North America's PCB market will expand at 7.14% CAGR by 2029, driven by demand for advanced electronics.
- Historical Period2019-2023
- Base Year2024
- Forecast Period2025-2030
- CAGR (2025-2030) 7.14%
- Largest Market United States
- Fastest Market Canada
- Format
Featured Companies
- 1. Sumitomo Electric Industries, Ltd
- 2. The Würth Group
- 3. Cardinal Glass Industries
- 4. TTM Technologies, Inc.
- 5. Jabil Inc.
- 6. AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- More...
Printed Circuit Board Market Analysis
North America’s PCB market has significantly contributed to the region’s competitive standing in the global electronics manufacturing landscape. Printed Circuit Boards (PCBs) are integral components in nearly all electronic systems, providing a platform for the interconnection of electrical components. The inception of PCBs can be traced to the mid-20th century, with the technology originally gaining traction in military and aerospace sectors due to their compact and reliable nature. Initially, complex circuits were hardwired, but the development of PCBs allowed for more efficient and organized electrical connections. PCBs are flat, rigid, or flexible boards made from non-conductive materials such as fiberglass, on which conductive pathways are etched to create electrical connections between various electronic parts. These boards are essential for virtually every electronic device, as they enable the efficient routing of electrical signals. The primary use of PCBs is in consumer electronics, telecommunications, automotive systems, medical devices, aerospace technologies, and industrial machinery. They can be found in devices such as mobile phones, laptops, televisions, medical imaging equipment, and automotive control systems. Technologically, PCBs are designed to support complex multi-layered circuits, increasing their density and functionality for modern electronic products. Flexible PCBs, or flex circuits, are particularly crucial for compact designs, allowing for space-saving in portable devices. Their key advantages include improved reliability, compactness, cost-effectiveness in mass production, and better heat dissipation. PCBs also provide higher accuracy in electrical connections, reducing the likelihood of human error, and support higher frequency signals, thus improving overall device performance. Regulatory standards such as RoHS (Restriction of Hazardous Substances) and IPC standards guide the manufacturing and design of PCBs, ensuring they meet safety, environmental, and quality criteria. These regulations influence material selection, production techniques, and testing processes, ensuring the final product adheres to industry benchmarks while minimizing environmental impact and ensuring safe handling of components. According to the research report "North America Printed Circuit Board Market Outlook, 2030," published by Bonafide Research, the North America Printed Circuit Board market is anticipated to grow at more than 7.14% CAGR from 2025 to 2029. The growth of this sector has been propelled by increasing demand across multiple industries such as automotive, consumer electronics, and telecommunications, alongside advancements in PCB technology. While the COVID-19 pandemic temporarily disrupted supply chains, it also highlighted the necessity for efficient, localized production capabilities, leading to a shift in manufacturing strategies and supply chain management. Major players like Advanced Circuits, TTM Technologies, and Flex Ltd. dominate the region due to their expansive production capabilities, technological advancements, and strong market presence. These companies provide cutting-edge solutions and advanced manufacturing techniques that set high industry standards, consolidating their position as leaders. As the market evolves, there are promising opportunities in areas like 5G technology, electric vehicles, and wearable devices, where specialized PCB applications are becoming increasingly vital. New entrants can tap into these emerging sectors, benefiting from the established networks and knowledge transfer from industry giants. The supply chain within the PCB industry has become more resilient, with a growing emphasis on local sourcing of raw materials and components, thus reducing dependency on international suppliers. Efficient packaging solutions have also gained prominence, driven by the demand for smaller, more complex devices, requiring compact yet highly efficient PCB designs. As new technological advances continue to shape consumer electronics and industrial applications, companies and startups alike have access to a highly collaborative environment. By leveraging innovation in PCB design, manufacturing processes, and logistics, they can capitalize on the diverse and expanding market opportunities while integrating sustainable and cost-effective solutions. This environment encourages healthy competition and continuous improvement in the supply chain, packaging, and product development processes.
Click Here to Download this information in a PDF
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
Download SampleMarket Dynamic
Market Drivers • Technological Advancements in Electronics: The increasing demand for high-performance electronic devices, such as smartphones, computers, and wearables, is a major driver for the PCB market. As electronics become more compact, lightweight, and multifunctional, there is a need for advanced PCB solutions, such as flexible and high-density interconnects, to support complex circuitry and enhanced performance. • Rise of Electric Vehicles (EVs) and 5G Technology: The shift towards electric vehicles and the rapid expansion of 5G networks have created significant opportunities for the PCB market. EVs require PCBs for power management systems, batteries, and control units, while 5G technology demands advanced PCBs with faster signal transmission capabilities, driving growth in both automotive and telecommunications sectors. Market Challenges • Supply Chain Disruptions: The PCB industry has been highly impacted by global supply chain issues, particularly during the COVID-19 pandemic. Shortages of raw materials, such as copper and resins, as well as delays in component sourcing, have hindered the manufacturing process, leading to price increases and production delays. • Environmental and Regulatory Compliance: The need to comply with increasingly stringent environmental regulations, such as the RoHS directive, has posed challenges for manufacturers. Sourcing eco-friendly materials, reducing hazardous substances, and managing waste during production require significant investment in research, development, and process adjustments, creating operational complexities. Market Trends • Miniaturization and Flexible PCBs: There is a growing trend towards smaller, lighter, and more flexible PCBs to accommodate compact devices in industries like wearable electronics, automotive, and IoT. The development of flexible and stretchable PCBs allows for new applications in areas such as medical devices and foldable screens, meeting the demands for greater functionality in tight spaces. • Focus on Sustainability: The PCB market is seeing an increasing push toward sustainable manufacturing practices. Companies are adopting green production methods, recycling PCBs, and using eco-friendly materials to reduce their environmental impact. The push for sustainability is aligned with growing consumer preferences for environmentally responsible products and regulatory pressures to reduce e-waste.
Printed Circuit Board Segmentation
| By Type | Single Sided | |
| Double Sided | ||
| Multi-layered | ||
| High Density Interconnect (HDI) | ||
| Others | ||
| By End-user Industry | Industrial Electronics | |
| Healthcare | ||
| Aerospace and Defense | ||
| Automotive | ||
| Consumer Electronics | ||
| Other End-user Industries | ||
| By Substrate | Rigid | |
| Flexible | ||
| Rigid-flex | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
The High-Density Interconnect (HDI) segment is the fastest-growing sector in the North American PCB industry due to its ability to meet the increasing demand for smaller, faster, and more powerful electronic devices. As consumer electronics and advanced technological systems continue to evolve, the demand for compact and high-performance products has skyrocketed. HDI technology allows for more components to be placed on a single, smaller board, offering greater functionality in limited space. This capability is critical in industries like smartphones, wearables, medical devices, and automotive electronics, where the need for miniaturized yet highly efficient circuits is paramount. HDI boards employ advanced techniques such as microvias, blind vias, and buried vias, enabling the creation of multi-layered circuits with higher pin density and faster signal transmission speeds. These innovations are not only essential for meeting consumer expectations but also for supporting technologies like 5G, Internet of Things (IoT) devices, and electric vehicles, all of which require sophisticated electronics with minimal size and maximum performance. The integration of HDI technology also helps to overcome the limitations of traditional PCB designs, such as signal loss and interference, by allowing for shorter electrical paths and better thermal management. As the market for IoT, automotive, and mobile electronics continues to grow, the shift towards HDI technology is natural, driven by the need for more robust, high-speed, and space-saving solutions. Manufacturers are increasingly investing in HDI to remain competitive and fulfill the growing requirements of modern electronic systems, making it one of the most promising areas within the North American PCB market. Industrial electronics is a significant end-user industry in the North American PCB market due to the essential role that advanced printed circuit boards play in powering and enhancing complex machinery and automation systems across various sectors. The industrial electronics sector relies heavily on high-performance PCBs to facilitate the operation of machinery, control systems, and automation devices in industries such as manufacturing, energy, and robotics. These systems require PCBs to ensure reliable performance, durability, and precision, as they are often exposed to harsh environments with extreme temperatures, vibrations, and potential exposure to moisture. The trend toward automation in industrial processes has driven the demand for more advanced and reliable electronic components, and PCBs are at the core of this evolution. They enable seamless communication between sensors, actuators, and control units, making it possible for industrial equipment to operate efficiently and autonomously. In addition to automation, the increasing integration of Internet of Things (IoT) technologies into industrial applications has further solidified the role of PCBs in this sector. With IoT, sensors and devices can connect, collect, and transmit data, and this connectivity relies on the robust functionality of PCBs to manage high-speed data and electrical signals. Furthermore, the push for energy efficiency and sustainability in industrial processes has led to the development of specialized PCBs that are optimized for power management, making them a critical component in green technologies such as renewable energy systems. As industrial sectors continue to evolve, the demand for advanced PCB solutions that can withstand challenging environments and support innovative technologies is expected to increase, further reinforcing the importance of industrial electronics in the North American PCB market. Rigid substrates dominate the North American PCB industry as they offer unmatched stability, durability, and cost-effectiveness for a wide range of electronic applications. The widespread adoption of rigid PCBs can be attributed to their ability to provide a reliable and stable platform for electronic components, making them ideal for many industries, including consumer electronics, automotive, telecommunications, and industrial applications. Rigid substrates, typically made from materials like fiberglass or epoxy resin, are designed to hold components in place securely, ensuring long-term durability and performance even in challenging environments. This stability is critical for devices that require consistent operation over extended periods, such as computers, televisions, medical equipment, and power control systems. Their robust construction also makes them less susceptible to physical damage, which is essential for applications in harsh conditions, including automotive and industrial machinery. In addition to their mechanical reliability, rigid PCBs are also cost-effective to manufacture, particularly when mass-producing standard designs. This affordability makes them the preferred choice for high-volume production, where cost efficiency is a key factor. Furthermore, the rigid design allows for the integration of more complex circuitry, including multi-layer configurations, which can accommodate advanced functions within a limited space. As the demand for reliable, durable, and cost-effective electronics continues to rise across various sectors, rigid PCBs are expected to remain a dominant substrate in North America, given their ability to meet the technological and economic requirements of a diverse range of end-user industries.
Click Here to Download this information in a PDF
Printed Circuit Board Market Regional Insights
The USA leads the North American PCB industry due to its advanced manufacturing capabilities, innovation-driven ecosystem, and robust demand across various high-tech sectors. The United States has established itself as a leader in the PCB market largely due to its strong technological infrastructure and ability to continuously innovate. The country is home to some of the world’s largest PCB manufacturers, along with a highly skilled workforce and cutting-edge research institutions that push the boundaries of electronics technology. This environment fosters rapid development and adoption of the latest PCB technologies, such as high-density interconnect (HDI) boards, flexible circuits, and multi-layered PCBs, which cater to the growing demands of industries like telecommunications, aerospace, automotive, and consumer electronics. Additionally, the strong presence of major tech companies in Silicon Valley and other hubs provides a consistent demand for advanced PCBs that support the design and production of next-generation electronics. The U.S. also benefits from a well-established supply chain infrastructure, allowing for efficient sourcing of materials, component manufacturing, and distribution networks. The country’s emphasis on research and development has enabled it to maintain its competitive edge, ensuring that PCB technologies meet the evolving needs of sectors such as 5G, electric vehicles, and medical devices. Furthermore, the U.S. has a favorable business environment that encourages investment in high-tech manufacturing and promotes industry standards that enhance product quality and reliability. As a result, the combination of innovation, manufacturing strength, and robust sectoral demand has allowed the United States to maintain a leadership position in the North American PCB market, making it the dominant force in the region.
Click Here to Download this information in a PDF
Companies Mentioned
- Sumitomo Electric Industries, Ltd
- The Würth Group
- Cardinal Glass Industries
- TTM Technologies, Inc.
- Jabil Inc.
- AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- Asteelflash Group
- Ellington Electronics Technology Group
- Flex Ltd.
- Sanmina Corporation
- Plexus Corp.
- Advanced Circuits Inc
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Printed Circuit Board (PCB) Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Type
- 5.4. Market Size and Forecast, By End-user Industry
- 5.5. Market Size and Forecast, By Substrate
- 5.6. Market Size and Forecast, By Material Type
- 6. Market Dynamics
- 6.1. Market Drivers & Opportunities
- 6.2. Market Restraints & Challenges
- 6.3. Market Trends
- 6.3.1. XXXX
- 6.3.2. XXXX
- 6.3.3. XXXX
- 6.3.4. XXXX
- 6.3.5. XXXX
- 6.4. Supply chain Analysis
- 6.5. Policy & Regulatory Framework
- 6.6. Industry Experts Views
- 7. North America Printed Circuit Board (PCB) Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Type
- 7.4. Market Size and Forecast, By End-user Industry
- 7.5. Market Size and Forecast, By Substrate
- 7.6. United States Printed Circuit Board (PCB) Market Outlook
- 7.6.1. Market Size by Value
- 7.6.2. Market Size and Forecast By Type
- 7.6.3. Market Size and Forecast By End-user Industry
- 7.6.4. Market Size and Forecast By Substrate
- 7.7. Canada Printed Circuit Board (PCB) Market Outlook
- 7.7.1. Market Size by Value
- 7.7.2. Market Size and Forecast By Type
- 7.7.3. Market Size and Forecast By End-user Industry
- 7.7.4. Market Size and Forecast By Substrate
- 7.8. Mexico Printed Circuit Board (PCB) Market Outlook
- 7.8.1. Market Size by Value
- 7.8.2. Market Size and Forecast By Type
- 7.8.3. Market Size and Forecast By End-user Industry
- 7.8.4. Market Size and Forecast By Substrate
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. The Würth Group (Wü'rth)
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. TTM Technologies, Inc.
- 8.5.3. Jabil Inc.
- 8.5.4. Sumitomo Electric Industries, Ltd
- 8.5.5. AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- 8.5.6. Asteelflash Group
- 8.5.7. Ellington Electronics Technology Group
- 8.5.8. Flex Ltd.
- 8.5.9. NOK Corporation
- 8.5.10. Sanmina Corporation
- 8.5.11. Plexus Corp.
- 8.5.12. Advanced Circuits Inc
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Printed Circuit Board (PCB) Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 6: Global Printed Circuit Board (PCB) Market Size and Forecast, By End-user Industry (2019 to 2030F) (In USD Billion)
Table 7: Global Printed Circuit Board (PCB) Market Size and Forecast, By Substrate (2019 to 2030F) (In USD Billion)
Table 8: Global Printed Circuit Board (PCB) Market Size and Forecast, By Material Type (2019 to 2030F) (In USD Billion)
Table 9: Influencing Factors for Printed Circuit Board (PCB) Market, 2024
Table 10: North America Printed Circuit Board (PCB) Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 11: North America Printed Circuit Board (PCB) Market Size and Forecast, By End-user Industry (2019 to 2030F) (In USD Billion)
Table 12: North America Printed Circuit Board (PCB) Market Size and Forecast, By Substrate (2019 to 2030F) (In USD Billion)
Table 13: United States Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 14: United States Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 15: United States Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 16: Canada Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 17: Canada Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 18: Canada Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 19: Mexico Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 20: Mexico Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 21: Mexico Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 22: Competitive Dashboard of top 5 players, 2024
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Printed Circuit Board (PCB) Market Share By Region (2024)
Figure 6: North America Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: North America Printed Circuit Board (PCB) Market Share By Country (2024)
Figure 8: US Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Canada Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: Mexico Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Porter's Five Forces of Global Printed Circuit Board (PCB) Market
Printed Circuit Board Market Research FAQs
Related Reports
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More
Safe and Secure SSL Encrypted
Quick Contacts
Want to customize this report?
We offer 10% Free Customization at the time of purchase
Get Free Customization.png "Nikita Jabrela")
Trusted Partners
Budget constraints? Get in touch with us for special pricing
Request DiscountOrder Detail
- Order Placed (17 March, 2025)
- Notify To Team (17 March, 2025)
- Report updation (18 March, 2025)
- Report Quality Check (18 March, 2025)
- Report Dispatch (19 March, 2025)
- Hard Copy
Recently Viewed Products
North America Printed Circuit Board Market Outlook, 2030
We are friendly and approachable, give us a call.