In 2023, the Printed Circuit Assembly (Electronic Assembly) Manufacturing Industry in the US stood at a specific value, setting the baseline for forecast analysis. From 2024 to 2028, the forecasted gross output of the industry shows a slight, consistent decline from $20.58 billion to $20.22 billion. This reflects a year-on-year decrease of roughly 0.4% annually. The forecasted compound annual growth rate (CAGR) indicates a modest average decline over the forecasted period.
Future trends to watch for include:
- Technological advancements in assembly processes that may reduce costs and affect outputs.
- Shifts in demand due to changes in consumer electronics trends.
- Potential impacts from trade policies or global supply chain disruptions.
- Increases in demand for advanced electronic components driven by sectors such as automotive or renewable energy.