Circuit Board & Electronic Component Manufacturing in the US - Industry Market Research Report

Running the circuit: Offshoring and consolidation will hinder industry growth

Printed circuit board revenue climbed at a CAGR of 0.7% in the past five years but rose just 0.1% in 2023 to reach $59.6 billion and a profit of 5.6%. COVID-19 rocked global supply chains, particularly those connecting US and Asian markets. Printed circuit board manufacturing and assembly plants briefly closed in 2020 before quickly reopening. A drop in production created order backlogs and a shortage of semiconductors and electronic components. The shortage coincided with massive demand for cars, phones and medical devices. Downstream semiconductor and electronics companies sought out printed circuit boards to take advantage of skyrocketing prices. Both overseas and domestic companies turned to US circuit board companies to fill supply gaps.

Companies in the Circuit Board and Electronic component Manufacturing industry primarily manufacture electronic components, except semiconductors and related devices, such as printed circuits, circuit boards, capacitors, transformers, connectors and switches.

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 key players and their market shares.