Bare Printed Circuit Board Manufacturing in the US - Industry Market Research Report

Without resistance: Favorable trade conditions, including declining import penetration, will aid industry growth

The Bare Printed Circuit Board Manufacturing industry manufactures circuit boards for various downstream uses, including consumer electronics, high-end electronics, such as medical, scientific and military equipment and automobiles. Demand for bare printed circuit boards has been declining consistently over the past two decades. This trend is mainly driven by prominent import penetration. Lower production costs overseas enable foreign producers to charge lower prices, boosting price competition and causing profit to shrink. However, domestic producers experienced a boom in demand following the initial hit of the pandemic, as supply chain disruptions led to an undersupply of semiconductors. Due to these trends, revenue has been declining at an estimated CAGR of 0.5% to $5.3 billion over the past five years, including a 1.7% drop in 2023 alone.

This industry manufactures bare printed circuit boards (PCB), which are a major input for electronics manufacturing. Bare PCBs differ from other PCBs because they lack electronic components such as transistors or capacitors. Electronics manufacturers add electronic components to bare PCBs to meet their specific product needs. Producers make bare PCBs from alternating conducting layers (e.g. copper foil) and dielectric layers (e.g. Teflon), which are laminated together with an epoxy resin.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.