European Printed Circuit Board Market - Forecast(2021 - 2026)
The volume generated by the European printed circuit board market was 4.933 million units in 2016 and is estimated to reach 6,152 million units by 2024, growing at a CAGR of 2.6% during the forecast period 2016–2024. Germany is the largest market for printed circuit board in Europe, holding a share of 22% in 2016. The country’s printed circuit board market is further estimated to grow at a CAGR of 3.6% during the forecast period. Advancements in internet of things and increased adoption of smart devices are driving the market growth.
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European Printed Circuit Board Market Outlook
A printed circuit board (PCB) is a plastic board made of a non-conductive material, such as plastic or fiber-glass, that has copper lines and pads connected to each other. These copper lines allow electrical charge to flow through the different components such as transistors, capacitors, and resistors that are located systematically on the PCB. These successfully fulfil the need for an electronic device that could fit components within the smallest amount of space possible. PCBs are used in monitors, control systems, internal devices, and scientific instruments in Medical applications. In consumer electronics, PCBs are used in mobile devices, computer electronics, recording devices, entertainment systems, and home appliances. In aerospace, they are used in navigation devices, monitoring equipment, testing equipment, and so on.
Wearable electronics, flexible displays and medical applications, and flexible technology are pushing the industry increasingly towards flexible and flex-rigid PCBs. Flexible PCB technology is already outpacing rigid PCB in terms of sales growth. Miniature PCBs enable the creation of mini portable solar panels for consumer applications that include personal device charging, water heating, and Wi-Fi extension, which is driving the market growth.
European Printed Circuit Board Market Challenges
Most of the PCB waste generated cannot be recycled and this poses a major challenge for the market as there are various hazardous waste disposal regulations imposed by various regulatory bodies in Europe. Increased cost of disposing PCB due to changing regulations regarding e-waste also hinders the market growth.
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the European Printed Circuit Board market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Printed Circuit Boards in Europe, and their specific applications in different types of industry verticals.
We also publish more than 100 reports every month in "Electronics", Go through the Domain if there are any other areas for which you would like to get a market research study.
European Printed Circuit Board Market Outlook
A printed circuit board (PCB) is a plastic board made of a non-conductive material, such as plastic or fiber-glass, that has copper lines and pads connected to each other. These copper lines allow electrical charge to flow through the different components such as transistors, capacitors, and resistors that are located systematically on the PCB. These successfully fulfil the need for an electronic device that could fit components within the smallest amount of space possible. PCBs are used in monitors, control systems, internal devices, and scientific instruments in Medical applications. In consumer electronics, PCBs are used in mobile devices, computer electronics, recording devices, entertainment systems, and home appliances. In aerospace, they are used in navigation devices, monitoring equipment, testing equipment, and so on.
European Printed Circuit Board Market Growth Drivers
Wearable electronics, flexible displays and medical applications, and flexible technology are pushing the industry increasingly towards flexible and flex-rigid PCBs. Flexible PCB technology is already outpacing rigid PCB in terms of sales growth. Miniature PCBs enable the creation of mini portable solar panels for consumer applications that include personal device charging, water heating, and Wi-Fi extension, which is driving the market growth.
European Printed Circuit Board Market Challenges
Most of the PCB waste generated cannot be recycled and this poses a major challenge for the market as there are various hazardous waste disposal regulations imposed by various regulatory bodies in Europe. Increased cost of disposing PCB due to changing regulations regarding e-waste also hinders the market growth.
European Printed Circuit Board Market Research Scope
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the European Printed Circuit Board market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Printed Circuit Boards in Europe, and their specific applications in different types of industry verticals.
We also publish more than 100 reports every month in "Electronics", Go through the Domain if there are any other areas for which you would like to get a market research study.
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