Summary

Triton’s analysis estimated that the Middle East and Africa printed circuit board market is set to garner revenue at 4.07% CAGR over the forecast years 2024-2032.
The printed circuit board market in the Middle East and Africa region is set to experience promising growth in the coming years. PCBs are crucial components in electronic devices, providing essential electrical connections and mechanical support to electronic parts. Our research also predicts that the flexible electronics market in this region is expected to grow with 8.69% CAGR over the 2023-2030. This highlights the growing adoption of PCBs in the production of electric components amidst the increasing need for digitization, thereby leading to the rapid development of the PCB market. Moreover, there is a heightened focus on renewable energy and smart grid infrastructure in the MEA region, which is significantly boosting the demand for PCBs. As the region increasingly turns to solar, wind, and other renewable energy sources to diversify its energy mix and reduce reliance on fossil fuels, the need for PCBs in the production of electronic components for renewable energy systems is growing.
The countries examined in this region include the United Arab Emirates, Saudi Arabia, Turkey, South Africa, and Rest of Middle East & Africa.
The United Arab Emirates leads with the highest market share, accounting for nearly $0.16 billion in 2023.
● The UAE is establishing itself as a global hub for advanced technology and AI, with a strategic focus on international partnerships in semiconductor manufacturing.

● The creation of MGX, a technology investment firm led by the Artificial Intelligence and Advanced Technology Council (AIATC), further supports this vision. MGX, backed by Mubadala and G42, focuses on AI infrastructure, semiconductors, and core AI technologies.

● In this regard, printed circuit boards are essential in the production of AI hardware and semiconductor devices, making them a critical component in the UAE’s expanding tech ecosystem. As the country’s AI and semiconductor manufacturing capabilities intensify, the demand for PCBs is expected to rise significantly.

Printed Circuit Board Market Trends in Turkey

As per OEC, Turkey’s export of printed circuit boards was valued at $11.3 million in 2022. This reflects the country’s strong capabilities in high-tech manufacturing and its potential to become a significant player in the PCB market. Consequently, the growth of this market is driven by factors such as increasing demand for consumer electronics, the expansion of the automotive industry, particularly with the rise of EVs and the ongoing digital transformation across various sectors. Additionally, government initiatives to boost local manufacturing and technological innovation will play a crucial role in enhancing production capacities, thereby solidifying Turkey’s position in the global PCB supply chain.

The market segments for printed circuit board consist of application, substrate, and raw material. The application segment includes industrial electronics, computer, military, consumer electronics, automotive, communication and other applications. PCBs in the military sector are utilized in a variety of equipment, including drones, UAVs, and devices for navigation and ranging. These boards create pathways that allow electricity to flow through the circuit, serving as a foundation for mounting various electronic components.

Contender Analysis in the Printed Circuit Board Market:

Young Poong Electronics Co Ltd manufactures flexible printed circuit boards (FPCBs) for both the domestic and international electronics markets. The company specializes in single-sided FPCBs and also produces double-sided FPCBs for TFT LCDs, LCDs, mobile phone keypads, side keys, and mounting components for FPC applications, along with higher-density circuits. They also offer double-access FPCBs, which are used in multi-layer FPCBs for color and folder-type mobile phones, built-in applications, and CDRW pickup assemblies. The company is headquartered in Ansan, South Korea.

In 2022, Young Poong Electronics Co Ltd acquired a 4.32% stake in Interflex Co Ltd from Terranix Co Ltd for KRW 9.5 billion.

Some other notable contenders in the printed circuit board market include Samsung Electronics Co Ltd, Shennan Circuits Co Ltd, Tripod Technology Corporation, Unimicron Technology Corporation, and TTM Technologies Inc.

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Table of Contents

TABLE OF CONTENTS
1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1.1. COUNTRY ANALYSIS
6.1.1.1. UNITED ARAB EMIRATES
6.1.1.1.1. UNITED ARAB EMIRATES PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. SAUDI ARABIA
6.1.1.2.1. SAUDI ARABIA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.3. TURKEY
6.1.1.3.1. TURKEY PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.4. SOUTH AFRICA
6.1.1.4.1. SOUTH AFRICA PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.5. REST OF MIDDLE EAST & AFRICA
6.1.1.5.1. REST OF MIDDLE EAST & AFRICA 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: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2024-2032 (IN $ BILLION)
TABLE 6: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN %)
FIGURE 5: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 10: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI), 2024-2032 (IN $ BILLION)
FIGURE 14: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 15: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 18: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 21: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 22: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: MIDDLE EAST AND AFRICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED ARAB EMIRATES PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: SAUDI ARABIA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 28: TURKEY PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 29: SOUTH AFRICA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 30: REST OF MIDDLE EAST & AFRICA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)