Europe Printed Circuit Board Market Research Report, 2030
- Actual Market Research
- 10-03-2025
- Pages : 107
- Figures : 14
- Tables : 31
- Region : Europe
- Category : IT & Telecommunications
- Data Storage & Management
The European PCB market will add over USD 5B by 2030, fueled by technological advancements.
Printed Circuit Board Market Analysis
The global market for printed circuit boards (PCBs) has witnessed significant growth, with Europe playing a vital role due to its established industries and technological expertise. As a critical component in electronics, PCBs provide a foundation for integrating electrical components and facilitating signal transmission. PCBs are flat boards made of insulating material, typically fiberglass or plastic, with conductive pathways etched into the surface to connect various electronic components. The inception of PCBs dates back to the early 20th century, when they were first introduced in the 1940s for military applications and gradually expanded to civilian use. The primary purpose of a PCB is to physically support and electrically connect different electronic parts such as capacitors, resistors, and microchips, allowing for efficient signal flow and device functionality. These boards are essential across many industries, ranging from consumer electronics to automotive, aerospace, telecommunications, medical devices, and industrial machinery. Their design involves layers of materials like copper, which are laminated and etched to create conductive traces, often with components soldered onto these traces for electrical interconnections. The major applications of PCBs include smartphones, computers, medical equipment, and automotive electronics, where reliability and miniaturization are crucial. The advantages of using PCBs include compactness, high precision, and low-cost manufacturing in high volumes. These benefits arise from their ability to reduce wiring complexity and space requirements, enhance performance, and improve manufacturing speed. Furthermore, PCBs offer the ability to integrate multiple functionalities onto a single board, which results in enhanced durability and lower power consumption. Technically, the design and manufacturing of PCBs require careful attention to parameters such as signal integrity, thermal management, and electrical performance, which are critical for ensuring product reliability. Regulatory bodies in Europe impose strict standards such as RoHS (Restriction of Hazardous Substances) and WEEE (Waste Electrical and Electronic Equipment) that govern the materials used in the production and disposal of PCBs to ensure environmental safety. Compliance with these regulations is crucial for manufacturers to maintain market access and avoid legal penalties, driving the demand for eco-friendly production methods. These regulations also influence the design, material selection, and recycling processes of PCBs. According to the research report, "Europe Printed Circuit Board Market Research Report, 2029," published by Actual Market Research, the Europe Printed Circuit Board market is anticipated to add to more than USD 5 Billion by 2025–30. The expansion of this sector is attributed to a rise in demand for advanced electronics across industries such as automotive, telecommunications, and healthcare. While the COVID-19 pandemic temporarily disrupted supply chains, it also accelerated the shift towards digitalization, increasing the need for high-performance PCBs. Major players such as Siemens, AT&S, and TTM Technologies hold significant market shares, with their cutting-edge technologies and comprehensive product offerings. These companies dominate by leveraging innovation, large-scale production capabilities, and global distribution networks. New entrants can tap into opportunities arising from the growing adoption of IoT devices, electric vehicles, and 5G technology, where PCBs play a crucial role in enabling efficient connectivity and miniaturization. These emerging applications present avenues for smaller firms to collaborate or innovate within the value chain, with established players providing critical expertise in design, production, and testing. The supply chain remains complex, with raw materials like copper, glass, and plastics sourced globally, impacting production costs and availability. Efficient packaging solutions for PCBs are also critical in ensuring that electronic components are protected during shipment and use, as well as meeting stringent environmental regulations. Streamlined logistics and packaging are essential to mitigate risks, such as damage and delays, while enhancing the sustainability of the industry. Furthermore, European PCB manufacturers increasingly focus on high-reliability markets, which require strict quality control and precise production standards. With the ongoing digital transformation, the demand for advanced and flexible circuit solutions continues to grow, allowing new market entrants to benefit from collaboration opportunities, advanced manufacturing processes, and a well-established infrastructure.
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Market Drivers • Increasing Demand for Consumer Electronics: The surge in consumer electronics, including smartphones, tablets, and laptops, has significantly boosted the demand for PCBs. These devices require advanced PCBs to support their complex functionalities and compact designs. • Advancements in Automotive Technology: The automotive industry's shift towards electric vehicles (EVs) and autonomous driving technologies has escalated the need for sophisticated PCBs. These vehicles rely on high-performance PCBs for power management, battery systems, and advanced infotainment systems. Market Challenges • Fluctuating Raw Material Prices: The volatility in prices of essential raw materials like copper and laminate poses a significant challenge. Such fluctuations can impact production costs and profitability for PCB manufacturers. • Complexity Due to Miniaturization: The continuous trend towards miniaturization in electronic devices has introduced complexities in PCB manufacturing. Designing and assembling smaller, more powerful components on compact boards require advanced technologies and precision, increasing production challenges. Market Trends • Adoption of Flexible and Flex-Rigid PCBs: There is a growing trend towards the use of flexible and flex-rigid PCBs, especially in applications like wearable electronics, flexible displays, and medical devices. This shift is driven by the demand for lightweight, durable, and space-saving solutions. • Integration of High-Density Interconnects (HDIs): The integration of HDIs is becoming more prevalent, enabling the production of compact and high-performance PCBs. This trend supports the development of advanced electronic devices that require high-speed data transmission and miniaturized designs.
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Printed Circuit Board Segmentation
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Russia |
Multi-layered PCBs dominate the European printed circuit board market primarily due to their ability to meet the growing demand for compact, high-performance electronic devices. These boards are integral to the production of advanced electronic products across several industries, especially those that require high-density interconnects and minimized space usage. As technology continues to advance, the need for smaller and more efficient electronic components has skyrocketed. Multi-layer PCBs address this requirement by stacking multiple layers of conductive traces and components, effectively increasing the functionality and performance within the same limited physical space. This makes them ideal for devices in sectors such as telecommunications, automotive, medical, and consumer electronics, where space and performance are crucial. The complexity and versatility of multi-layered PCBs allow them to support sophisticated applications like 5G, IoT, electric vehicles, and high-end computing systems, where signal integrity and thermal management are essential. Their design incorporates several layers of conductive pathways, which helps in reducing the number of connections and wiring needed, optimizing the layout, and improving the overall efficiency and reliability of the electronic systems. Furthermore, advancements in PCB manufacturing techniques have enabled the production of these multi-layer boards at scale, making them more cost-effective and accessible to a wider range of applications. As a result, industries continue to adopt multi-layer PCBs to meet the demands for higher density, more advanced functionalities, and improved overall performance, cementing their position as the largest segment in the European PCB market. The automotive industry is the fastest-growing end-user of printed circuit boards in Europe due to the increasing integration of advanced electronics in vehicles, particularly with the rise of electric and autonomous vehicles. The growing demand for smarter and more efficient vehicles has led to a surge in the use of PCBs, which are crucial for supporting technologies such as advanced driver-assistance systems (ADAS), infotainment systems, electric powertrains, and battery management. As the automotive sector transitions towards electric vehicles (EVs), there is a greater need for high-performance PCBs that can handle complex electronic functions while maintaining reliability and efficiency. These boards are essential for the operation of various components such as sensors, power distribution units, and control units, which are fundamental to the functioning of EVs. Additionally, the increasing reliance on automation, connectivity, and real-time data processing in modern vehicles requires PCBs that can support high-speed communication, high-density interconnects, and thermal management in compact spaces. The automotive industry's push for sustainability also drives the need for durable, energy-efficient, and lightweight electronic solutions, which multi-layer and flexible PCBs can provide. As automotive manufacturers strive to develop safer, more environmentally friendly, and technologically advanced vehicles, they are turning to PCBs for solutions that can integrate these innovations while maintaining high standards of performance. The shift toward electric and autonomous vehicles, combined with the increasing complexity of automotive electronics, has made the automotive sector the fastest-growing end-user of printed circuit boards in Europe, reflecting the vital role that PCBs play in shaping the future of mobility. Rigid-flex PCBs are the fastest-growing substrate type in the European printed circuit board industry due to their ability to combine the benefits of both rigid and flexible designs, meeting the demands for compact, reliable, and high-performance electronic solutions in a variety of applications. The increasing trend towards miniaturization and the need for more durable, lightweight, and space-efficient electronics in industries such as automotive, aerospace, telecommunications, and medical devices has propelled the adoption of rigid-flex boards. These substrates offer the flexibility to fit into tight spaces while maintaining the structural integrity required for more robust applications. By integrating rigid and flexible elements into a single board, rigid-flex PCBs reduce the number of interconnections, which simplifies the design and enhances the overall reliability of the product. This makes them ideal for applications that require both flexibility for complex shapes and the stability of rigid boards to support heavier components. With the rise of wearable devices, IoT products, and high-tech automotive systems, the need for components that can withstand mechanical stresses while providing electrical connectivity in confined spaces is greater than ever. Rigid-flex PCBs also support higher-density interconnects, which is crucial for modern electronic devices that require fast data transmission and smaller form factors. As European industries push for more advanced, reliable, and compact electronic solutions, rigid-flex PCBs offer a versatile substrate that meets these challenges while providing enhanced performance, contributing to their rapid growth within the market.
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Printed Circuit Board Market Regional Insights
Germany is leading the European printed circuit board industry due to its strong industrial base, technological expertise, and innovation-driven economy that supports advanced PCB manufacturing. The country’s well-established automotive, telecommunications, and industrial sectors demand high-quality, high-performance PCBs, which has fueled the growth of local PCB manufacturers. With a focus on precision engineering and state-of-the-art technology, Germany has become a hub for producing advanced PCBs that meet the rigorous requirements of industries like automotive, aerospace, and consumer electronics. The country's commitment to research and development enables continuous advancements in PCB technology, such as the adoption of more efficient materials, multi-layered designs, and high-density interconnects, which are critical for modern electronics. Germany’s position as a leader in the automotive industry further contributes to its dominance, as the shift toward electric vehicles, autonomous driving, and smart systems has increased the demand for sophisticated PCB solutions. The country also benefits from a robust supply chain and infrastructure, which ensures timely access to raw materials and efficient distribution channels. Moreover, Germany’s strict adherence to environmental and quality standards, such as RoHS compliance, has made it a preferred location for manufacturers seeking reliable and sustainable PCB production. The combination of strong industrial demand, technological capabilities, and a supportive regulatory environment has solidified Germany’s role as the leader in Europe’s PCB industry, setting the standard for innovation and precision in electronic manufacturing.
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Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Printed Circuit Board (PCB) Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Type
- 5.4. Market Size and Forecast, By End-user Industry
- 5.5. Market Size and Forecast, By Substrate
- 5.6. Market Size and Forecast, By Material Type
- 6. Market Dynamics
- 6.1. Market Drivers & Opportunities
- 6.2. Market Restraints & Challenges
- 6.3. Market Trends
- 6.3.1. XXXX
- 6.3.2. XXXX
- 6.3.3. XXXX
- 6.3.4. XXXX
- 6.3.5. XXXX
- 6.4. Supply chain Analysis
- 6.5. Policy & Regulatory Framework
- 6.6. Industry Experts Views
- 7. Europe Printed Circuit Board (PCB) Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Type
- 7.4. Market Size and Forecast, By End-user Industry
- 7.5. Market Size and Forecast, By Substrate
- 7.6. Germany Printed Circuit Board (PCB) Market Outlook
- 7.6.1. Market Size by Value
- 7.6.2. Market Size and Forecast By Type
- 7.6.3. Market Size and Forecast By End-user Industry
- 7.6.4. Market Size and Forecast By Substrate
- 7.7. United Kingdom (UK) Printed Circuit Board (PCB) Market Outlook
- 7.7.1. Market Size by Value
- 7.7.2. Market Size and Forecast By Type
- 7.7.3. Market Size and Forecast By End-user Industry
- 7.7.4. Market Size and Forecast By Substrate
- 7.8. France Printed Circuit Board (PCB) Market Outlook
- 7.8.1. Market Size by Value
- 7.8.2. Market Size and Forecast By Type
- 7.8.3. Market Size and Forecast By End-user Industry
- 7.8.4. Market Size and Forecast By Substrate
- 7.9. Italy Printed Circuit Board (PCB) Market Outlook
- 7.9.1. Market Size by Value
- 7.9.2. Market Size and Forecast By Type
- 7.9.3. Market Size and Forecast By End-user Industry
- 7.9.4. Market Size and Forecast By Substrate
- 7.10. Spain Printed Circuit Board (PCB) Market Outlook
- 7.10.1. Market Size by Value
- 7.10.2. Market Size and Forecast By Type
- 7.10.3. Market Size and Forecast By End-user Industry
- 7.10.4. Market Size and Forecast By Substrate
- 7.11. Russia Printed Circuit Board (PCB) Market Outlook
- 7.11.1. Market Size by Value
- 7.11.2. Market Size and Forecast By Type
- 7.11.3. Market Size and Forecast By End-user Industry
- 7.11.4. Market Size and Forecast By Substrate
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. The Würth Group (Wü'rth)
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. TTM Technologies, Inc.
- 8.5.3. Jabil Inc.
- 8.5.4. Sumitomo Electric Industries, Ltd
- 8.5.5. AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- 8.5.6. Asteelflash Group
- 8.5.7. Ellington Electronics Technology Group
- 8.5.8. Flex Ltd.
- 8.5.9. NOK Corporation
- 8.5.10. Sanmina Corporation
- 8.5.11. Benchmark Electronics, Inc.
- 8.5.12. Cadence Design Systems, Inc.
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Printed Circuit Board (PCB) Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 6: Global Printed Circuit Board (PCB) Market Size and Forecast, By End-user Industry (2019 to 2030F) (In USD Billion)
Table 7: Global Printed Circuit Board (PCB) Market Size and Forecast, By Substrate (2019 to 2030F) (In USD Billion)
Table 8: Global Printed Circuit Board (PCB) Market Size and Forecast, By Material Type (2019 to 2030F) (In USD Billion)
Table 9: Influencing Factors for Printed Circuit Board (PCB) Market, 2024
Table 10: Europe Printed Circuit Board (PCB) Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 11: Europe Printed Circuit Board (PCB) Market Size and Forecast, By End-user Industry (2019 to 2030F) (In USD Billion)
Table 12: Europe Printed Circuit Board (PCB) Market Size and Forecast, By Substrate (2019 to 2030F) (In USD Billion)
Table 13: Germany Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 14: Germany Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 15: Germany Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 16: United Kingdom (UK) Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 17: United Kingdom (UK) Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 18: United Kingdom (UK) Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 19: France Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 20: France Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 21: France Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 22: Italy Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 23: Italy Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 24: Italy Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 25: Spain Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 26: Spain Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 27: Spain Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 28: Russia Printed Circuit Board (PCB) Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 29: Russia Printed Circuit Board (PCB) Market Size and Forecast By End-user Industry (2019 to 2030F) (In USD Billion)
Table 30: Russia Printed Circuit Board (PCB) Market Size and Forecast By Substrate (2019 to 2030F) (In USD Billion)
Table 31: Competitive Dashboard of top 5 players, 2024
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Printed Circuit Board (PCB) Market Share By Region (2024)
Figure 6: Europe Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: Europe Printed Circuit Board (PCB) Market Share By Country (2024)
Figure 8: Germany Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: United Kingdom (UK) Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: France Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Italy Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 12: Spain Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 13: Russia Printed Circuit Board (PCB) Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 14: Porter's Five Forces of Global Printed Circuit Board (PCB) Market
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