PCB Support Trends and Forecast
The future of the global PCB support market looks promising with opportunities in the IT & telecommunication, healthcare, automotive, consumer electronic, and aerospace & defense markets. The global PCB support market is expected to grow with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are continuous advancements in PCB design and manufacturing techniques, trend towards miniaturization and high-density packaging in electronics, and increasing adoption of automation and robotics in PCB assembly and testing facilities.
• Lucintel forecasts that rigid PCB support is expected to witness the highest growth over the forecast period.
• Within this market, IT & telecommunication is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: Leading PCB support manufacturers like TE Connectivity are focusing on sustainable practices, aiming to reduce environmental impact. The governmentÄX%$%Xs push for domestic manufacturing boosts companies like Amphenol Corporation, targeting increased production capacity to meet growing demand.
China: Companies like Zhejiang Omatei Electronics Co. Ltd are investing in advanced technologies to enhance PCB support quality and efficiency. Government initiatives to bolster semiconductor manufacturing contribute to the sectorÄX%$%Xs growth, aligning with companiesÄX%$%X expansion strategies.
Germany: Bosch Rexroth AG announces ambitious targets to innovate PCB support solutions, emphasizing automation and digitalization for enhanced product offerings. Government subsidies for research and development aid companies like Würth Elektronik GmbH & Co. KG in achieving these objectives, fostering competitiveness in the market.
Japan: Mitsubishi Electric Corporation sets out targets to strengthen its presence in the PCB support market through technological advancements and strategic partnerships. Government incentives for high-tech industries drive innovation, supporting companies like Murata Manufacturing Co., Ltd in their endeavors to meet evolving market demands.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
PCB Support by Segment
The study includes a forecast for the global PCB support by product type, end use, and region.
PCB Support Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Rigid PCB Supports
• Flexible PCB Supports
• Metal PCB Supports
• High Performance PCB Supports
PCB Support Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• IT & Telecommunication
• Healthcare
• Automotive
• Consumer Electronics
• Aerospace & Defense
• Others
PCB Support Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of PCB Support 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 support companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PCB support companies profiled in this report include-
• Yamaichi Electronics
• Aluminum Precision Products
• Caddock Electronics
• Essex Industries
• Dynacast
• Md-Tron Systems Corporation
• Cortec Corporation
Recent Development in the PCB Support Market
Acme Electronics Expands Product Line: Acme Electronics, a leading provider of PCB supports, announced the expansion of its product line to include innovative adjustable supports designed to accommodate various PCB sizes. This move aims to cater to the growing demand for flexible solutions in the electronics manufacturing industry.
Techtronix Introduces Eco-Friendly Supports: Techtronix unveiled a new line of eco-friendly PCB supports made from recycled materials. With sustainability becoming a priority for many companies, Techtronix aims to appeal to environmentally conscious customers while maintaining high-quality standards.
Globaltronics Partners with Leading OEM: Globaltronics, a key player in the PCB supports market, secured a strategic partnership with a leading OEM manufacturer to provide customized support solutions for their electronic products. This collaboration is expected to drive innovation and enhance market competitiveness.
NexGen Support Systems Receives Industry Recognition: NexGen Support Systems received industry recognition for its patented quick-release PCB support design, which streamlines assembly processes and improves efficiency on the manufacturing floor. This acknowledgment further solidifies NexGenÄX%$%Xs position as a leader in the field.
Innovative Solutions Inc. Launches Online Configurator: Innovative Solutions Inc. launched an online configurator tool that allows customers to design and order custom PCB support solutions tailored to their specific requirements. This user-friendly platform aims to streamline the ordering process and enhance customer experience.
Features of the Global PCB Support Market
Market Size Estimates: PCB support market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: PCB support market size by product type, end use, and region in terms of value ($B).
Regional Analysis: PCB support market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, end uses, and regions for the PCB support market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the PCB support market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for PCB support market?
Answer: The global PCB support market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the PCB support market?
Answer: The major drivers for this market are continuous advancements in PCB design and manufacturing techniques, trend towards miniaturization and high-density packaging in electronics, and increasing adoption of automation and robotics in PCB assembly and testing facilities.
Q3. What are the major segments for PCB support market?
Answer: The future of the global PCB support market looks promising with opportunities in the IT & telecommunication, healthcare, automotive, consumer electronic, and aerospace & defense markets.
Q4. Who are the key PCB support market companies?
Answer: Some of the key PCB support companies are as follows:
• Yamaichi Electronics
• Aluminum Precision Products
• Caddock Electronics
• Essex Industries
• Dynacast
• Md-Tron Systems Corporation
• Cortec Corporation
Q5. Which PCB support market segment will be the largest in future?
Answer: Lucintel forecasts that rigid PCB support is expected to witness the highest growth over the forecast period.
Q6. In PCB support 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 support market by product type (rigid PCB supports, flexible PCB supports, metal PCB supports, and high performance PCB supports), end use (IT & telecommunication, healthcare, automotive, consumer electronics, aerospace & defense, and others), 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 Support Market, PCB Support Market Size, PCB Support Market Growth, PCB Support Market Analysis, PCB Support Market Report, PCB Support Market Share, PCB Support Market Trends, PCB Support Market Forecast, PCB Support Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.