Key Findings
The Benelux printed circuit board market is expected to project a CAGR of 1.81% during the forecast period, 2022-2030. The growing demand for PCB in industrial automation, the rising sales of consumer electronics, and the increasing adoption of PCBs in automobiles propel market growth.

Market Insights
A printed circuit board (PCB) is an electronic assembly that utilizes copper conductors to generate electrical connections between components. The printed circuit boards offer mechanical support for electronic components for enabling the setup of a device in an enclosure.

The printed circuit board market demands are set to grow, given the increasing sales of consumer electronics. Particularly due to the demand for printed circuit boards in these applications. Also, the consumer electronics industry is one of the central end-users of PCBs. With regard to Benelux, the consumer electronics imports to the Netherlands rose 3.1% in 2019 from 2018. In addition, the Belgium electronic component manufacturing industry is ranked seventh in Europe, and valued at ?1.2 billion as of 2022.

Further, the PCB has applications in consumer electronic devices like mobile phones. These include connectivity antennas, flexible circuitry in rechargeable batteries, mobile screens, and LCD displays. Accordingly, the growing demand and production of these devices are set to raise the demand for PCBs. Therefore, the surging consumption of consumer electronics, including mixers, washing machines, air conditioners, refrigerators, and television, is one of the main growth drivers of the PCB market. On the other hand, the market growth is restrained by high costs and technical complexities.

Regional Insights
The Benelux printed circuit board market growth analysis includes the assessment of Luxembourg, Netherlands, and Belgium. Netherlands is the fastest-growing country in the Benelux market. It is a conducive market since the country has an open economy reliant on foreign trade, industrial relations, and industrial activities centered on electrical machinery, refining petroleum, chemicals, and food processing.

Competitive Insights
The market has several regional and global players contesting for space. At the same time, many new entrants have gained traction in the market despite high barriers. Some of the leading companies in the market include PCB Connect BV, NCAB Group AB, Thales Nederland BV (GCC-PCB), Kovo Electronics BV, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation caters to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments