Europe Substrate like PCB Market to Grow at a CAGR of 11.7% to reach US$ 173.4 Million from 2021 to 2028
The Europe substrate like PCB market is expected to reach US$ 173.4 million by 2028 from US$ 79.8 million in 2021. The market is estimated to grow at a CAGR of 11.7% from 2021–2028.
With the rising trends in technologies such as IoT, 5G, smart cars, it is required that the size of the PCB is miniaturized, and substrates become more powerful. To support these technological trends, the use of substrate-like PCB has increased. Smartphone manufacturers are miniaturizing the devices to make them portable and easier to handle. For instance, in May 2018, AT&S showcased various products at the 14th AT&S Technology Forum. One of them was mSAP (modified semi-additive process) technology through which the company can achieve highly miniaturized and precise PCB structures. However, the demand for the miniaturization of packages and the growth in IoT is driving the need for substrate-like PCB modules.
The member states of Europe such as Italy, Spain, and Germany have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent huge market opportunities for substrate-like PCB adoption and growth due to the high purchasing power of individual customers and boosting advanced technologies such as 5G and IoTs. However, due to COVID-19, the manufacturing of PCB devices has seen a sharp decline in European countries, and the automotive and other industries are under stress till Mid-2021. In addition to this, the disruptions in raw materials and electronic component supply from China will further aggravate the manufacturing industries in this region. All these factors are expected to have a direct negative impact on a substrate like PCB market growth in European countries.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the substrate like PCB market. The Europe substrate like PCB market is expected to grow at a good CAGR during the forecast period.
Europe Substrate like PCB Market Revenue and Forecast to 2028 (US$ Million)
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Europe Substrate like PCB Market Segmentation
By Line/Space
By Line/Space
- 25/25 and 30/30 um
- Less than 25/25 um
By Inspection Technology
- Automated Optical Inspection
- Direct Imaging
- Automated Optical Shaping
By Application
- Consumer electronics
- Automotive
- Medical
- Industrial
- Others
By Country
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Companies Mentioned
- Compaq Manufacturing 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
- Korea Circuit
- Unimicron Technology Corp.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Substrate-like PCB Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Substrate-like PCB Market Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand for Substrates-like PCB in Consumer Electronics and Automotive Industry
5.1.2 Increasing Demand for Miniaturization and Modularization in Consumer Electronics Industry
5.2 Key Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Key Market Opportunities
5.3.1 Increasing Adoption of 5G Technology by Smartphone Manufacturers
5.4 Future Trends
5.4.1 Growing Adoption of Substrate-like PCB in Medical and Industrial Equipment
5.5 Impact Analysis of Drivers and Restraints
6. Substrate-like PCB Market – Europe Analysis
6.1 Substrate-like PCB Market Overview
6.2 Substrate-like PCB Market Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Substrate-Like PCB Market Analysis – By Line/Space
7.1 Overview
7.2 Substrate-Like PCB Market Revenue Breakdown, By Line/Space, 2020 and 2028
7.3/25 and 30/30 µm
7.3.1 Overview
7.3.2/25 and 30/30 µm: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Less than 25/25 µm
7.4.1 Overview
7.4.2 Less than 25/25 µm: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
8. Substrate-Like PCB Market Analysis – By Inspection Technologies
8.1 Overview
8.2 Substrate-Like PCB Market Breakdown, By Inspection Technologies, 2020 & 2028
8.3 Automated Optical Inspection
8.3.1 Overview
8.3.2 Automated Optical Inspection: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Direct Imaging
8.4.1 Overview
8.4.2 Direct Imaging: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Automated Optical Shaping
8.5.1 Overview
8.5.2 Automated Optical Shaping: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
9. Substrate-Like PCB Market Analysis – By Application
9.1 Overview
9.2 Substrate-Like PCB Market Breakdown, By Application, 2020 & 2028
9.3 Consumer Electronics
9.3.1 Overview
9.3.2 Consumer Electronics: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Medical
9.5.1 Overview
9.5.2 Medical: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10. Substrate-Like PCB Market – Geographic Analysis
10.1 Europe: Substrate-Like PCB Market
10.1.1 Europe: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2 Europe: Substrate-Like PCB Market- By Line/Space
10.1.3 Europe: Substrate-Like PCB Market- By Inspection Technologies
10.1.4 Europe: Substrate-Like PCB Market- By Application
10.1.5 Europe: Substrate-Like PCB Market- by Key Country
10.1.5.1 Germany: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.1.1 Germany: Substrate-Like PCB Market- By Line/Space
10.1.5.1.2 Germany: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.1.3 Germany: Substrate-Like PCB Market- By Application
10.1.5.2 France: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.2.1 France: Substrate-Like PCB Market- By Line/Space
10.1.5.2.2 France: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.2.3 France: Substrate-Like PCB Market- By Application
10.1.5.3 Italy: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.3.1 Italy: Substrate-Like PCB Market- By Line/Space
10.1.5.3.2 Italy: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.3.3 Italy: Substrate-Like PCB Market- By Application
10.1.5.4 UK: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.4.1 UK: Substrate-Like PCB Market- By Line/Space
10.1.5.4.2 UK: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.4.3 UK: Substrate-Like PCB Market- By Application
10.1.5.5 Russia: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.5.1 Russia: Substrate-Like PCB Market- By Line/Space
10.1.5.5.2 Russia: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.5.3 Russia: Substrate-Like PCB Market- By Application
10.1.5.6 Rest of Europe: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
10.1.5.6.1 Rest of Europe: Substrate-Like PCB Market- By Line/Space
10.1.5.6.2 Rest of Europe: Substrate-Like PCB Market- By Inspection Technologies
10.1.5.6.3 Rest of Europe: Substrate-Like PCB Market- By Application
11. Substrate Like-PCB Market- Impact Analysis of COVID-19
11.1 Europe
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 Compaq Manufacturing Co., Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Ibiden Co, Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kinsus Interconnect Technology
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SAMSUNG ELECTRO-MECHANICS CO, Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Zhen Ding Tech. Group Technology Holding Limited
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Korea Circuit
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Unimicron Technology Corp.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
LIST OF TABLES
Table 1. Europe: Substrate-Like PCB Market- By Line/Space – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Substrate-Like PCB Market- By Inspection Technologies – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: Substrate-Like PCB Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 9. France: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Substrate-Like PCB Market- By Line/Space –Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Substrate-Like PCB Market- By Inspection Technologies –Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Substrate-Like PCB Market- By Application –Revenue and Forecast to 2028 (US$ Million)
LIST OF FIGURES
Figure 1. Substrate-like PCB Market Segmentation
Figure 2. Europe Substrate-Like PCB Market Overview
Figure 3. Less than 25/25um Segment held the largest share in 2020
Figure 4. Germany held the highest share in Europe in 2020
Figure 5. Europe: PEST Analysis
Figure 6. Substrate-like PCB Market – Ecosystem Analysis
Figure 7. Expert Opinion
Figure 8. Europe Substrate-Like PCB Market: Impact Analysis of Drivers and Restraints
Figure 9. Substrate-like PCB Market – Geographic Analysis
Figure 10. Substrate-like PCB Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Substrate-Like PCB Market Revenue Breakdown, By Line/Space, 2020 & 2028 (%)
Figure 12./25 and 30/30 µm: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Less than 25/25 µm: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Substrate-Like PCB Market Breakdown, By Inspection Technologies, 2020 & 2028 (%)
Figure 15. Automated Optical Inspection: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Direct Imaging: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Automated Optical Shaping: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Substrate-Like PCB Market Breakdown, By Application, 2020 & 2028 (%)
Figure 19. Consumer Electronics: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Automotive: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Medical: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Industrial: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Substrate-Like PCB Market Revenue Share, By Line/Space (2020 and 2028)
Figure 26. Europe: Substrate-Like PCB Market Revenue Share, By Inspection Technologies (2020 and 2028)
Figure 27. Europe: Substrate-Like PCB Market Revenue Share, By Application (2020 and 2028)
Figure 28. Europe: Substrate-Like PCB Market Revenue Share, By Key Country (2020 and 2028)
Figure 29. Germany: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Italy: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Russia: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Europe: Substrate-Like PCB Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in Europe Country Markets
- Compaq Manufacturing 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
- Korea Circuit
- Unimicron Technology Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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