Case 23: Overview of IPC Potential Buyer Discovery
IPC is a Korean manufacturer of electronic components and printed circuit board products. To support entry into Bangladesh's electronics industry, the company requested KOTRA Dhaka to identify potential buyers. Bangladesh's electronics sector is still in an early expansion phase, but demand for PCBs and electronic parts is rising quickly across mobile phone assembly, LED lighting, consumer appliance assembly, and related segments. Government support for high-tech park development is also accelerating market growth.
Bangladesh Electronics Industry Market Conditions
Bangladesh's electronics industry is a high-growth sector valued at roughly USD 2.5 billion and expanding by more than 20% annually. Key segments include local mobile phone assembly by firms such as Korea Corp, Walton, and Symphony, LED lighting production, consumer appliance assembly, and IT hardware. As these industries scale, demand for PCBs and electronic components is increasing in parallel. Local PCB manufacturing capacity remains limited, so most supply is imported from China, Korea, and Taiwan.
| Product | Annual Imports | Growth Rate | Major Suppliers | Korean Share |
|---|---|---|---|---|
| PCB (Printed Circuit Boards) | $180M | +25% | China, Taiwan, Korea | Approx. 12% |
| Semiconductors and ICs | $220M | +22% | China, Japan, Korea | Approx. 8% |
| Connectors and Sockets | $60M | +18% | China, Taiwan, Japan | Approx. 5% |
| Passive Components (R/C/L) | $40M | +15% | China, Japan, Korea | Approx. 7% |
| LED and Display Components | $80M | +20% | China, Korea, Taiwan | Approx. 15% |