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PCB & CM Markets will Continue to Grow
December 31, 1969 |Estimated reading time: 1 minute
OYSTER BAY, N.Y. - Shipments of printed circuit boards (PCB) will rise throughout the world during the next five years, and contract manufacturers (CM) will continue to see demand for their services climb, according to a new study from Allied Business Intelligence (ABI). Also, CMs are increasingly entering the PCB marketplace to close the gap between manufacturing and design.
The PCB industry has been in a state of flux, with offshore growth outpacing domestic expansion. "Domestic PCB producers will be hard-pressed to remain competitive with their overseas counterparts," said ABI senior analyst Bill Britton.
Global shipments of PCBs will continue to grow at a modest annual rate of 5.5 percent during the next five years, according to the study. However, U.S. annual growth will slow to 2 to 3 percent over this period. Offshore fabricators, particularly in Japan, will take advantage of their lead in substrate and microvia technology by supplying OEMs producing next-generation products.
The world PCB market stood at $35 billion in 1999 and will reach $49 billion by 2005. Today, PCB production is dominated by the United States and Japan, with a combined 54 percent of the total market. By 2005, the study predicts, the U.S. share will slip to 22 percent, Japan will have 32 percent, and the rest of Asia will capture 26 percent of the market.
As for CMs, they will see annual world growth of 15 to 20 percent through 2005, according to the study. Out of an estimated $93 billion world market in 1999, the United States generated $29 billion. By 2005, it is likely that the world market will exceed $236 billion; in the United States, assembly services will be valued at $69 billion.
The ABI study, "Printed Circuit Board and Contract Assembly Markets to 2005 - U.S. and World Markets," breaks down the marketplace by region and provides forecasts for major producing companies. For more information, visit www.alliedworld.com.