US and Europe Printed Circuit Board (PCB) Design Industry - Regional Synopsis
The US printed circuit board (PCB) Design market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. It is expected to grow at a CAGR of 10.5% over the forecast period. Moreover, the market in the United States garnered a significant revenue in 2022. The growth of the market can be attributed majorly to the increasing number of robotic suppliers that in turn is to stimulate the robotic automation process in the region. The U.S. has a disproportionately large percentage of system integrators serving the industry. There are around 1,200 robot suppliers in the United States. Furthermore, the Metal & Machinery and Automotive industries continue to be the primary focus of the majority of U.S.-based robot suppliers, with around 50% and approximately 46% of suppliers, respectively, providing these two sectors. On the other hand, the United States’ market growth is attributed to the higher number of PCB designers in the region. There are now over 10,000 PCB designers working in the US. Additionally, around 85% of PCB designers are men, compared to nearly 15% of women.
The Europe printed circuit board (PCB) Design market, amongst the market in all the other regions, is projected to hold the notable market share by the end of 2035. It is expected to grow at a CAGR of 11.6% over the forecast period. Moreover, the market in the Europe garnered a significant revenue in 2022. The market growth in the region is attributed to rising automation of industry. As per the statistics of International Federation of Robotics, in 2021, there were 84,302 robot installations in Europe, it was a 24% rise from the previous year. In addition, the number of robots installed in Germany increased by 6% to 23,777 units in 2021. The peak caused by significant investments from the automobile industry in 2018.
