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Planning To Invest In PCB market? Here’s All You Need To Know About PCB Market Share Insights

Alexandru Marginean



Image by Michael Schwarzenberger from Pixabay
Reading Time: 4 minutes

As the digital revolution continues to make inroads into all parts of the globe, the Printed Circuit Board (PCB) market is increasingly becoming an indispensable one – which is projected to experience massive growth in the near future. PCBs are non-conductive, copper laminated boards that primarily help bridge the gap between the electronic and electrical components in a device without the use of wires. Usually, these boards are made out of fiberglass, epoxy, and other composite materials which help in simplifying the complexity of the entire circuit.

PCBs are installed as an essential part of various electronic products, covering the ground from consumer gadgets like smartphones, tablets, and computers, going all the way to industrial and tech products, manufacturing equipment and power control devices. Depending on the type of material used to construct the PCB, there are six substrates into which it is divided:

  1. Rigid 1-2 Sided
  2. Rigid-Flex
  3. Flexible Circuits
  4. IC Substrate
  5. Standard Multilayer
  6. HDI

In the near future, the PCB market looks to promise handsome rewards, with opportunities available in several sectors, including automotive, defense, consumer electronics, communications and broadcasting, industrial, and military/aerospace industries. Due to their versatile nature, PCBs find application in a wide variety of industries, whether it be on the dashboards of cars or in the radars used by the military and aerospace sectors.

As composite materials, PCBs represent a new frontier of evolution by tying into new industries and applications. In fact, due to these industrial advancements, as well as the developments in PCB functionalities, it is expected that more complex PCBs will be produced in the near future with a higher number of layers.

The PCB market share can give invaluable insights into the field, especially useful for those interested in investing in the PCB market. The global PCB market is estimated to grow at a compound annual growth rate (CAGR) of around 4% until 2020, reaching an estimated $77.73 billion by the end of the forecast period. One significant reason for the growth of this market is the communication industry, where the demand for PCB is significant. In addition, the automotive industry, and connected devices that it demands, have played a pivotal role in adding to this demand. Some of the emerging trends for this market include the miniaturization of printed circuit boards, the development of green PCBs due to a global shift toward sustainability, and a progressively multiplying demand for high-speed data and signal transmission.

Some of the big players in the PCB Market are:

  • Compeq Manufacturing
  • NOK Corporation
  • Zhen Ding Technology Holding
  • TTM Technologies
  • Ibiden Co
  • Young Poong Electronics,
  • Unimicron Technology
  • Tripod Technology
  • Samsung Electro-Mechanics

In the future, it is likely that standard multilayer PCBs will continue to be the largest substrate type, because of their increasing demand in the communication industries. Moreover, the rigid-flex substrate is also estimated to see high levels of growth in the near future, given the popularity of smartphones as well as other display-centered devices.


Market Share


Within the PCB market, computers will continue to retain their throne as the largest end-use industry, as a consequence of the heightened demand for computer systems in educational, healthcare, and business sectors. Moreover, the consumer electronics sector, owing to the high demand for interconnected devices, is also expected to witness the highest growth of all sectors.

There are five important regions in the PCB market:

  • Asia-Pacific (India, China, Korea, Japan, and Southeast Asia)
  • Europe (UK, Germany, Russia, France, and Italy)
  • South America (Colombia, Brazil, Argentina)
  • North America (Mexico, United States, and Canada)
  • Africa and Middle East (South Africa, Nigeria, Saudi Arabia, Egypt, and UAE)

The Asia Pacific (or APAC) region contributes over 90 percent of the global production. Therefore, it’s expected to play a key influencing role going forward. Within this region, China leads the production. It accounted for nearly half of all production in 2018, with Taiwan and South Korea following close behind at 12.6 and 11.6 percent respectively.

Meanwhile, the Americas’ PCB and PCBA market, valued at $3.53 billion in 2018, is growing at a CAGR of 1-2 percent. Furthermore, owing to an increase in automobile demand, PCB bookings have seen a steady increase in North America.

Due to the rise in demand in end-use sectors of Japan, China, Taiwan, and South Korea, the global PCB market is estimated to do well. Since major electronics manufacturers have set up their operations in these regions (reputed companies like Samsung, Panasonic, Sony, and more), the demand is further expected to soar higher. In addition to these countries, there are also some others, like Singapore, Vietnam, and Thailand, which are also contributing significantly in terms of demand.

This demand for PCBs is also supported by a shift by influential electronic and communication companies of their manufacturing bases to countries with cheaper resource costs, like South Korea, Taiwan, and China. In this connection, the environmental laws prescribed by the governments of these countries – which favors sustainable PCB production – are also expected to increase PCB demand.

With this said, Asia Pacific will still remain the largest market, witnessing remarkable growth in consumer electronic devices and telecommunication products, as well as due to the requirement of high electronic content in the automotive sector. The ever increasing adoption of electric vehicles as a result of growing environmental regulations and concerns is also estimated to increase the demand for PCB within this region.


In Conclusion

The PCB market is promising for investors owing to a multitude of reasons – ranging from advancement in technology to material improvements in the PCBs themselves – and the future is only going to bring more growth. Moreover, with the APAC market in particular poised to grow manifold, there’s no reason not to invest in PCB right now!


Author Bio:

Ethan Scott is a seasoned writer who has over the years contributed quality content on various high-profile websites. He has particularly excelled in niches like Fashion, Business, Entrepreneurship, Education etc. His professionalism, four year’s experience, and expertise make her one of the most sought-after content writers in the field.


Business and Management

Latest Innovations to Transform Revenue Cycle Management (RCM) Landscape

Alexandru Marginean



Reading Time: 5 minutes

Revenue cycle management, better known as RCM, is a business process that allows healthcare companies to be paid for providing services. For most healthcare service providers, RCM is available right from the process of pre-registering a patient all the way through the collection of final payment. Efficiency and time management play vital roles in RCM. A healthcare provider’s choice of electronic health record (EHR) can often be largely centered on how its RCM is deployed.

The implementation of RCM in a particular healthcare company is a lengthy process. The company has to submit all the documents of its patient to the in-house staff or RCM vendor, who will then code the charts according to the ICD-10 CM. Afterward, the claims are posted, submitted, and adjudicated by the payer. If a claim is rejected, steps are taken to resubmit and adjust it before the deadline of appeal. Then the patient cycle is initiated if there is a patient responsibility portion following adjudication. Nowadays, numerous RCM vendors are providing coding benchmarking, managed-care contracting, analytics, and coding education services to capture all the earned revenue for a practice. No matter the size of a hospital, health system, or practice, failure to prioritize and maintain revenue collection efforts and RCM can hinder growth, create an uncertain financial failure, and increase operational risk.

As per Fortune Business Insights the market is anticipated to reach USD 216,990.6 Million by 2026, exhibiting a CAGR of 12.4% in the forecast period. But, the RCM market was valued at USD 86,811.4 Million in 2018.

Why is Revenue Cycle Management a Complex Procedure?

The focus of several healthcare service providers is on offering top-notch care to their growing patient population. However, attention must also be paid to the financial solvency of the business to make sure that a hospital will be able to provide the same level of care in the upcoming years. Doctors and physicians are persistently faced with the challenge of providing cost-effective care to the patients while witnessing annual increase in administrative and care-delivery costs. Maintaining healthy accounts, preventing and reducing unpaid claims, reducing inefficient billing and coding processes, and enhancing point-of-service collections can severely impact profit margins.

The task of preventing unpaid claims to witness the greatest profit margins is strenuous, considering the nature of healthcare. The healthcare sector is complex as the price to offer services is shouldered by the organizations even before those services are paid either by the patient or the insurance companies. But the claims process is time-consuming. It can take months before a bill is paid in full. According to a survey, more than 95% of medical practice leaders reported inadequate billing processes. The majority of the leaders executed backup efforts to resolve the process by the end of the year. Besides, an inclination towards direct patient responsibility with high deductible health plans from commercial payer reimbursement supports the fact that healthcare service providers must closely examine their RCM and evaluate the methods to achieve multiple benefits.

Key Industry Developments

A rise in the adoption and usage of novel technologies have aided the prominent players in acquiring a lucrative revenue since the past few years. The utilization of RCM software solutions has supported several companies on a global scale. This article further provides insights into a few of the key developments that have recently occurred in the revenue cycle management industry.

Homecare Homebase Launches its New Revenue Cycle Management Service

Homecare Homebase, LLC, a developer of mobile software solutions for home health and hospice agencies, headquartered in Dallas, announced the launch of its new RCM service in June 2019. The latest RCM service is providing part of the organization’s HCHB services suite, a collection of technology-driven services that are designed to reduce the burden of time-consuming administrative operations. Moreover, it reduces in-house billing staff of the agencies by transferring the lion’s share of the collection tasks and administrative billing to a highly skilled team of billing experts.

Additionally, it offers more clarity into the often opaque RCM process for managing agencies through the use of the company’s dashboards and analytics. Homecare’s new service provides an extraordinary return on investment as several agencies are ready to leave money on the table. They are often not ready to spend the time required to resolve all the billing issues. The company’s extensive knowledge and expertise of billing will put it in a unique position.

Apprio, Inc. Unveils its New Commercial Health Unit Named ApprioHealth

In March 2019, Apprio, Inc., a provider of specialized technology solutions, based in Washington, D.C., unveiled its new, commercially focused business unit called ApprioHealth. The unit is aimed to fulfill the revenue cycle management requirements of health systems and hospitals. It will be led by Donny Zamora, who will be the division’s president. ApprioHealth will provide advanced technological solutions and services catered to the needs of the healthcare providers’ revenue cycle. The unit is a perfect blend of Apprio’s highly skilled revenue cycle management team and 20 years of technology experience. The main aim of the new division is to transform the way health systems and hospitals use technology to maximize revenue from existing payers as well as to register patients in the available coverage options.

Into the Future of Revenue Cycle Management Industry

With susceptible relationships enter new challenges that require attention. Payers have to prioritize individuals as buyers of healthcare coverage and healthcare due to the increasing exchanges in ways that they may not have focused as acutely in the past. The future of RCM is fully entangled with the idea of a more accountable customer. Payers are taking multiple actions to prevent and minimize financial glitches. The industry will exhibit a more consumer-centric approach. It would occur as patients are now responsible for a significant part of healthcare revenue due to a rise in the number of high-deductible health plans.

Accenture had surveyed approximately 2,000 consumers regarding medical bill payment. As per the survey, nearly 40% of the consumers mentioned that they would pay their medical bills in advance if they knew the cost beforehand. To increase the likelihood that patients will pay the bills and to guard their revenue streams, hospitals and healthcare companies are likely to maintain their consumer-friendly transparency in the future.





About the author: Reeti Banerjee is currently working as a content writer in a prominent market research firm named Fortune Business Insights. She specializes in writing articles, press releases, blogs, and news reports. She believes in maintaining simplicity throughout her content to provide the clients with a seamless reading experience. Reeti Banerjee on Linkedin

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Latest News

Bellagio and MGM Grand Could Be Up for Sale

Zoltán Tűndik



Photo source: Bloomberg
Reading Time: 3 minutes

Two Las Vegas landmarks could be up for sale. MGM Resorts International may sell the Bellagio and MGM Grand to Blackstone Group Inc. Talks are supposedly in the advanced stages and will involve a sale-leaseback agreement. What this means is that after the sale, MGM will lease the two properties via its affiliated real estate investment trust, MGM Growth Properties.


The potential sale would come at a perfect time. MGM is purported in a lot of debt, and the sale, according to analysts, is a logical solution. “These are two key pieces of real estate,” explained Deutsche Bank gaming analyst Carlo Santarelli. “If you’re MGM, you can expect a healthy premium for those assets… I think they’re evaluating ways to unlock value.”

Macquarie hospitality analyst Chad Beynon agreed, noting that the sale-leaseback setup will help MGM reduce its debt. He pointed out MGM’s need to deleverage now, given its exposure to “highly volatile markets like Las Vegas, where revenues fell 16 percent during the last recession.” Beynon added, “With interest rates coming down to historic lows and ample liquidity, we believe it’s a good time for MGM to explore value for some of these irreplaceable assets.”

The sale of Bellagio and MGM Grand will not be without precedent. Bloomberg’s feature on another potential MGM deal noted how the company previously sold “all but four of its wholly owned casinos to MGM Growth Properties Inc.” Now, the Bellagio and MGM Grand look set to be sold, too, along with the lesser-known Circus Circus located north of Las Vegas. Once finalised these deals will continue MGM’s years-long restructuring. Perhaps just as important the sale could set up MGM for its foray into Japan. The company is currently trying to secure a gaming licence in Japan that could potentially bring the MGM brand to a new lucrative market in Asia.

Worth the risk?


Between the Bellagio and MGM Grand, Blackstone will get 10,000 rooms and more than 300,000 square feet of casino space. But the question now is whether or not Blackstone’s alleged power move will pay off as the casino industry in Vegas is struggling. Nevada’s largest casinos lost $1.2 billion in the last fiscal year. Much of this loss was “driven by expenses associated with the reorganization of Caesars Entertainment after emerging from bankruptcy.” This is despite total casino revenues in Nevada increasing with customers paying more for games, hotels, and food and drink. In particular, gaming revenue for the state increased to $11.6 billion, marking the 7th increase in 8 years.

One reason for this increase in spending is that more people are coming to Vegas for alternative attractions. Alongside casino gaming, Vegas is also becoming a top destination for online gaming such as eSports. With the largest RazorStore opening in the city this year, the hope is to “encourage and foster an avid gaming community”. This shows how the city is adapting to modern online gaming audiences after years of competing with digital platforms. The online casino boom had a huge affect on the future of Vegas with more people playing games online. This was also driven by the availability of online resources as people could learn and play from the comfort of their homes. The online guides on PartyPoker for Texas Hold’em and Omaha help players learn the rules of the games as well as find tournaments for them to play in. However, despite ease of access this can’t compare to playing in an actual Vegas casino. Which is why the Bellagio and MGM Grand, which offer two of the best poker rooms in all of Sin City, are still seen as top tourist destinations. With gaming revenues up Blackstone will hope to take advantage of both casinos’ global reputation to develop their investment.

So far, though, neither Blackstone nor MGM has commented publicly about the reported sale. But if it does push through, it could signal a further revival in Las Vegas.

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European Commission Press Releases

European Labour Authority starts its work

Vlad Poptamas



Reading Time: 2 minutes


Today, the European Labour Authority starts its activities with an inaugural ceremony and the first meeting of its Management Board. The launch takes place two years after European Commission President Jean-Claude Juncker announced the idea for such an Authority in his 2017 State of the Union address before the European Parliament.

Marking the event, President Juncker said: “The European Labour Authority is the cornerstone in our work to make EU labour rules fair, effective and enforceable. It is no surprise that the Authority was established in record time, given its great necessity. The Authority will provide workers and employers with better access to information on their rights and obligations and will support national labour authorities in their cross-border activities. This will directly support the millions of Europeans who live or work in another Member State as well as the millions of businesses operating cross-border in the EU. This is another major step towards an integrated European labour market built on trust, reliable rules and effective cooperation. I want to thank all those – in the Parliament, the Council and the Commission – who have made the Authority a reality. I wish it every success.

President Juncker will participate in the opening ceremony in Brussels together with the Prime Minister of Slovakia, Peter Pellegrini, given Member States’ choice of Bratislava as the Authority’s location. Commission Vice-Presidents Valdis Dombrovskis and Maroš Šefčovič, Commissioner Marianne Thyssen and other guests will also attend.

Vice-President Dombrovskis said: “The European Labour Authority brings national authorities together. Both in its governance structure and day-to-day operations, the Authority will facilitate the cooperation between Member State representatives, as well as social partners.” Commissioner Thyssen added: “The Labour Authority will be the oil in the machinery of the internal market. A place where colleagues from different national authorities become used to working together and solving problems together. This will make the wheels of labour mobility turn more smoothly, to the advantage of millions of European citizens and businesses that make use of their right of free movement every day.

The Management Board of the Authority consists of representatives of Member States, of the Commission, EU-level social partners, European Parliament, as well as observers from Iceland, Liechtenstein, Norway, Switzerland and other EU Agencies in the field of employment and social affairs. On 17 October, they will meet for the first time to adopt the necessary decisions to put the Authority into action and share their views on the initial work programme.

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