Global Industry Size:
The global electronics manufacturing market was valued at over USD 500 billion in 2023 and is projected to grow to USD 750+ billion by 2030, driven by rising demand for connected devices, electric vehicles, and renewable energy systems.
Growth Drivers:
5G and IoT Boom: Massive expansion of connected devices is fueling demand for compact, high-performance PCBs.
Electric Vehicles (EV): Automotive electronics are becoming more complex with sensors, ECUs, and infotainment.
Medical Electronics: Wearable and diagnostic devices require highly reliable miniature assemblies.
Smart Consumer Devices: Smartphones, wearables, and home automation products continue to grow.
Automation and Robotics: Industry 4.0 demands robust industrial electronics.
Regional Trends:
Asia-Pacific: Dominates production due to manufacturing hubs in China, Vietnam, India, and South Korea.
North America & Europe: Focused on high-tech, defense, medical, and automotive electronics with strong EMS presence.