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Research Outline
Prepared for Gerard D. | Delivered September 23, 2019
PCB Market & EMS Market
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Goals
In order to help prepare for a meeting, provide an overview of the printed circuit board (PCB) manufacturing industry and the electronics manufacturing services industry, including market size, growth, future trends, and opportunities/threats.
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Early Findings
Global Printed Circuit Board Market
The global printed circuit board market was valued at
$60.42 billion in 2017
.
The market was predicted to grow at a CAGR of
4.2%
from 2018-2024.
By 2024, the market is expected to reach
$89.7 billion
.
The market is growing due to the "
rising adoption
of automation in various end-user industries, growing demand for wireless devices, increasing miniaturization of devices, surging need for more efficient interconnect solutions, and rapid growth in flexible circuits."
Current
challenges
in this industry include the environmentally unfriendly manufacturing process and challenges with recycling of printed circuit boards, which is lowing the adoption rate.
The industry is concentrated in the
Asia-Pacific
, which accounts for about 77% of the market, followed by North America.
In terms of end use, the
communication segment
is seeing the fastest growth, due to "increasing adoption of digital devices such as mobiles, networking equipment, power distribution system, and amplifiers routers".
Automotive
end use products are also seeing growth.
Opportunities
exist in the PCB market in the following industries: computer/peripherals, communications, consumer electronics, industrial, automotive, and military/aerospace.
Key players
in the market include AT&S; Nippon
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, Ltd.;
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Corp.; Samsung
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.; Dynamic Electronics Co., Ltd.;
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Electronics Co., Ltd.; CMK Corporation; Nan Ya PCB Co., Ltd.; TTM Technologies;
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Kinwong Electronic Co., Ltd.; among others.
Electronic Manufacturing Services (EMS) Market
The global EMS market was valued at
$1.1 billion in 2016
, with a CAGR of 5%.
The growth is mostly fueled by the
increasing demand for electronic automotive parts
and communication systems (smartphones, wireless speakers and smart home devices).
The market is concentrated in the
Asia Pacific
, which supplies the rest of the world.
There are
opportunities
in the market for vendors that focus on quality, rather than quantity, and apply rigorous tests to their products before shipment.
Challenges
in the industry include slim margins, fluctuations in material prices and labor costs, and strong competition. Vendors struggle to enter the market due to the large volumes required for profitable production and massive capital expenses.
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