USD 80 billion
Report ID:
SQSG45K2010 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|Tables:
218
|Figures:
80
Global Printed Circuit Board Market size was valued at USD 80 billion in 2022 and is poised to grow from USD 84.4 billion in 2023 to USD 132.1 billion by 2031, growing at a CAGR of 5.7% during the forecast period (2024-2031).
The printed circuit board (PCB) is essential to the global electronics industry as it forms the building blocks of electronic devices and systems, thereby constituting a key part of nearly every one of its assemblies. One of the basic building blocks of most types of modern electronic devices is printed circuit boards, or PCBs. In addition, the increase in demand for electronic devices such as smart phones laptops, among other wireless devices is one of the prime sustaining factors driving global printed circuit board market growth.
Increase in the global population coupled with increased penetration of electronics specifically for developing economies have driven the printed circuit boards demand. The usage of PCB has also increased in various sectors like consumer electronics, automobile, IT & telecommunication and other industries. In addition, the rising demand for PCB from these industries is mainly owing to technologies such as industrial automation, advanced medical devices, and various kinds of modern electronic gadgets that consumers use today. Other prominent factors responsible for boosting the printed circuit market growth are growing demand of printed circuit boards in automobiles that enable drivers to connect their mobile devices with the automobile to monitor battery status, initiate climate control systems, unlock doors and much more.
US Printed Circuit Board Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 80 billion
Largest Segment
IT & Telecommunication
Fastest Growth
IT & Telecommunication
Growth Rate
5.7% CAGR
To get more reports on the above market click here to Buy The Report
Global Printed Circuit Board Market is segmented by Product Type, End User, Product, Laminate Materials, Raw Materials, Application and Region. Based on Product Type, the market is segmented into Standard Multiplayer PCBs, Rigid 1-2 Sided PCBs, HDI/Micro-via/Build-Up, Flexible PCBs, Rigid-Flex PCBs, Others. Based on End User, the market is segmented into Industrial Electronics, Healthcare, Aerospace& Defence, Automotive, Consumer Electronics, Others. Based on Product, the market is segmented into Rigid PCBs, Standard Multiplayer, HDI/Build-up/Microtia, Flexible Circuits, IC Substrate, Others. Based on Raw Material, the market is segmented into Glass Fabric, Epoxy Resin, Kraft Paper, Phenolic Resin, Polyimide Film. Based on Application, the market is segmented into Industrial Electronics, Aerospace & Defence, IT and Telecom, Automotive, Consumer Electronics, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Printed Circuit Board Market Analysis by Product
In 2023, the HDI segment was dominating with the largest printed circuit board market share. The increasing demand for compact, high-performance electronics is proliferating the increase of this segment. Due to their small size, good electrical performance, and multi-layer structure, HDI PCBs are important for smartphones or automotive and medical devices. The market is also benefiting in the wake of advancements in miniaturization and high-speed data processing. Moreover, high density interconnects (HDI) technology provides multiple options that enable the manufacturers to utilize one or more component(s) on both sides of the raw printed circuit board.
The standard multilayer segment is anticipated to grow with the highest CAGR during the printed circuit board market forecast period. FR-4 based multilayer PCBs are made from layers of copper traces and insulated layers stacked on top each other. Layers can be dependent on the structure and need of the design. The layers that provide insulation between copper traces are usually made of prepreg, a resin-drenched fiberglass material. Multilayer PCB standard PCBs are characterized by low dielectric constant and low loss tangent values, thus supporting different electrical properties for high-frequency PCB performance. These factors are rapidly increasing the growth of the segment in the market.
Printed Circuit Board Market Analysis by Application
In 2023, the consumer electronic segment will dominate with the largest share of the overall global market. In consumer electronics PCBs are used for electronic gadgets and components ranging from calculators to smartphones, large-sized circuits to smartwatches. The printed circuit board market is driven by increased innovation, but fluctuations in raw material prices are expected to restrain the market. Remote control rigid etched, flexible or magnetic particle turbo machined bearings reliability as a function of time. Apart from this, the increasing usage of these electronic devices due to the tech-savvy millennials and other consumers are a strong stimulus for growth in revenue sales of the printed circuit board market.
PCB demand in the automotive segment is expected to grow significantly during the printed circuit board market forecast period. The automotive industry is going through a revolution, as electronic mechanisms for automation continued to become more commonly used in vehicles connectivity, and safety features. PCBs are essential parts for many electronic systems, including infotainment system units, electric powertrains and advanced driver assistance systems, that the majority of existing cars have in the present day. Utilized in automotive applications to survive severe operating conditions, that challenge temperature variations and moisture combined with overnight vibrations, PCBs are manufactured under strict quality, reliability, and performance criteria. As a result, the growth of electric and driverless vehicles creates demand for improved power density and thermal management.
To get detailed analysis on other segments, Request For Free Sample Report
Asia-Pacific accounted for the largest printed circuit board market share in terms of region in 2023. This is mainly due to the growing application of PCB in electronic devices and also the presence of a large number of semiconductor manufacturers in the region. In addition, rising acceptance of smart electronic implements in the region especially among developing countries such as India, China, Japan is also accounting for growth of printed circuit board market in this region. Furthermore, growth of APAC printed circuit boards will increase the deployment in 5G network in countries like South Korea, China & Japan thereby driving the growth of this market.
During the printed circuit board market forecast period, North America is anticipated to be one of the fastest-growing regions in the printed circuit board market. The growth is due to the increasing need for electronic devices from the aerospace & defense industry. Increasing penetration of smartphones, tablets, wearables and IoT devices leads to increasing demand for printed circuit boards (PCBs) in the region. Rising regional defense spending and advancements in aerospace technology is increasing usage for printed circuit boards (PCBs) in the region. Increasing use and application of sensors in North America across industries has a ripple effect on the demand for printed circuit boards (PCBs) especially with the increasing number of electronic devices and systems.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Printed Circuit Board Market Driver
Growing Automotive Demand
Booming Smartphone Sales
Printed Circuit Board Market Restraints
Fluctuating Supply and Price for Raw Materials
Regulations on Electronic Waste
Request Free Customization of this report to help us to meet your business objectives.
The printed circuit board industry is moderately fragmented and some of the notable players are Amphenol Corporation; Amperex Technology Ltd., Apex Microelectronics Company Limited, Autosplice, Inc., Auter Electronics Ltd. and so on. Manufacturers of printed circuit boards (PCBs) are conducting research & development activities for the composition of effective material to be used in manufacturing. Major players are concentrating on productivity along with the quality of their products to capture an increased customer base. The market players are involved in various expansion strategies, including voracious research & development activities, collaborations and mergers & acquisitions.
Printed Circuit Board Market Top Players Company Profiles
Printed Circuit Board Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Smart phones are everywhere, and they constantly drive innovations and applications while new opportunities for automotive PCB producers are created due to the increasing reliance on advanced electronics in the auto industry. Furthermore, the growth plastic integrated circuits for digital ICs and Internet of Things (IoT) devices are also anticipated to contribute towards the expansion of the PC-integrated circuits. These latest printed circuit board market trends are cumulatively expanding the market towards innovation. create the direction in which the market is heading that leads to innovation. These are also creating immense opportunities for the market leaders and new companies in the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 80 billion |
Market size value in 2031 | USD 132.1 billion |
Growth Rate | 5.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Printed Circuit Board Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Printed Circuit Board Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Printed Circuit Board Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Printed Circuit Board Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG45K2010
sales@skyquestt.com
USA +1 351-333-4748