The Resurgence of European PCB Manufacturing: A Strategic Advantage
February 20, 2025 | Jordan Labbe, ICAPE GroupEstimated reading time: 1 minute

The global electronics landscape is undergoing a significant transformation. Driven by a confluence of factors, including geopolitical instability, supply chain disruptions, and a growing emphasis on agility and localized production, a renewed focus on European PCB manufacturing is emerging. This resurgence is not merely a trend; it represents a strategic advantage for companies seeking to navigate the complexities of the modern electronics market with multiple sourcing options, outside of China. We are an example of this. With more than 80 factory partners in Asia and three owned factories in Europe and South Africa, ICAPE Group demonstrated the efficiency of this sourcing strategy.
The European PCB industry has undergone a significant shift in recent decades. The number of European manufacturers has dropped from 555 to around 180, with the top 20 players now holding a dominant 60% market share. While the overall market share has decreased—from 16% in 2000 to 2.3% in 2022, according to the EIPC (European Institute for Printed Circuits)—there is a clear trend toward consolidation.
Undeniably, Asian manufacturers currently hold a significant advantage in the global PCB market. Their competitive edge stems from a confluence of factors, including access to advanced technologies, highly competitive pricing, and the ability to deliver high-quality PCBs within shorter lead times. This combination has resulted in Asian manufacturers dominating global PCB production volumes. However, the COVID-19 pandemic served as a stark reminder of the vulnerabilities inherent in overly extended global supply chains. The heavy reliance on distant manufacturing hubs, primarily concentrated in Asia, proved problematic, leading to significant delays and disruptions. Moreover, rising transportation costs, import duties, and currency fluctuations eroded profit margins, adding further strain to an already challenging operating environment.
To continue reading this article, which originally published in the February 2025 SMT007 Magazine, click here.
Suggested Items
The French Oil Mill Machinery Company Celebrates 125 Years of Innovation and Manufacturing Leadership
05/28/2025 | The French Oil Mill Machinery CompanyThe French Oil Mill Machinery Company marked its 125th anniversary this week, celebrating a rare legacy of continuous family ownership and manufacturing innovation.
Pilz Names STARTEAM GLOBAL ‘Best PCB Supplier of 2024’
05/28/2025 | STARTEAM GLOBALSTARTEAM GLOBAL has been recognized by Pilz, a global leader in automation technology, as its Best PCB Supplier of 2024. The award honors STARTEAM GLOBAL’s outstanding performance in key areas including product quality, delivery reliability, communication, and global service.
Indium Promotes O’Leary to Director of Global Accounts
05/27/2025 | Indium CorporationIndium Corporation, a leading materials refiner, smelter, manufacturer, and supplier to electronics, semiconductor, thin-film, and thermal management industries, announces the promotion of Brian O’Leary to Director of Global Accounts.
FastlinkPCB Accelerates Global Expansion, Builds Efficient PCB Industry Chain
05/26/2025 | FastlinkPCBFastlinkPCB, a PCB manufacturing and assembly solutions provider, announced that it has completed the layout of subsidiaries in the US, Germany, Switzerland, and Malaysia over the past year, forming a localized service network covering North America, Europe, and Southeast Asia.
SINEXCEL, Phoenix Contact Sign Global Strategic Partnership Agreement
05/23/2025 | PRNewswireSINEXCEL has officially signed a global strategic partnership agreement with Phoenix Contact at the PHIIDF (Phoenix Contact Innovation and Industry Development Forum) in Shenzhen.