Precision Strip for Electronics Global Market Report 2025

The precision strip for electronics market size has grown rapidly in recent years. It will grow from $2.4 billion in 2024 to $2.58 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth during the historic period can be attributed to increasing demand for miniaturized electronic components, growth in global consumer electronics production, rising adoption of high-speed communication devices, higher need for reliable semiconductor materials, and expanding applications in electric vehicles.

The precision strip for electronics market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth projected for the forecast period can be linked to rising demand for electric vehicle components, growth in renewable energy infrastructure, increasing use of precision strips in medical devices, expansion of industrial automation and robotics, and rising adoption of smart home and IoT devices. Key trends in the forecast period include advancements in high-conductivity materials, development of ultra-thin precision strips, innovations in eco-friendly manufacturing processes, improvements in automation and process efficiency, and development of high-strength, lightweight alloys.

The rising adoption of electric vehicles is expected to drive growth in the precision strip for electronics market. Electric vehicles use batteries and electric motors instead of conventional fuels such as petrol or diesel. Their growing adoption is largely fueled by increasing environmental awareness, as EVs produce zero tailpipe emissions, contributing to cleaner air and mitigating climate change. EVs depend on batteries, electric motors, and advanced electronic systems, creating demand for high-quality metal strips used in components such as battery contacts, connectors, and electronic circuits. These precision strips ensure reliable power delivery, safety, and efficient vehicle performance. For example, in 2024, the International Energy Agency, a France-based intergovernmental organization, reported that electric car sales in 2023 exceeded those in 2022 by 3.5 million units, reflecting a 35% year-on-year growth. Hence, the rising adoption of electric vehicles is driving the precision strip for electronics market.

Key companies in the precision strip for electronics market are developing sustainable products, such as eco-friendly precision strips, to reduce environmental impact, improve recyclability, and meet growing demand from industries including automotive, consumer electronics, and renewable energy. An eco-friendly precision strip for electronics is a thin, flat-rolled metal product manufactured with strict tolerances in thickness, width, and surface finish, using sustainable materials or environmentally responsible processes. In August 2025, NIPPON KINZOKU CO. LTD., a Japan-based steel manufacturer, introduced its fourth environmentally friendly product, special tension annealing (STA) finish stainless steel. This product enhances surface quality, reduces warping during high-precision etching, improves dimensional stability and surface smoothness, and supports advanced manufacturing needs in smartphones, 5G, and semiconductors. It also improves energy efficiency and offers greater design flexibility, aligning with the company’s sustainability goals.

In July 2023, BDK Valves and Gurukrupa Group Builders and Developers LLP, both India-based manufacturing companies, acquired Theis Precision Steel India Pvt. Ltd. for an undisclosed amount. The acquisition strengthens their market presence and specialty steel leadership by leveraging synergies, expanding manufacturing capacity, and accelerating growth and diversification. Theis Precision Steel India Pvt. Ltd. is an India-based company providing precision strips for electronics.

Major players in the precision strip for electronics market are JFE Steel Corporation, Aurubis AG, Ningbo Jintian Copper Co. Ltd., Outokumpu Oyj, Furukawa Electric Co. Ltd., Aperam S.A., Wieland-Werke AG, Jindal Stainless Limited, Allegheny Technologies Incorporated, Poongsan Corporation, Alleima AB, Materion Corporation, VDM Metals GmbH, Hyundai BNG Steel Co. Ltd., KME SE, Nippon Kinzoku Co. Ltd., Arnold Magnetic Technologies, Elgiloy Specialty Metals LLC, Shanghai Metal Corporation, Lamineries MATTHEY SA, Ulbrich Stainless Steels & Special Metals Inc., Yieh United Steel Corp. (YUSCO)

Asia-Pacific was the largest region in the precision strip for electronics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The precision strip for electronics market research report is one of a series of new reports that provides precision strip for electronics market statistics, including precision strip for electronics industry global market size, regional shares, competitors with a precision strip for electronics market share, detailed precision strip for electronics market segments, market trends and opportunities, and any further data you may need to thrive in the precision strip for electronics industry. This precision strip for electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A precision strip for electronics is a thin, flat-rolled metal product produced with extremely tight tolerances in thickness, width, and surface finish to meet the demanding requirements of electronic applications. These strips are commonly used in components such as connectors, lead frames, sensors, and shielding materials, where miniaturization, durability, and superior surface quality are critical.

The main types of precision strips for electronics are below 0.1 millimeter, 0.10-1.0 millimeter, and above 1.0 millimeter. Strips below 0.1 millimeter are classified as ultra-thin and are primarily used in applications requiring high precision and miniaturization. Common materials include copper, aluminum, steel, silver, and gold, which can undergo surface treatments such as uncoated, coated, electroplated, or galvanized finishes. The primary end-use industries for these strips include electronics manufacturing, electrical equipment, home appliances, the energy sector, and aerospace and defense.

The countries covered in theprecision strip for the electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The precision strip for the electronics market consists of sales of Bi-metal strips, brass strips, and phosphor bronze strips. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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