European Printed Circuit Board Market - Forecast(2021 - 2026)

 

European Printed Circuit Board Market Overview

European Printed Circuit Board market is analyzed to grow at a CAGR of 2.02% during the forecast period 2021-2026 to reach $17952.02 million. A printed circuit board or PCB is generally used for electrically connecting various electronic components be it capacitors, resistors, diodes and so on, and is considered to be the building block for modern electronic devices. Deployment of PCBs had proved essential in serving demanding application areas for various end-use industries be it consumer electronics, healthcare, automotive, and so on. Increasing shift towards supporting electric vehicles growth across European countries along with leveraging advanced technologies like AI or IoT have been considered as some of the prominent drivers for the growth of European Printed Circuit Board market. Moreover, rise of healthcare investments, growing consumption of consumer electronic products and many others are further analyzed to propel the need for PCBs in the long run.


European Printed Circuit Board Market Report Coverage

The report: “European Printed Circuit Board Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the European Printed Circuit Board industry. 
By Board Type: Rigid 1-2 Sided, Standard Multilayer, HDI/Microvia/Build-up, IC Substrate, Flexible Circuits, Rigid Flex, Others
By Materials Used: Copper, Tin, Nickel, Iron, Lead, Aluminum, Zinc, Silver, Gold, Palladium, Bismuth, Chromium, Others
By Components: Capacitors, Diodes, Integrated Circuits, Resistors, Others
By End Users: Aerospace & Defense, Automotive, Industrial Electronics, Consumer Electronics, Maritime Transport, Healthcare & Pharmaceutical
By Country: Nordics, U.K, Germany, France, Italy, Spain, Benelux, Switzerland, Austria, Others.

Key Takeaways

  • Growing shift towards electric vehicles in Europe along with technological advancements like AI and IoT is analyzed to significantly drive the European Printed Circuit Board market during the forecast period 2021-2026.
  • Industrial Electronics had accounted for the largest market share in 2020, attributed to the factors including growing demand for industrial robots, shift towards industrial automation and so on.
  • Presence of some of the key market players such as Schweizer Electronik AG, Wurth Electronik GmbH & Co. KG and many others have helped in boosting the market growth of PCBs in Germany.
European Printed Circuit Board Market, By End User, 2020

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European Printed Circuit Board Market Segment Analysis- By Components 

By components, European Printed Circuit Board market is segmented under Capacitors, Diodes, Integrated Circuits, Resistors and Others. Integrated Circuits had dominated the European Printed Circuit Board market with $2260 million in 2020, analyzed to grow significantly with a CAGR of 2.75% during the forecast period 2021-2026. Integrated circuits (IC) can be referred as an assembly of electronic components like resistors, capacitors, transistors and so on in miniature form fabricated upon a semiconductor substrate. Owing to its high efficiency and reliability, devices ranging from computer, cell phones, televisions, digital watches and many others have been highly utilizing the small-sized ICs within PCB boards. Factors such as rising penetration of smartphones, growing demand towards portable wireless devices as well as investments towards electric vehicles and so on can be considered as some of the vital factors impacting the need for integrated circuits across the European PCB market. Various leading companies including Ford, Volkswagen, Porsche and many others have continued their investments towards supporting the development of electric automotives within the European countries, which are bound to propel the need for integrated circuits in the long run. 

European Printed Circuit Board Market Segment Analysis- By End Users

By End Users, the European Printed Circuit Board market is segmented under automotive, consumer electronics, industrial electronics, healthcare & pharmaceutical, aerospace & defense as well as maritime transport. Industrial Electronics had dominated the European Printed Circuit Board market with $6564.48 million in 2020, and is analyzed to grow with the highest CAGR of 2.78% during the forecast period 2021-2026. Printed circuit boards or PCBs serve as an integral part of high-powered industrial applications including transformers, digital meters, wireless communication devices, power monitoring, visual signaling devices and many others. Due to installation of various electronic components within PCBs, they are capable of controlling as well as operating a number of mechanisms or processes be it packaging, transportation, and so on across different industry verticals like process industries, chemicals and many others. In addition, PCBs have gained wide popularity across industrial applications due to being unaffected from vibrating machinery, exposure to harmful chemicals or substances, and so on while helping the manufacturers to optimize plant operational efficiency with increasing industrial automation. According to International Federation Robotics, the European operational stock for industrial robots had reached 580,000 units in 2019, showing an increase of 7% from previous year, with Germany, Italy, France and U.K being the top contributors. This shows growing adoption of industrial robots in order to increase automation across various industries within European countries, thereby affecting the demand for PCBs. 

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