Summary

Triton’s research report estimates that the Latin America printed circuit board market is expected to garner revenue at a CAGR of 4.78% during the forecast years 2024-2032.
The printed circuit board market in Latin America is experiencing growth driven by a combination of regional industrialization, technological adoption, and the expanding presence of global electronics manufacturers. The rise of digital technologies like 5G, IoT, and renewable energy solutions is further pushing the need for more customized PCBs, thereby propelling the market growth. Amidst the supply chain uncertainties, government policies aimed at fostering innovation and supporting domestic production, alongside a growing pool of skilled engineers and technicians, are also contributing to the expansion of the PCB market in this region.
The countries studied in this region include Brazil, Mexico, and Latin America.
Brazil captured the highest share in the printed circuit board market, obtaining about $0.18 billion in 2023.
● By 2025, ITA states that Brazil is expected to be among the top five global smartphone markets, with around 200 million connections. The Brazilian government is advancing its Digital Transformation Strategy through various national strategies, including the National IoT, National Cybersecurity, and AI Strategies, to enhance productivity and competitiveness.
● The country’s new National Semiconductor Plan is also designed to boost the semiconductor industry and integrate Brazil into the global semiconductor supply chain. This initiative is likely to strengthen the existing IT industry and attract new investors to Brazil.
● These developments will increase the demand for printed circuit boards as they are crucial in the production of semiconductor devices, which in turn will expand the reviewed market.
Printed Circuit Board Market Forecast for Mexico
Jalisco, housing 70% of Mexico’s semiconductor companies, has established itself as a sector leader. As reported by news reports in April 2024, AI development companies within the US are planning to relocate AI hardware production to Mexico. The country’s strategic location and growing technological capabilities position it as a key partner for the future of supporting the broader growth of the semiconductor manufacturing and electronics industries in this region. PCBs are essential platforms that electrically connect semiconductors, like microprocessors and memory chips, to other components in electronic devices, which thereby increases the demand for printed circuit boards in Mexico.
The printed circuit board market is segmented based on raw material, application, and substrate. The substrate segment is further branched into high-density interconnect (HDI), standard multilayer, rigid 1-2 sided, flexible circuits, rigid flex, and integrated circuit (IC). Rigid-flex printed circuit boards connect rigid boards without the need for connectors or cables, resulting in better signal transmission. These applications also provide enhanced reliability, with MTBF (Mean Time Between Failures) rates typically exceeding those of standard PCB setups with separate wires and connectors.
Contender Analysis in the Printed Circuit Board Market:
Daeduck Electronics is engaged in the manufacturing and distribution of printed circuit boards. The company offers high-density interconnects (HDIs), high-speed boards, network boards, and package substrates. Its package substrate offers memory cards, Sip, CSP, and flip chips. The company’s automotive PCB consists of press-fit technology, high-performance material, and high thermal conductivity. It operates in South Korea, the US and Canada and is headquartered in Siheung, South Korea.
Recently, it successfully developed a large-body FCBGA (Flip-chip Ball Grid Array) substrate designed for data centers and AI servers. This substrate utilizes the flip-chip method to connect semiconductor chips with package substrates, enhancing both electrical and thermal performance.

The key entities in the reviewed market are Hannstar Board Corporation, ISU Petasys, Nippon Mektron Ltd, Nan Ya PCB Corporation, OKI Printed Circuits Co Ltd, etc.

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Table of Contents

TABLE OF CONTENTS
1. LATIN AMERICA PRINTED CIRCUIT BOARD MARKET - SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT ANALYSIS ON THE PRINTED CIRCUIT BOARD MARKET
2.1.1. COVID-19 IMPACT ON THE PRINTED CIRCUIT BOARD MARKET
2.2. PORTER’S FIVE FORCES ANALYSIS
2.2.1. THREAT OF NEW ENTRANTS
2.2.2. THREAT OF SUBSTITUTES
2.2.3. BARGAINING POWER OF BUYERS
2.2.4. BARGAINING POWER OF SUPPLIERS
2.2.5. THREAT OF COMPETITIVE RIVALRY
2.3. SUPPLY CHAIN ANALYSIS
2.3.1. INDUSTRY COMPONENTS
2.3.2. RESIN & FIBER SUPPLIERS
2.3.3. LAMINATORS & MANUFACTURERS
2.3.4. DISTRIBUTORS AND RETAILERS
2.3.5. END-USERS
2.4. KEY BUYING IMPACT ANALYSIS
2.4.1. APPLICATION
2.4.2. RELIABILITY
2.4.3. COST
2.5. KEY MARKET STRATEGIES
2.5.1. PRODUCT LAUNCHES
2.5.2. ACQUISITIONS
2.5.3. BUSINESS DIVESTITURES & EXPANSIONS
2.6. MARKET DRIVERS
2.6.1. INCREASING DEMAND FOR SMART ELECTRONICS
2.6.2. EXPANDING APPLICATIONS OF SEMICONDUCTORS
2.6.3. GROWING UTILIZATION OF ELECTRONICS ACROSS VARIOUS SECTORS
2.6.4. SURGE IN INTERNET USAGE
2.7. MARKET CHALLENGES
2.7.1. COMPETITIVE PRESSURES RESULTING IN PRICE DECLINES
2.7.2. FLUCTUATIONS IN RAW MATERIAL COSTS
2.7.3. REGULATORY FRAMEWORKS ADDRESSING E-WASTE MANAGEMENT
2.8. MARKET OPPORTUNITIES
2.8.1. GROWTH OPPORTUNITIES PRESENTED BY IOT-ENABLED INTERCONNECTED DEVICES
2.8.2. ESCALATING DEMAND IN EMERGING MARKETS
2.9. ANALYST PERSPECTIVE
3. LATIN AMERICA PRINTED CIRCUIT BOARD MARKET – BY RAW MATERIAL
3.1. EPOXY RESIN
3.2. GLASS FABRIC
3.3. PHENOLIC RESIN
3.4. KRAFT PAPER
3.5. OTHER RAW MATERIALS
4. LATIN AMERICA PRINTED CIRCUIT BOARD MARKET – BY SUBSTRATE
4.1. STANDARD MULTILAYER
4.2. FLEXIBLE CIRCUITS
4.3. HIGH-DENSITY INTERCONNECT (HDI)
4.4. INTEGRATED CIRCUIT (IC)
4.5. RIGID 1-2 SIDED
4.6. RIGID FLEX
5. LATIN AMERICA PRINTED CIRCUIT BOARD MARKET – BY APPLICATION
5.1. COMMUNICATIONS
5.2. CONSUMER ELECTRONICS
5.3. INDUSTRIAL ELECTRONICS
5.4. AUTOMOTIVE
5.5. MILITARY
5.6. OTHER APPLICATIONS
6. LATIN AMERICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1. LATIN AMERICA
6.1.1. COUNTRY ANALYSIS
6.1.1.1. BRAZIL
6.1.1.1.1. BRAZIL PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. MEXICO
6.1.1.2.1. MEXICO PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.3. REST OF LATIN AMERICA
6.1.1.3.1. REST OF LATIN AMERICA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
7. COMPETITIVE LANDSCAPE
7.1. AT&S (AUSTRIA TECHNOLOGIE & SYSTEMTECHNIK AKTIENGESELLSCHAFT)
7.1.1. OVERVIEW
7.1.2. PORTFOLIO
7.1.3. KEY STRENGTHS
7.1.4. KEY CHALLENGES
7.2. ASCENT CIRCUIT PVT LTD
7.2.1. OVERVIEW
7.2.2. PORTFOLIO
7.2.3. KEY STRENGTHS
7.2.4. KEY CHALLENGES
7.3. DAEDUCK ELECTRONICS
7.3.1. OVERVIEW
7.3.2. PORTFOLIO
7.3.3. KEY STRENGTHS
7.3.4. KEY CHALLENGES
7.4. COMPEQ MANUFACTURING CO LTD
7.4.1. OVERVIEW
7.4.2. PORTFOLIO
7.4.3. KEY STRENGTHS
7.4.4. KEY CHALLENGES
7.5. EPITOME COMPONENTS LTD
7.5.1. OVERVIEW
7.5.2. PORTFOLIO
7.5.3. KEY STRENGTHS
7.5.4. KEY CHALLENGES
7.6. IBIDEN INC
7.6.1. OVERVIEW
7.6.2. PORTFOLIO
7.6.3. KEY STRENGTHS
7.6.4. KEY CHALLENGES
7.7. HANNSTAR BOARD CORPORATION
7.7.1. OVERVIEW
7.7.2. PORTFOLIO
7.7.3. KEY STRENGTHS
7.7.4. KEY CHALLENGES
7.8. ISU PETASYS
7.8.1. OVERVIEW
7.8.2. PORTFOLIO
7.8.3. KEY STRENGTHS
7.8.4. KEY CHALLENGES
7.9. NIPPON MEKTRON LTD
7.9.1. OVERVIEW
7.9.2. PORTFOLIO
7.9.3. KEY STRENGTHS
7.9.4. KEY CHALLENGES
7.10. NAN YA PCB CORPORATION
7.10.1. OVERVIEW
7.10.2. PORTFOLIO
7.10.3. KEY STRENGTHS
7.10.4. KEY CHALLENGES
7.11. OKI PRINTED CIRCUITS CO LTD
7.11.1. OVERVIEW
7.11.2. PORTFOLIO
7.11.3. KEY STRENGTHS
7.11.4. KEY CHALLENGES
7.12. SAMSUNG ELECTRONICS CO LTD
7.12.1. OVERVIEW
7.12.2. PORTFOLIO
7.12.3. KEY STRENGTHS
7.12.4. KEY CHALLENGES
7.13. SHENNAN CIRCUITS CO LTD
7.13.1. OVERVIEW
7.13.2. PORTFOLIO
7.13.3. KEY STRENGTHS
7.13.4. KEY CHALLENGES
7.14. TRIPOD TECHNOLOGY CORPORATION
7.14.1. OVERVIEW
7.14.2. PORTFOLIO
7.14.3. KEY STRENGTHS
7.14.4. KEY CHALLENGES
7.15. UNIMICRON TECHNOLOGY CORPORATION
7.15.1. OVERVIEW
7.15.2. PORTFOLIO
7.15.3. KEY STRENGTHS
7.15.4. KEY CHALLENGES
7.16. TTM TECHNOLOGIES INC
7.16.1. OVERVIEW
7.16.2. PORTFOLIO
7.16.3. KEY STRENGTHS
7.16.4. KEY CHALLENGES
7.17. ZHEN DING TECHNOLOGY HOLDING LTD
7.17.1. OVERVIEW
7.17.2. PORTFOLIO
7.17.3. KEY STRENGTHS
7.17.4. KEY CHALLENGES
7.18. YOUNG POONG ELECTRONICS CO LTD
7.18.1. OVERVIEW
7.18.2. PORTFOLIO
7.18.3. KEY STRENGTHS
7.18.4. KEY CHALLENGES
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY

LIST OF TABLES
TABLE 1: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)
TABLE 2: LIST OF PRODUCT LAUNCHES
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 5: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2024-2032 (IN $ BILLION)
TABLE 6: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ BILLION)

LIST OF FIGURES

FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN %)
FIGURE 5: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 10: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI), 2024-2032 (IN $ BILLION)
FIGURE 14: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 15: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 18: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 21: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 22: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: LATIN AMERICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: BRAZIL PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: MEXICO PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 28: REST OF LATIN AMERICA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)