Global Printed Circuit Boards (PCBs) Industry

April 2021 •
441 pages •
Report ID: 5817751 •
Format: PDF

Summary
Table of contents

Abstract:
- A Black Swan Event for the Electronics Industry, COVID-19 Shaves Off US$4.8Billion from the PCBs Market
- The global market for Printed Circuit Boards (PCBs) is projected to reach a revised US$76billion by the year 2027afterwitnessing aUS$4.8 billion erosion in market value in the year 2020. With several of the end-use industries now caught in the financial storm raised by the COVID-19 pandemic, the market for printed circuit boards (PCBs) is expected to slump in the year 2020. Manufacturers of electronic products are facing dual challenges of production bottlenecks as a result of supply chain disruptions and inability to deliver on backlogged orders and weak new orders as a result of soft consumer demand. Electronics supply chain already in state of flux in the pre-pandemic period by the U.S. and China trade and tariff war has been pushed into crisis with little preparation at the start of the pandemic in January 2020. With most electronic raw material supply dependent on Southeast Asian countries and China, over 75% of companies witnessed shipment delays which in the month of April rose to 3 to 5 weeks. The overall velocity of the value chain to perform and fulfill orders has reduced significantly. In addition, the pandemic has disrupted supply chains causing massive damage for manufacturing companies reliant on China for supplies. These supply chain disruptions will step up the pressure to decouple from China. Rethinking supply chains will spur the movement of production out of China, including for electronics. Consumer electronics manufacturing, followed closely by automotive and industrial electronics remain the worst impacted. With companies cancelling and delaying modernization plans and with IT budgets slashed, industrial electronics is also feeling the pain of the general slowdown. With most electronic companies expected to witness decline in sales and profitability, the semiconductor industry also remains impacted and likely to face short-term financial hardships. The global market for PCBs against this backdrop is expected to decline by -8.1 in 2020.
- A rolling disaster, the pandemic has slowed down economic activity and has pushed the global economy into a steep recession. In addition to consumers, even governments are now facing rapidly depleting fiscal coffers. The financial ramifications for the world economy, is that over US$2 trillion is likely to be shaved off the global GDP as lost income. The asphyxiated economy has set into motion a cascading effect of a marked recession which is being felt by businesses and consumers alike. Global GDP is expected to dip into the red at -3% with the US economy shrinking by a shocking -5.9%. With roots in China, the world’s supply chains are facing unprecedented disruption & shutdown. Interwoven with a demand crisis, the supply chain shocks are exerting a compounded blow to manufacturing companies worldwide. Manufacturing PMI which started declining at the start of the pandemic shows no signs of improving with the recession now acting impeding early recovery. In the midst of this crisis, demand for industrial semiconductors, electronics and manufacturing automation technologies are taking a heavy blow as cash strapped companies struggle to cope.

- Select Competitors (Total 225 Featured) -

Jabil Inc.
Plexus Corp.
TTM Technologies, Inc.
Benchmark Electronics
Advanced Circuits
Murrietta Circuits
SigmaTron International, Inc.
AP Circuits
Compeq Manufacturing Co. Ltd.
Ibiden Co. Ltd.
Unimicron Technology Corp.
Tripod Technology Corp.
Zhen Ding Technology Holding Ltd.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager