PCB Manufacturing Equipment

Global PCB Manufacturing Equipment Market to Reach US$7.2 Billion by 2030

The global market for PCB Manufacturing Equipment estimated at US$6.1 Billion in the year 2024, is expected to reach US$7.2 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2024-2030. PCB Drilling Machines, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the PCB Imaging & Exposure Systems segment is estimated at 3.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 5.4% CAGR

The PCB Manufacturing Equipment market in the U.S. is estimated at US$1.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Global PCB Manufacturing Equipment Market – Key Trends & Drivers Summarized

How Is the Push Toward Miniaturization and High-Density Integration Shaping PCB Manufacturing Equipment?

Printed circuit board (PCB) manufacturing equipment plays a foundational role in producing rigid, flexible, and hybrid PCBs used across consumer electronics, automotive, industrial, and telecom applications. As PCBs evolve into more compact, multi-layered, and high-density interconnect (HDI) structures, manufacturers are investing in next-generation fabrication tools that can deliver precision, speed, and multilayer stack-up consistency. This shift is being driven by the exponential growth in compact electronic devices, wearable tech, and advanced driver-assistance systems (ADAS), all of which demand fine-line circuitry, tight tolerances, and complex via architectures.

Equipment such as laser direct imaging (LDI) machines, automated optical inspection (AOI) systems, CNC drilling machines, plasma etchers, and advanced lamination presses are increasingly being deployed to support the evolution of miniaturized PCB formats. Laser drilling and UV exposure systems, in particular, are becoming critical to produce microvias and maintain registration accuracy in multilayer HDI designs. Manufacturers are also incorporating hybrid fabrication lines that can support flexible circuits, rigid-flex PCBs, and embedded component substrates to accommodate broader market demands.

Why Are Automation, Smart Manufacturing, and Material Compatibility Becoming Strategic Imperatives?

The PCB fabrication process involves multiple precision steps, from substrate cleaning and photoresist application to etching, plating, and final finishing. Automation across these stages is key to ensuring repeatability, yield improvement, and cost efficiency. Smart PCB factories are increasingly adopting robotic handling, machine vision systems, and predictive maintenance tools that reduce downtime and scrap rates. Integrated data capture systems linked to MES (Manufacturing Execution Systems) and ERP platforms are helping fabricators move toward fully digitalized production environments.

Material compatibility is another area of transformation. As low-loss materials, ceramics, and high-frequency laminates become prevalent for 5G and mmWave applications, equipment must adapt to new material handling protocols and thermal characteristics. CNC drill heads, lamination modules, and plating baths are being redesigned to process PTFE composites, low-Dk glass-reinforced materials, and thin-film dielectrics with minimal warping or delamination. These adaptations are essential for fabricators serving aerospace, telecom, and high-frequency test and measurement markets.

How Are Regional Dynamics, Environmental Compliance, and Cost Pressures Influencing Equipment Investments?

Geographical shifts in electronics manufacturing—particularly the rising dominance of China, Vietnam, and India as PCB production hubs—are reshaping global demand for fabrication equipment. Governments in these regions are offering incentives to localize electronics production, leading to increased capital investment in both greenfield and brownfield PCB plants. At the same time, North America and Europe are witnessing a revival in high-mix, low-volume PCB manufacturing to support defense, medical, and industrial automation sectors, further diversifying the demand profile for equipment vendors.

Environmental compliance and sustainability mandates are also driving innovation in energy-efficient equipment, closed-loop chemical management systems, and wastewater treatment technologies. Equipment manufacturers are developing low-emission etching lines, lead-free plating systems, and VOC-controlled coating processes to align with global regulatory frameworks such as RoHS, WEEE, and REACH. These sustainable upgrades are becoming critical in supplier qualification processes, especially among OEMs with ESG targets.

What’s Driving the Expansion of the PCB Manufacturing Equipment Market Worldwide?

The growth in the PCB manufacturing equipment market is driven by several factors including rising electronics demand, increasing PCB complexity, and the rapid transition to smart and automated production lines. A key driver is the growing proliferation of multi-functional, miniaturized electronics that require ultra-precise and reliable circuit boards. The continued expansion of the 5G, EV, IoT, and industrial automation sectors is fueling demand for fabrication tools capable of supporting advanced PCB formats.

Additionally, capacity expansions by leading PCB manufacturers, strong capital expenditure cycles across Asia-Pacific, and technological advancements in photonics and microfabrication are reinforcing the need for next-gen equipment. Equipment providers are also benefiting from the shift toward turnkey manufacturing ecosystems, where integrated line solutions and end-to-end process automation are prioritized. With innovation, sustainability, and production agility becoming key differentiators, the PCB manufacturing equipment market is poised for sustained global growth.

SCOPE OF STUDY:

The report analyzes the PCB Manufacturing Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (PCB Drilling Machines, PCB Imaging & Exposure Systems, PCB Plating Equipment, PCB Testing & Inspection Systems, PCB Routing Machines, Other Types); End-Use (PCB Manufacturers, Electronic Manufacturing Services Providers, Original Equipment Manufacturers, Other End-Uses); Application (Consumer Electronics, Automotive Electronics, Industrial Electronics, Aerospace & Defense Electronics, Healthcare Electronics, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Atotech
• C Sun Manufacturing Ltd.
• Electro Scientific Industries (ESI)
• Everest PCB Equipment Co., Ltd.
• Fuji Corporation
• JUKI Corporation
• LPKF Laser & Electronics AG
• MKS Instruments, Inc.
• Mycronic AB
• Nordson Corporation
• Panasonic Corporation
• Saki Corporation
• Sanmina Corporation
• SCREEN Holdings Co., Ltd.
• Shenzhen JHYPCB Co., Ltd.
• Shenzhen Kaizuo Electronic Tech.
• Sierra Circuits
• Unimicron Technology Corporation
• VSE Corporation
• Zhen Ding Technology Holding Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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