The PCB market is fragmented, with multiple well-established players striving for leadership. Further cementing this growth, companies are shifting toward R&D investments for advanced PCB technologies, from high-frequency to flexible and rigid-flex boards to meet emerging markets in automotive, aerospace, and 5G. Further, they are expanding their footprints for manufacturing globally to reduce supply chain risks and cater to increasing regional demand.
Smaller players are trying to focus on niche segments and develop a strong regional presence to compete effectively. Another trend cropping up in consolidation is through mergers and acquisitions, driven by the aim of achieving scale economies and expanding product portfolios.
Author Credits: Abhishek Verma
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