North American Printed Circuit Board Market Saw Almost 9% Growth in 2017
The military and aerospace market continues to represent the largest share of North American PCB production, reaching 40% for the reporting companies.
According to IPC’s “2018 Annual Report on the North American PCB Industry,” the association’s preliminary estimate of the size of the North American printed circuit board (PCB) market indicates growth of nearly 9% in 2017. This reportedly makes 2017 the first year of any significant PCB market growth since the recovery year of 2010. Preliminary data on North American PCB production in 2017 also indicates solid growth in domestic production. Another notable change is seen in the 2017 market growth for rigid PCBs vs. flexible circuits. For the first time since 2011, rigid PCB market growth outpaced flexible circuit market growth.
The military and aerospace market continues to represent the largest share of North American PCB production, reaching 40% for the reporting companies. Substantial growth was also seen the medical device and instrumentation market for PCBs. Sales of PCB prototypes experienced unusually strong growth in the flexible circuit segment.
Lead times increased steadily for all types of rigid PCBs during 2017, increasing more than 35% on average over the course of the year. In the flexible circuit segment of the industry, capacity utilization increased gradually in each quarter of 2017.
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