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.
