25/25 and 30/30 um Segment has the Largest Share of Line/Space in the North America Substrate like PCB Market during 2021–2028

According to our latest study on “North America Substrate like PCB Market Forecast to 2028 – COVID-19 Impact and Analysis – by Line/Space/ Inspection Technology, and Application,” the market is projected to reach US$ 604.0 million by 2028 from US$ 224.8 million in 2021; it is expected to grow at a CAGR of 15.2% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the increasing acceptance of substrate-like PCB in OEMs, smart consumer electronics, and wearable devices and growing due to the demand for downsizing and effective connectivity solutions. However, the fluctuations with the raw material prices are expected to restrict the market growth during the forecast period.

North America is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region negatively. The US is a prominent market for substrate-like PCB due to the growing automotive and consumer electronics industry and rising focus on the expansion of 5G networks. The huge increase in the number of confirmed cases and rising reported deaths in the country has affected both manufacturing and sales of materials associated with substrate-like PCBs. The factory and business shutdowns across the US, Canada, and Mexico negatively impacted the adoption of the substrate-like PCB market. The region is expecting market recovery and economic improvement with the start of the COVID-19 vaccination. However, companies’ risks remain with the market uncertainties from the tough business environment associated with the unfavorable foreign exchange rate, raw material price, and logistics cost.

Based on line/space, the North America substrate like PCB market is bifurcated into 25/25 and 30/30 um and less than 25/25 um. In 2021, the the less than 25 um segment held the largest market share during the forecast period. Also, the same segment is estimated to register the highest CAGR during the forecast period. End customers are increasingly demanding thinner/smaller but more functioning smartphones, necessitating a reduction in the board area. As a result, minimum line spacing (i.e., the space between lines, via, components, layers, and so on) must be maintained in order to build a larger battery. Apple and Samsung, for example, have used SLP with 25/25 and 30/30 m line/space in their devices.

Compaq Manufacturing Co., Ltd., DAEDUCK ELECTRONICS CO., LTD., Ibiden Co, Ltd., Kinsus Interconnect Technology, SAMSUNG ELECTRO-MECHANICS CO, Ltd, AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Zhen Ding Tech. Group Technology Holding Limited, Technologies Inc., Korea Circuit, and Unimicron Technology Corp. are among the leading companies in the North America substrate like PCB market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for substrate like PCB market is segmented into line/space, inspection technology, and application. Based on line/space, the North America substrate like PCB market is segmented25/25 and 30/30 um and less than 25/25 um. Based on inspection technology, the substrate like PCB market is segmented into automated optical inspection, direct imaging, and automated optical shaping. Based on application, the substrate like PCB market is segmented into consumer electronics, automotive, medical, industrial, and others. Geographically, the substrate like PCB market is segmented into North America (US, Canada, Mexico).

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