Summary

Triton’s research analysis states that the printed circuit board market in North America is estimated to gain revenue at a CAGR of 4.16% over the forecast years 2024-2032.
The printed circuit board market in North America has been rapidly expanding, driven by growing demand for smart devices, electronic utilities, and increasing internet penetration. Manufacturers of electronic devices like smartphones, rechargeable batteries, and LED/LCDs are seeing a surge in demand for PCB production, significantly boosting growth in this sector. Additionally, companies are investing in advanced materials and technologies to enhance PCB performance, while also focusing on sustainable manufacturing practices to meet regulatory and environmental standards. As the region continues to innovate in areas like 5G infrastructure, electric vehicles, and advanced manufacturing, the need for high-quality, reliable PCBs has become paramount.
The countries researched in this region include the United States and Canada.
The United States holds the largest market share, achieving around $3.08 billion in 2023.
● In 2022, the US government enacted the CHIPS and Science Act to boost semiconductor research and manufacturing in order to strengthen national security and supply chains.

● Since its introduction, companies announced over $200 billion in private investments for new US semiconductor projects. These investments are aimed at boosting semiconductor production capacity as well as fostering innovation in chip design and manufacturing processes.

● This initiative is set to drive growth in the printed circuit board (PCB) market, as increased demand for semiconductors will necessitate more advanced and reliable PCBs to support the expanding semiconductor industry.

Printed Circuit Board Market Forecast for Canada
As per OEC, Canada imported $291 million worth of printed circuit boards in 2022, ranking as the 26th largest importer globally. This highlights a strong domestic demand, which is driving PCB market growth by attracting more suppliers and encouraging investment in local PCB production capabilities. This increased trade activity can stimulate innovation, enhance supply chain dynamics, and foster expansion in the printed circuit board market to meet growing needs.
The studied market is categorized into application, raw material, and substrate. The application segment comprises communications, consumer electronics, industrial electronics, automotive, military, and other applications. In the communication sector, PCBs are essential in digital devices like power distribution systems, networking equipment, routers, mobile phones, switching systems, and amplifiers. They electrically connect electronic components and serve as the foundation for integrating the entire system.
Contender Analysis in the Printed Circuit Board Market:

Shennan Circuits is a PCB manufacturing company founded in 1984. The company offers a range of services, including multi-layer boards, package substrates, laminated bus bars, electronic assembly, PCB assembly, signal testing, simulation, system-in-package design, and PCB design. Its products are utilized in automotive electronics, medical automation, aerospace electronics, and telecommunications equipment. The company is headquartered in Shenzhen, China.

In 2023, the company also invested $183.2 million to establish a new PCB plant in Thailand to cater to its international customers.

The other important contenders in the printed circuit board market are Ascent Circuit Pvt Ltd, Daeduck Electronics, Compeq Manufacturing Co Ltd, Epitome Components Ltd, Ibiden Co Ltd, Hannstar Board Corporation, and ISU Petasys.

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Table of Contents

TABLE OF CONTENTS
1. NORTH 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. NORTH 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. NORTH 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. NORTH 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. NORTH AMERICA PRINTED CIRCUIT BOARD MARKET – BY COUNTRY OUTLOOK
6.1. NORTH AMERICA
6.1.1. COUNTRY ANALYSIS
6.1.1.1. UNITED STATES
6.1.1.1.1. UNITED STATES PRINTED CIRCUIT BOARD MARKET FORECAST & PROSPECTS
6.1.1.2. CANADA
6.1.1.2.1. CANADA 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: NORTH 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: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIALS, 2024-2032 (IN $ BILLION)
TABLE 6: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2024-2032 (IN $ BILLION)
TABLE 7: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 8: NORTH 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: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY RAW MATERIAL, 2023 & 2032 (IN %)
FIGURE 5: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY EPOXY RESIN, 2024-2032 (IN $ BILLION)
FIGURE 6: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY GLASS FABRIC, 2024-2032 (IN $ BILLION)
FIGURE 7: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY PHENOLIC RESIN, 2024-2032 (IN $ BILLION)
FIGURE 8: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY KRAFT PAPER, 2024-2032 (IN $ BILLION)
FIGURE 9: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY OTHER RAW MATERIALS, 2024-2032 (IN $ BILLION)
FIGURE 10: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY SUBSTRATE, 2023 & 2032 (IN %)
FIGURE 11: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY STANDARD MULTILAYER, 2024-2032 (IN $ BILLION)
FIGURE 12: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY FLEXIBLE CIRCUITS, 2024-2032 (IN $ BILLION)
FIGURE 13: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY HIGH-DENSITY INTERCONNECT (HDI), 2024-2032 (IN $ BILLION)
FIGURE 14: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 15: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY RIGID 1-2 SIDED, 2024-2032 (IN $ BILLION)
FIGURE 16: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY RIGID FLEX, 2024-2032 (IN $ BILLION)
FIGURE 17: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 18: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY COMMUNICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 19: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY CONSUMER ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 20: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY INDUSTRIAL ELECTRONICS, 2024-2032 (IN $ BILLION)
FIGURE 21: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY INTEGRATED CIRCUIT (IC), 2024-2032 (IN $ BILLION)
FIGURE 22: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY AUTOMOTIVE, 2024-2032 (IN $ BILLION)
FIGURE 23: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY MILITARY, 2024-2032 (IN $ BILLION)
FIGURE 24: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 25: NORTH AMERICA PRINTED CIRCUIT BOARD MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 26: UNITED STATES PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)
FIGURE 27: CANADA PRINTED CIRCUIT BOARD MARKET 2024-2032 (IN $ BILLION)