Global Assembled PCB repairs Market Size (2022 – 2030)

In  2022, the Global Assembled PCB Repair Market was valued at USD 2.56 billion and is projected to reach a market size of USD 11 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 20%. 

Industry Overview

Printed circuit boards (PCBs) are copper-laminated, non-conductive boards that make it possible to connect electronic and electrical components wirelessly. Epoxy, fiberglass, and other composite materials are used to make these boards, which reduces the complexity of the overall circuit design. PCBs are used in a wide range of electronic items, from industrial and high-tech goods to consumer electronics like PCs, tablets, cell phones, and gaming consoles. Due to increased government initiatives and investments in digitization over the past few years, PCB demand in India has steadily increased.

The development of technology has led to an ongoing increase in the complexity of PC boards. They can still be restored and put to service despite the serious damage they have sustained. Many PC boards are expensive and need to be modified. Because just-in-time manufacturing and strictly regulated production runs offer little space for the shortfall, less expensive assemblies also require repair. Compared to current PC boards, which feature fine pitch components, ball grid arrays, and fine line circuits, old PC boards were simpler and repairs were relatively simple. The creation of green PCBs, the downsizing of printed circuit boards, and the rise in demand for high-speed data and signal transmission are all new trends that have an immediate impact on the PCB industry's dynamics.

Impact of Covid-19 on the industry

The coronavirus disease has had a significant impact on every industry in the world. However, although some industries have completely disappeared, others have experienced significant growth. One such area that has seen both the good and bad effects of COVID-19 is the electronics sector, which includes printed circuit boards. There are several fresh opportunities and difficulties. In this article, the potential and difficulties brought about by COVID-19 for the PCB business are analysed.

Market Drivers

The rising adoption of smartphones will drive the market growth

One of the key factors fuelling the growth of the PCB market is the increasing popularity of smartphones. Due to the availability of low-cost smartphones and rising global Internet penetration, the use of smartphones is anticipated to increase quickly on a global scale. Because of their large populations and higher levels of disposable income, emerging economies like China and India are becoming the main markets for smartphones. The demand for PCB integration will therefore be further fuelled by rising smartphone shipment rates. Additionally, other elements including the rising demand for IoT devices are anticipated to have a beneficial impact on the industry in the years to come.

The lower cost of PCB will drive the market growth

Since computerized systems are used to construct most PCBs, you can save the layout of the schematic design and utilize it as needed repeatedly. As a result, you may produce multiple batches of identical PCBs simultaneously and save time and money.

Market Restraints

Concern over environmental effects will challenge the market growth

However, considerations like PCB environmental concerns will hinder market expansion. Due to their toxic makeup and difficulty in disposal, PCBs have the potential to harm the environment. Even the disposal of PCBs is a difficult operation because all the components must be taken apart. Additionally, additional factors include the ongoing slowdown in the global car industry and shifting market dynamics as a result of the US-China trade war would negatively impact market growth over the coming several years.

ASSEMBLED PCB REPAIRS MARKET REPORT COVERAGE:

This research report on the global assembled PCB repairs market has been segmented and sub-segmented based on End-User Geography & region.

Global Assembled PCB Repairs Market- By End-User

• IT & Telecommunication
• Consumer Electronics
• Industrial Electronics
• Automotive
• Aerospace & defence
• Others

Based on End-User, the global assembled PCB repairs are segmented into IT Due to favorable market trends in mobile broadband and big data management, the communication network infrastructure category will hold the greatest PCB market share in terms of end users over the projection period. With 93 % of the market's growth estimated to occur in APAC throughout the projected period, it will be the leading region.

Global Assembled PCB Repairs Market- By Geography & Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

The biggest revenue generators and PCB repair markets in APAC were China, Taiwan, South Korea, and Japan. The region's growth will be attributed to the increasing demand for electronics in the automotive, aerospace, electronics, and electrical industries as well as the rising disposable incomes of consumers in China and India.

Global Assembled PCB Repairs Market- By Companies

1. China Circuit Technology (Shantou) Corp.
2. Compeq Manufacturing Co. Ltd.
3. Ibiden Co. Ltd.
4. Korea Zinc Co. Ltd.
5. NOK Corp.
6. Samsung Electro-Mechanics Co. Ltd.
7. Sumitomo Electric Industries Ltd.
8. TTM Technologies Inc.
9. Unimicron Technology Corp.
10. Zhen Ding Technology Holding Ltd.

NOTABLE HAPPENINGS IN THE GLOBAL ASSEMBLED PCB REPAIRS MARKET IN THE RECENT PAST:

• Product Launch: - In 2020, For the Japanese and Indian markets, Panasonic intended to introduce many new linked home appliances.
• Product Launch: - In 2020, Leading makers of consumer electronics, LG and Samsung, had previously announced the introduction of mini-LED TVs for both residential and commercial use.
• Government Investment: - In 2020, The Indian government had intended to launch a brand-new program to encourage domestic producers of electronics to boost demand for the electronics sector.