Asia Pacific Motherboard Market Size

APAC Motherboard Market Analysis

Asia Pacific Motherboard Market is expected to register a CAGR of around 14.8% over the forecast period (2022 - 2027). A substantial increase in consumer electronics, especially in emerging economies of the Asian-Pacific region due to government initiatives such as Make in India and Digital India, is driving the market demand.

• The Asia-Pacific region is expected to exhibit significant growth in the market during the forecast period. The increasing smartphone adoption rates have made Asia-Pacific one of the largest mobile markets globally. This is due to increasing population growth and urbanization. As per the GSM Association, more than four out of five connections may be smartphones by 2025. This trend is expected to increase motherboard usage in this region.
• The deployment of IoT technologies across various industries is increasing because of their rapid growth and encouraging motherboard manufacturers to innovate and introduce multiple changes to meet their clients' demands. From smartphones and fitness trackers to smart factory equipment, managing space on mobile devices is of high importance. Manufacturers in the region are focusing on miniaturization to place more hardware within limited space.
• Moreover, countries such as India are becoming a hotspot for electronics device manufacturing with the various initiative from the government paving significant growth for the motherboard market. According to the latest report by mobile devices industry body ICEA, India can export motherboards, technically called printed circuit board assembly(PCBA), worth up to USD 109 billion between 2021-26. Additionally, according to the latest report released on February 2021 by IT hardware makers body MAIT, domestic demand for electronic motherboards is expected to grow by over six-fold to USD 81.5 billion by 2025-26 in India.
• However, the shortage of semiconductors has negatively impacted the production of motherboards. In addition, the cost of a motherboard is also increasing with advanced technologies. Therefore the degree of input differentiation is witnessed to be high in the market studied.
• Further, the spread of COVID-19 pandemic complicated the manufacturing process as many of the manufacturers had to adapt to changes for product assembly, prototype development, and risk assessment in sensitive workflows. However, industries like medical electronics, defense/government electronics, and aerospace electronics were less affected as the industries were hardly dependent on china for the supply of motherboards. Overall the market is set to witness huge growth dusring the forecast period.