DUBLIN -- The global printed circuit board industry is forecast to grow 8.1% compounded annually from 2012 to 2017. Regionally, Asia Pacific will lead the pack during that period, says Research and Markets.

Growth is expected to be driven by expanding demand for high-end products from consumers in India and China.

Several PCB manufacturing companies are moving to the APAC region to leverage the lower cost of production as this region has much lower labor costs than Europe and North America.

"The industry is under tremendous pressure to produce products having features of more compatibility and higher performance. PCB manufacturers are therefore challenged to design their products accordingly," the firm said. "Another challenge is the appreciation of the Chinese currency and the rising price of copper. Combination of factors such as global economic recession and fluctuation in the price of raw materials are affecting the industry."

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