotive & aerospace markets.
Q4. Who are the key PCB assembly service market companies?
Answer: Some of the key PCB assembly service companies are as follows:
• Ensign-Bickford Industries
• Kolpak Industries
• CJI Process Systems
• Primo Manufacturing Services
• Altek Corporation
• Flextronics
• Serpac Electronics Manufacturing and Design Solutions
Q5. Which PCB assembly service market segment will be the largest in future?
Answer: Lucintel forecasts that rigid PCB assembly is expected to witness the highest growth over the forecast period.
Q6. In PCB assembly service market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the PCB assembly service market by type (rigid PCB assembly, rigid-flex PCB assembly, fine-pitch SMT assembly, through-hole technology assembly, and wire/cable assembly), demand (OEM and ODM), end use (telecommunications, consumer electronics, medical & healthcare, industrial & automation, and automotive & aerospace), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to PCB Assembly Service Market, PCB Assembly Service Market Size, PCB Assembly Service Market Growth, PCB Assembly Service Market Analysis, PCB Assembly Service Market Report, PCB Assembly Service Market Share, PCB Assembly Service Market Trends, PCB Assembly Service Market Forecast, PCB Assembly Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.