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The global electronics landscape is undergoing a significant transformation. Driven by a confluence of factors, including geopolitical instability, supply chain disruptions, and a growing emphasis on agility and localized production, a renewed focus on European PCB manufacturing is emerging. This resurgence is not merely a trend; it represents a strategic advantage for companies seeking to navigate the complexities of the modern electronics market with multiple sourcing options, outside of China. We are an example of this. With more than 80 factory partners in Asia and three owned factories in Europe and South Africa, ICAPE Group demonstrated the efficiency of this sourcing strategy.
The European PCB industry has undergone a significant shift in recent decades. The number of European manufacturers has dropped from 555 to around 180, with the top 20 players now holding a dominant 60% market share. While the overall market share has decreased—from 16% in 2000 to 2.3% in 2022, according to the EIPC (European Institute for Printed Circuits)—there is a clear trend toward consolidation.
Undeniably, Asian manufacturers currently hold a significant advantage in the global PCB market. Their competitive edge stems from a confluence of factors, including access to advanced technologies, highly competitive pricing, and the ability to deliver high-quality PCBs within shorter lead times. This combination has resulted in Asian manufacturers dominating global PCB production volumes. However, the COVID-19 pandemic served as a stark reminder of the vulnerabilities inherent in overly extended global supply chains. The heavy reliance on distant manufacturing hubs, primarily concentrated in Asia, proved problematic, leading to significant delays and disruptions. Moreover, rising transportation costs, import duties, and currency fluctuations eroded profit margins, adding further strain to an already challenging operating environment.
To continue reading this article, which originally published in the February 2025 SMT007 Magazine, click here.
