Report ID: SQSG45K2010
Report ID:
SQSG45K2010 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
218 |
Figures:
80
Global Printed Circuit Board Market size was valued at USD 78 billion in 2019 and is poised to grow from USD 82.41 billion in 2023 to USD 135.27 billion by 2031, growing at a CAGR of 5.66% in the forecast period (2024-2031).
A battery, resistors, transistors, LEDs, inductors, capacitors, and other electronic components are all connected by printed circuit boards, which also offer mechanical support. Printed wiring board (PWB) and printed wiring cards are additional names for PCB (PWC). Most frequently, materials like fiberglass, composite epoxy, or other composite materials are used to make them. Although they come in a wide range of types, rigid-flex PCBs and flexible circuits are the most frequently used PCBs in electronic circuits. Smart devices and rising consumer demand for consumer electronics are the main drivers of market expansion. Additionally, the market is being driven by factors like rising consumer spending, a rise in demand from emerging economies, and an increase in demand for eco-friendly PCBs as a result of an increase in electronic waste.
The market is expanding as a result of rising government support for sustainability initiatives and environmental protection, as well as rising demand for digitalization in developing nations. Modern PCB designs maximize utilization and reduce costs, which includes base material replacement. The booming demand for digital goods and equipment, the expansion of the healthcare device market, the rising demand for double-sided PCB, and the sharp increase in demand for high-tech features in the automotive sector are just a few of the factors driving the PCB market's expansion.
US Printed Circuit Board Market is poised to grow at a sustainable CAGR for the next forecast year.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant 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