Printed Circuit Boards, or PCBs, are a product that almost everyone in the world uses. Even people who live in the most remote parts of the world and have very little access to electricity of some form are likely to use such boards. Hence, PCB manufacturing is increasing at a faster rate than ever. A formal definition of such electronic component might look like this – “A printed circuit board mechanically supports and electrically connects electrical or electronic components using conductive tracks, pads, and other features etched from one or more sheet layers of copper laminated onto and/or between sheet layers of a non-conductive substrate” (Wikipedia). But in layman’s terms, a PCB creates a conductive pathway for electricity to be transferred from one end to another.
Printed circuit boards are used in all electronic products around us today. The usage and impact of this has been on an exponential rise since its inception in the early 20th century. The reason is very straightforward – almost everything used by us has the usage of electricity at least once in their life-cycle. The consumer electronics market will continue to grow at a rapid pace as innovations such as IoT gain traction and more mechanical devices or machines become intelligent. The global PCB market is expected to register a CAGR of 4.12% during its forecast period 2020-2025 as a result of rapid market growth recorded in the past five years and is projected to be worth USD 75.72 billion by 2025 (BusinessWire).
Bangladesh’s PCB manufacturing sector has been expanding in recent years. This is because businesses are focusing on producing consumer products for the local market, such as automobiles and electronic devices, and appliances. Industry leaders are starting to use the B2B and B2G models to run commercial PCB manufacturing. Finance minister, AHM Mustafa Kamal had declared a tax holiday of between 20% to 100% last year on sectors such as multi-layer PCB manufacturing in Bangladesh. For example, to take advantage of such tax reduction, Symphony has built a multi-storied facility to produce mobile phone accessories alongside manufacturing PCBs. As a result of such growing interest of several local companies and the government’s support, Bangladesh’s PCB manufacturing market in Bangladesh will see sudden growth in the coming years.