Southeast Asia Printed Circuit Board Industry Report 2023-2032: Sector Set to Grow as Living Standards Increase - ResearchAndMarkets.com
By Business Wire
DUBLIN--(BUSINESS WIRE)--The "Research Report on Southeast Asia Printed Circuit Board Industry 2023-2032" report has been added to ResearchAndMarkets.com's offering.
Printed Circuit Board is the carrier of the electrical connection of electronic components, is an important component of cell phone parts. At present, the development of printed circuit board industry in Southeast Asian countries varies greatly. According to the publisher's analysis, Thailand and Malaysia's printed circuit board industry is more mature. Among them, the printed circuit board industry is one of the important industries in Thailand, Thailand has thousands of PCB suppliers, in 2021, its printed circuit board output value has exceeded US$ 2 billion, with an average annual growth rate of about 20%. Vietnam, Singapore, Indonesia and the Philippines also have a certain scale of the printed circuit board industry, while other countries are still relatively weak or have not yet developed the printed circuit board industry.
According to the publisher's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021.
The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
Most countries in Southeast Asia have a low smartphone penetration rate and have a lot of upside potential. With the development of mobile internet and e-commerce in each country, the smartphone penetration rate is also gradually growing. Take Vietnam as an example, Vietnam's cell phone sales have gradually increased, and in 2021, Vietnam's smartphone sales reached 15.9 million units, up 11.9% year-on-year.
Overall, according to the publisher's forecast, the size of Southeast Asia printed circuit board industry will maintain growth in 2023-2032. On the one hand, the printed circuit board industry is a labor-intensive industry, Southeast Asian countries are rich in labor resources, low production costs, printed circuit board industry has a bright future, attracting global cell phone manufacturers to Southeast Asia to transfer production capacity.
On the other hand, the economic growth of Southeast Asian countries, the improvement of the living standards of residents, the growth of demand for electronic products such as smart phones, will also promote the development of the printed circuit board industry.
- Southeast Asia Printed Circuit Board Industry Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on Southeast Asia Printed Circuit Board Industry?
- Which Companies are the Major Players in Southeast Asia Printed Circuit Board Industry Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in Southeast Asia Printed Circuit Board Industry
- What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Printed Circuit Board Industry during 2023-2032?
- What is the Expected Revenue of Southeast Asia Printed Circuit Board Industry during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in Southeast Asia Printed Circuit Board Industry Market?
- Which Segment of Southeast Asia Printed Circuit Board Industry is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing Southeast Asia Printed Circuit Board Industry?
Key Topics Covered:
1 Singapore Printed Circuit Board Industry Analysis
1.1 Singapore Printed Circuit Board Industry Development Environment
1.1.4 Minimum Wage of Singapore Manufacturing Industry
1.2 Singapore Printed Circuit Board Industry Operation 2018-2022
1.2.1 Singapore Printed Circuit Board Production Status
1.2.2 Singapore Printed Circuit Board Sales Status
1.2.3 Singapore Printed Circuit Board Import and Export Status
1.3 Singapore Major Printed Circuit Board Companies Analysis
2 Thailand Printed Circuit Board Industry Analysis
3 Philippines Printed Circuit Board Industry Analysis
4 Malaysia Printed Circuit Board Industry Analysis
5 Indonesia Printed Circuit Board Industry Analysis
6 Vietnam Printed Circuit Board Industry Analysis
7 Myanmar Printed Circuit Board Industry Analysis
8 Brunei Printed Circuit Board Industry Analysis
9 Laos Printed Circuit Board Industry Analysis
10 Cambodia Printed Circuit Board Industry Analysis
11 Southeast Asia Printed Circuit Board Industry Outlook 2023-2032
11.1 Southeast Asia Printed Circuit Board Industry Development Influencing Factors Analysis
11.1.1 Favorable Factors
11.1.2 Unfavorable Factors
11.2 Southeast Asia Printed Circuit Board Industry Supply Forecast 2023-2032
11.3 Southeast Asia Printed Circuit Board Market Demand Forecast 2023-2032
11.4 Impact of COVID -19 Epidemic on Printed Circuit Board Industry
For more information about this report visit https://www.researchandmarkets.com/r/amk1cd
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First published on Fri, Dec 30, 2022
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