Printed Circuit Assembly Market Overview in the USA

In 2019, the U.S. printed circuit assembly market decreased by -% to $ for the first time since 2016, thus ending a two-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2018, and then reduced markedly in the following year.

In value terms, printed circuit assembly production shrank to $ in 2019. In general, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2016 to 2019, production growth failed to regain the momentum.

In 2019, approx. tonnes of printed circuit assemblies (electronic assemblies) were consumed in the U.S.; waning by -% compared with the year before. The total consumption volume increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. As a result, consumption attained the peak volume of tonnes. From 2018 to 2019, the growth of the consumption failed to regain the momentum.

The size of the printed circuit assembly market in the U.S. contracted significantly to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Printed circuit assembly consumption peaked at $ in 2018, and then contracted remarkably in the following year.

Driven by increasing demand for printed circuit assembly in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last six-year period (from % to %).

The U.S. remains a net importer of printed circuit assembly; in physical and value terms, imports consistently exceeded exports from 2013 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.