PCB Cutting Tools Market Size, Share, Growth, and Industry Analysis, By Type (PCB Drills, PCB Routers, PCB End Mills, and Others), By Application (Communications Computer, Consumer, Electronics, Automotive Electronics, Industrial and Medical, Military and Aerospace, and Others), Regional Forecast By 2031

PCB Cutting Tools Market Report Overview

• 

•  Request a Free Sample to learn more about this report

The global PCB cutting tools market size was 967.4 million in 2022 & the market is expected to reach USD 1462.66 million in 2031, exhibiting a CAGR of 4.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with PCB cutting tools experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Printed circuit board (PCB) cutting tools are used to cut printed circuit boards. They consist of several different parts, including steel, held in place by a shaft and handle. The blade is moved along the board, cutting it as it goes. It works with small sharp blades mounted on the hands. These tools can be hand held or machine mounted and usually include an electric motor and blade. The importance of cutting tools in the global PCB cutting tools market is that they help to cut the printed circuit boards accurately and precisely.

COVID-19 Impact: supply chain disruption hindered market growth during the lockdown

Shutdown of all the industries hampered PCB cutting tools market growth as the manufacturing and supply units were not allowed to work. The manufacturing units were kept on hold owing to the strict regulations imposed by the government to prevent the further spread of the pandemic. The machinery and equipment sector experienced a major setback during the pandemic. Only IT and healthcare sectors were exceptional in terms of growth during the pandemic. These factor caused disruption in the market.

Latest Trends

"Rapid adoption of Automation and Robotics to drive major growth in the market"

 PCB building is a three-step process (production, component sourcing and assembly) that consists of well-defined steps. However, different techniques are available for many steps, and plate quality and spin speed are important factors in choosing a CM method. Efforts to optimize these metrics have led some manufacturers to reduce the use of manual skills and increase process automation. This trend is likely to increase as programmable robots increase accuracy and flexibility and minimize or eliminate common errors. These factors are estimated to augment the market for PCB cutting tools. Taking advantage of this completeness requires design choices to be synchronized with your CM's DFM and DFA to optimize processing and maximize speed and productivity.

PCB Cutting Tools Market Segmentation

• 

•  Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into PCB drills, PCB routers, PCB end mills, and others.

• By Application Analysis

Based on application, the PCB cutting tools market can be divided into communications, computer, consumer electronics, automotive electronics, industrial and medical, military and aerospace, and others.

Driving Factors

"increase in advanced safety features and the proliferation of electric vehicles to foster market growth"

 Saudi car manufacturers have begun to embrace customer-centric needs and change regional trends according to consumer preferences. As for electric vehicles, the demand for vehicle electronic systems and the Internet of Things has increased, which is driving the product demand in PCB cutting tools sector. In addition, Saudi Arabia's RIYADH will buy 50,000 to 100,000 electric vehicles from Lucid Group Inc., backed by the Kingdom's sovereign wealth fund, over the next decade, according to the report, a boost for the automaker to try to boost sales profits. Companies are dramatically increasing the amount of electronic materials in cars per car. In addition, as the automotive industry evolves and application scenarios change, printed circuit board (PCB) manufacturers and suppliers anticipate that flexible printed circuit boards will benefit or be most suitable for use because they are more accurate and benefit from the era of 5G, smart innovations, the rise of the Internet of Things (IoT) and the growing sophistication of automotive electronics. These factors are anticipated to boost growth in the market of PCB cutting tools.

"Increased use of automation to elevate market expansion"

Increased automation goes hand in hand with increased use of software. In addition, manufacturing companies are adopting Industry 5.0 practices for intra- and inter-plant information exchange. Software-based PCBA manufacturing has many advantages, especially for assembly. For example, quality control measures such as automated optical inspection, which are used to detect defects or contamination that cannot be detected by human visual inspection, do not require users to physically handle the boards. Designing IoT boards requires optimization of sensor data collection and wireless connectivity. These factors are estimated to propel PCB cutting tools market growth in the foreseeable future.

Restraining Factors

"High cost of the machinery may put a pause in market growth"

Electronic components and subassemblies are sensitive to shock, vibration, corrosion, extreme temperatures, moisture and dust. These factors can damage the circuit and ultimately the entire system. Engineers use tensile compounds and conformal coatings to protect printed circuits, but choosing the right type of protection is critical for high-performance applications. Increased features lead to higher vehicle costs along with additional installation, maintenance and other factors, which in turn can severely limit the PCB cutting tools market growth.

PCB Cutting Tools Market Regional Insights

• 

•  Request a Free Sample to learn more about this report

"Asia Pacific to lead the market growth due to the presence of key electronics manufacturers in the region"

Asia Pacific dominated the global PCB cutting tools market with more than 38.0% revenue share in 2016. This is because there are many electronics manufacturers, especially in China and Taiwan, which account for a significant portion of the world production. The region is expected to maintain its dominant position during the forecast period due to growing demand in end-use industries such as consumer electronics and automotive electronics.  PCB Cutting Tools Market in North America is expected to grow at a CAGR of 7.5% during the forecast period 2018-2025. The growth is due to increasing demand for PCB cutting tools in various industries such as automotive, aerospace and electronics. Moreover, increasing awareness of environmental hazards associated with PCBs has contributed to the growth of the PCB cutting tools market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent players in PCB cutting tools market are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

LIST OF TOP PCB CUTTING TOOLS COMPANIES

• Union Tool
• Jinzhou Precision Technology
• Guangdong Dtech Technology
• Topoint Technology
• KYOCERA Precision Tools
• T.C.T. Group
• HAM Precision
• Tera Auto Corporation
• Key Ware Electronics
• IND-SPHINX Precision
• Yichang Josn Seiko Technology
• WELL-SUN Precision Tool
• Xinxiang Good Team Electronics
• Xiamen Xiazhi Technology Tool

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.