AT&S World

Market Environment – Recovery to Pre-crisis Levels and Beyond
32
Market Environment – Recovery
to Pre-crisis Levels and Beyond
Printed circuit board
market forecast to
expand to USD 69.8bn
by end of 2015
in USD billion
41.2
13.2
14.3
8.3
In the financial year 2010/11 the effects of the
economic crisis were barely still noticeable. All
segments of the market had begun to show signs
of recovery before the start of the financial year,
and the improvement continued as the year progressed.
Global printed circuit board sales increased to
USD 51bn in 2010, up 23.6% on the previous year
(2009: USD 41.2bn), with all regions benefiting from
this growth. Production in China was up by almost
30%. Although production recovered in Europe by
some 21% in 2010, at USD 2.5bn volumes fell well
short of 2009 levels as the collapse in the crisis year
had seen the European market contract by some
45.7%. Broken down by individual technologies,
at 37.1% the strongest growth came from printed
circuit boards for component housings, followed
by double-sided printed circuit boards (up 26.2%)
and multilayer printed circuit boards (up 22%).
The market is forecast to expand by fully 7% in
2011 to USD 54.6bn. Asia is expected to be the main
growth driver. Analysts are predicting growth of
Growth of the printed circuit board market
2009 2010 2011 2012 2013 2014 2015
Europe
23.6%
51.0
15.8
18.5
SOURCE: PRISMARK
7.0%
America
54.6
17.1
20.8
10.2 10.4
3.4 3.9 3.9
2.0 2.5 2.4
5.5%
Japan
57.5
7.3%
China
61.7
6.4%
65.7
6.2%
68.8
23.5
30.9
9.5
3.7
2.2
Asia (excl. Japan and China)
70
60
50
40
30
20
10
0
12.5% in China, and a respectable 7.5% for the
rest of Asia (not including Japan). Growth will be
weakest in Japan where the market will expand by
just 1.4% on the previous year. The Americas and
Europe are, however, expected to contract in 2011
(Americas down 0.4%, Europe down 1.8%). In terms
of technology, HDI printed circuit boards will be
the fastest growing segment with a 17% increase,
followed by printed circuit boards for component
housings with 12.1% and flexible printed circuit
boards with 7.8%.
Over the next five years, i.e., until the end of 2015,
the printed circuit board market is forecast to expand
to USD 69.8bn, for an average annual growth
rate (CAGR) of 6.5%. This growth will chiefly be
attributable to increases in production in China
where the growth rate is expected to average 10.8%
over the period. Production volumes in the rest
of Asia (not including Japan) are expected to increase
by an average of 8.2%, while the other regions
(Americas, Japan and Europe) will decline
by 1-2% during the period.
Developments in consumer markets
Automotive Solutions
The recovery of international car markets in 2010
was more rapid than expected. After a collapse
in new vehicle sales in many countries in 2009
as a result of the financial crisis, sales improved
noticeably as economies continued to gather pace
throughout 2010. According to the German Association
of the Automotive Industry (VDA) worldwide
car sales for 2010 amounted to more than
61.7 million (up 12%). Growth was driven by Brazil,
Russia, India and China (BRIC countries) and the
US market. Global car sales are forecast to increase
by a more moderate 3-5% in 2011.