Market Size of Europe PCB Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 2.60 Billion |
Market Size (2029) | USD 2.99 Billion |
CAGR (2024 - 2029) | 2.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe PCB Market Analysis
The Europe PCB Market size is estimated at USD 2.60 billion in 2024, and is expected to reach USD 2.99 billion by 2029, growing at a CAGR of 2.80% during the forecast period (2024-2029).
- PCBs adoption in connected vehicles accelerated the market. These vehicles have been fully equipped with both wired and wireless technologies, making it easy for them to connect to computing devices like smartphones. With such technology, drivers can unlock their vehicles, start climate control systems remotely, check their electric car's battery status, and track their vehicles using smartphones.
- Electronic components miniaturization made it possible to build small portable and handheld computing devices that can be carried anywhere. As a result, smaller and lighter devices having high processing capacity are available on the market. They are becoming more wearable since components can be easily embedded (for example: in clothing and bags) and carried for long periods.
- In recent years, the European PCB manufacturing sector is witnessing robust investments in technological advancements and capacity expansions. For instance, in September 2022, Unimicron Germany, headquartered in Geldern, committed EUR 12 million (USD 12.89 million) to a new facility and advanced high-tech PCB production processes. The new structure is adjacent to the inner layer manufacturing, which was completed in 2018 and is one of the most modern in Europe. According to the company, the investment will help it enhance its technological leadership in printed circuit board technology and sustainability.
- Miniaturization in electronic devices comprises fitting more transistor nodes on a smaller integrated circuit. The IC is then interfaced within its intended system or device so that, once assembled, the system can perform the desired function. Optimizing size, weight, and power (SWaP) is the latest technology in electronics manufacturing. Be it aerospace, medical, defense, telecommunications, or the consumer market, the need of the hour is a miniaturized product without compromising computing capability and efficiency.
- The COVID-19 pandemic had a significant impact on the region's economy. Many end-user industries were concerned, including those in electronics manufacturing. However, in the post-pandemic scenario, the market is witnessing growth due to many regional governments pushing the semiconductor industry.
Europe PCB Industry Segmentation
A printed circuit board, or PCB, helps mechanically and electrically connect electronic components utilizing conductive pathways, tracks, or signal traces engraved from copper sheets laminated onto a non-conductive substrate. PCBs dominate electronic devices and can be easily identified as green-colored boards.
The Europe Printed Circuit Board Market is segmented by Category (Standard Multilayer PCBs, Rigid 1-2-sided PCBs, HDI/Micro-via/Build-up, Flexible PCBs, Rigid-flex PCBs, and other categories), End-user Vertical (Industrial Electronics, Aerospace & Defense, Consumer Electronics, Communications, Automotive, Medical, and other end-user verticals), Country (United Kingdom, Germany, France, Italy, Spain, and rest of Europe). The report offers market forecasts and size in volume (million units) and value (USD million) for all the above segments.
By Category | |
Standard Multilayer PCBs | |
Rigid 1-2-sided PCBs | |
HDI/Micro-via/Build-up | |
Flexible PCBs | |
Rigid Flex PCBs | |
Other Categories |
By End-user Vertical | |
Industrial Electronics | |
Aerospace and Defense | |
Consumer Electronics | |
Communications | |
Automotive | |
Medical | |
Other End-user Verticals |
By Country | |
United Kingdom | |
Germany | |
France | |
Italy | |
Spain | |
Rest of Europe |
Europe PCB Market Size Summary
The European Printed Circuit Board (PCB) market is poised for steady growth, driven by the increasing adoption of PCBs in connected vehicles and the miniaturization of electronic components. This trend has facilitated the development of smaller, portable, and high-processing-capacity devices, which are becoming more integrated into everyday items like clothing and bags. The market is also witnessing significant investments in technological advancements and capacity expansions, with companies like Unimicron Germany enhancing their production capabilities to maintain technological leadership. The demand for flexible and flex-rigid PCBs is on the rise, fueled by the growing need for wearable electronics, flexible displays, and medical applications. These developments are further supported by government initiatives, such as France's Electronic Patient Environment, which aims to improve digital service accessibility in healthcare.
Germany plays a pivotal role in the European PCB market, particularly in the automotive sector, where semiconductor companies are investing in innovations for autonomous vehicles. The region's market is bolstered by favorable government policies and the presence of key suppliers to international players. The increasing registration of electric vehicles and the establishment of Tesla's European factory in Germany are expected to further drive PCB demand, as these boards are essential components in electric vehicles. The market is characterized by a high level of fragmentation, with major players like Jabil Inc., Aspocomp Group PLC, and Wurth Elektronik Group actively engaging in partnerships, mergers, and acquisitions to enhance their offerings and secure a competitive edge.
Europe PCB Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products and Services
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1.2.5 Degree of Competition
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1.3 Industry Value Chain Analysis
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1.3.1 Typical PCB Manufacturing Workflow
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Category
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2.1.1 Standard Multilayer PCBs
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2.1.2 Rigid 1-2-sided PCBs
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2.1.3 HDI/Micro-via/Build-up
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2.1.4 Flexible PCBs
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2.1.5 Rigid Flex PCBs
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2.1.6 Other Categories
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2.2 By End-user Vertical
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2.2.1 Industrial Electronics
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2.2.2 Aerospace and Defense
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2.2.3 Consumer Electronics
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2.2.4 Communications
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2.2.5 Automotive
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2.2.6 Medical
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2.2.7 Other End-user Verticals
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2.3 By Country
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2.3.1 United Kingdom
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2.3.2 Germany
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2.3.3 France
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2.3.4 Italy
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2.3.5 Spain
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2.3.6 Rest of Europe
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Europe PCB Market Size FAQs
How big is the Europe PCB Market?
The Europe PCB Market size is expected to reach USD 2.60 billion in 2024 and grow at a CAGR of 2.80% to reach USD 2.99 billion by 2029.
What is the current Europe PCB Market size?
In 2024, the Europe PCB Market size is expected to reach USD 2.60 billion.