Europe Printed Circuit Board Market Forecast Analysis 2024-2032

Europe Printed Circuit Board Market Forecast Analysis 2024-2032

According to Triton’s analysis, the Europe printed circuit board market is projected to rise at a CAGR of 4.89% in revenue over the forecast years 2024-2032.

The printed circuit board (PCB) market in Europe has evolved significantly over the past decade with the introduction of multilayer and hybrid PCBs, driven by the increasing use of consumer electronics. Europe hosts over 350+ PCB manufacturers, and the rise in smartphones, tablets, and other devices has fueled market growth. PCBs are essential in various industries, including automotive, defense, medical, and marine. They are used in applications like power supplies, radar monitoring, heart monitors, and marine navigation, highlighting their critical role across multiple sectors.

The countries explored in this region include the United Kingdom, Germany, France, Spain, Italy, and Rest of Europe.

The United Kingdom secures a major market share with revenue of approximately $1.10 billion in 2023.

• The printed circuit board market in the United Kingdom is steadily diversifying within the European region, driven by the growth of the electronics and IT sectors. In 2022, the UK tech industry reflected its resilience by achieving a combined market value of $1 trillion.
• Recently, HMGCC Co-Creation launched a five-month funded project seeking applications from companies and academia to develop robust assurance methods for PCB production. This pilot initiative aims to address national security challenges by finding innovative ways to ensure printed circuit boards perform reliably when and where needed.
• Such initiatives are likely to boost the demand for the printed circuit board market in the UK, enhancing reliability and attracting further investment in the coming years.

Printed Circuit Board Market Forecast for Germany

Germany’s printed circuit board market is growing, driven by the presence of major automotive multinationals like BMW, Audi, Volkswagen, Porsche, and Mercedes, which incorporate advanced technology systems. Additionally, upgrades in defense arms, weapons, and security monitoring systems are key factors boosting the market. In this regard, Thales Group recently extended its circuit board production capabilities at the Industrial Competence Center, driven by rising demand from rail systems across Germany and the European region.

The printed circuit board market is segmented based on substrate, raw material, and application. The substrate segment comprises standard multilayer, flexible circuits, high-density interconnect (HDI), Integrated Circuit (IC), rigid 1-2 sided, and rigid flex. Multilayer printed circuit boards are primarily used in automotive applications such as sensors, ABS, and central systems. Multilayer PCBs ensure power and signal integrity; however, challenges with capacitance, parasitic resistances, and inductance can impact power and signal strength.

Contender Analysis in the Printed Circuit Board Market:

Epitome Components Ltd is a privately held organization incorporated in 1994. The company focuses on continuous improvement in processes and technologies and has been involved in a joint venture with a UK-based ‘Trackwise’ in the manufacturing of RF PCBs since 2007. The company is among the major suppliers of PCBs leading companies, including Videocon, LG, Nokia, Halonix, Phillips, Surya, Flextronics, Bharti Telecom and others. It is headquartered in Maharashtra, India.

Epitome also launched a cutting-edge Vertical Continuous Plating (VCP) line, a next-generation electroplating technology in PCB manufacturing. This system features PLC-based automatic operation, automatic chemical dosing, and integrated alarm functions.

Other contenders in the studied market are Nippon Mektron Ltd, Nan Ya PCB Corporation, OKI Printed Circuits Co Ltd, Samsung Electronics Co Ltd, Shennan Circuits Co Ltd, Tripod Technology Corporation, etc.

EUROPE PRINTED CIRCUIT BOARD MARKET 2024-2032.pdf