Printed Circuit Assembly Market Overview in the USA

After two years of growth, the U.S. printed circuit assembly market decreased by -% to $ in 2019. Overall, the total consumption indicated a perceptible increase from 2013 to 2019: its value increased at an average annual rate of +% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Printed circuit assembly consumption peaked at $ in 2018, and then reduced dramatically in the following year.

In value terms, printed circuit assembly production contracted to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by % y-o-y. Printed circuit assembly production peaked at $ in 2018, and then reduced in the following year.

After three years of growth, consumption of printed circuit assemblies (electronic assemblies) decreased by -% to units in 2019. In general, the total consumption indicated measured growth from 2013 to 2019: its volume increased at an average annual rate of +% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Printed circuit assembly consumption peaked at units in 2018, and then dropped in the following year.

The size of the printed circuit assembly market in the U.S. fell dramatically to $ in 2019, reducing by -% 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). Overall, the total consumption indicated a measured increase from 2013 to 2019: its value increased at an average annual rate of +% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Printed circuit assembly consumption peaked at $ in 2018, and then reduced notably 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 retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .

In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.

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 units, 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.