Webinar: Global Printed Circuit Assembly Market - Statistics, Trends, and Outlook

Thursday, April 29th, 2021 @ 10:00 am ET

Join our live webinar to get insights into the global printed circuit assembly market.

Hey everybody!

We are hosting a 40-minute live webinar on the global printed circuit assembly market.

Join us to get the main macroeconomic statistics around the production and trade, and talk over the challenges of coronavirus and the nearest future of the market.

We invite speakers from the industry to share their thoughts on how they are going through this difficult time.

Listen to stories from entrepreneurs from around the world and share yours!

Background

After two years of growth, the U.S. printed circuit assembly market decreased by -16.4% to $35.1B in 2019. The market value increased at an average annual rate of +2.9% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $41.9B in 2018, and then contracted markedly in the following year. This rapid decrease was caused b a plunge in printed circuit imports from China.

In terms of supplying countries, South Korea ($4.1B), Taiwan ($4.1B), and China ($3.4B) were the main suppliers of printed circuit assembly to the U.S., together accounting for 67% of total imports (IndexBox estimates). Imports from Taiwan recorded tangible growth in 2019, while supplies from China dropped dramatically in the last year. This went along with a new round of trade confrontation between the U.S. and China when the U.S. tries to limit the influence of Chinese technology companies on the American market. 

Printed circuit assembly production, meanwhile, amounted to $18.3B in 2019. The total output value increased at an average annual rate of +1.4% from 2013 to 2019. Despite the pandemic, preliminary data show that in the first half, cumulative revenues of electronic component manufacturers did not decline from the previous year. This could indicate that the printed circuit assemblies and microelectronics market, in general, will be more resilient to a pandemic than many other markets.  

Printed circuit assemblies constitute integrated electronic systems containing various semiconductors and other elements mounted on printed circuit boards.  Such systems are widely used in the production of electronic, computer, digital, video, audio and other types of apparatus, in aerospace, industrial automation, telecommunications, and many other areas.

Therefore, the key factor determining the development of the printed circuit assembly market is the dynamics of industrial manufacturing, which, in turn, depends on economic growth, employment and income of the population, and investments, which altogether reflect the overall GDP growth. In addition, the growth of the market is also shaped by the growing digitalization of the economy, the development of smart technology and the Internet of Things, as well as the rapid development of mobile communication networks and the expansion of their coverage.

Speakers

Smartmatic
Ed Smith
US Global Services Director
Most of my experience has been at smaller companies or new divisions of larger companies. I have helped all to find a place in the market, knock out incumbents, differentiate their offerings and exceed in getting more than their fair share of those markets.

Smartmatic is the global leader in secure, accessible, transparent election technology & support services. Our electronic voting platforms are designed around the idea that all parties, citizens and officials can audit an election at any stage.

Forte Micro
Hugh Cullin
Sales Director
Highly Energetic, Entrepreneurial, Business Development Professional with 20+ years experience. Specialties: Electronic Manufacturing Service, PCBA, Box Builds, LCDs, Business Development, Cost engineering, Semiconductors, Optics, Mechanical Systems and electronic components.

Forte Micro designs and manufactures electronic and electromechanical components and turnkey systems for leading companies across aerospace & defense, automotive, commercial & industrial, consumer, and medical device industries.

IndexBox Inc.
Ivan Borovoi
Market Analyst, Editor
Ivan Borovoi is a market analyst and editor at IndexBox Inc.

For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.

Printed Circuit Assemblies (Electronic Assemblies) - World

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