Overview and Scope
Printed circuit boards are electric boards, which help wiring surface-mounted and socketed components that are contained within a mechanical structure in most electronics. Their primary function is to physically support and electrically attach electronic devices by printing conductive pathways, tracks, or signal traces on copper sheets attached to a non-conductive substrate. They are used to connect electronic and electrical components without the use of wires.
Sizing and Forecast
The printed circuit board market size has grown strongly in recent years. It will grow from $63.62 billion in 2023 to $66.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growing demand for electric vehicles, increased demand from healthcare, strong economic growth in emerging markets and increased demand for industrial robots in the manufacturing sector.
The printed circuit board market size is expected to see strong growth in the next few years. It will grow to $83.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing demand for eco-friendly pcb’s, increasing investments in 5g technology and telecom infrastructure, increasing growth in iot devices and increasing digitalization. Major trends in the forecast period include developing board-in-board connectors for higher efficiency and better connectivity, adopting innovative software tools for printed circuit boards, leveraging artificial intelligence for improved product quality, focusing on 3d printing for compact designs and material optimization, focusing on the development of sustainable pcbs and focusing on partnerships and collaborations to expand product portfolio and geographic presence.
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Segmentation & Regional Insights
The printed circuit board market covered in this report is segmented –
1) By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Other Types
2) By Substrate: Rigid, Flexible, Rigid-Flex
3) By Laminate Type: FR-4, Polyimide, Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End Users
Asia-Pacific was the largest region in the printed circuit board market in 2023. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed circuit board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing electric vehicle sales are expected to propel the growth of the printed circuit board market in the forecast period. Electric vehicles (EVs) are those that are powered entirely or partially by electricity. Printed circuit boards (PCBs) are used to connect electrical components in electric vehicles, such as simple audio and display systems. PCBs are also used in the production of charging stations, which allow electric vehicle users to charge their vehicles. For instance, according to Bloomberg New Energy Finance (BNEF), a UK-based company that provides analysis, statistics, and news on the energy sector’s transition, EVs is predicted to account for 10% of worldwide passenger car sales by 2025, growing to 28% in 2030 and 58% in 2040.
Key Industry Players
Major companies operating in the printed circuit board market report are Zhen Ding Technology Holding Limited, Unimicron Technology Corporation, TTM Technologies Inc., NOK CORPORATION, Tripod Technology Corporation, AT&S Austria Technologie & Systemtechnik AG, Kinwong, Jabil Inc., Suzhou Dongshan Precision Manufacturing Co.Ltd, Shennan Circuits, Sumitomo Corporation, Nippon Mektron Ltd, Compeq Manufacturing Co Ltd, CMK, IBIDEN CO. LTD, Ihara Electronic Industries Co. Ltd., Kyoden Co. Ltd., Genus Electrotech Ltd., Ascent Circuits Pvt. Ltd., Circuit Systems India Ltd., Shogini Technoarts Pvt, LtdGilson Inc, Elvia PCB, NCAB Group, Multek, Eurocircuits, Aspocomp, ICAPE Group, Würth Elektronik Group, EverMAX sro, A3 v.o.s, AJ Technology Ltd, AWOS s.r.o, Cemebo s.r.o, EMS-ELECTRA SRL, PCB ELECTRA, DGTronik, Flex Ltd, Rush PCB Inc, Custom Circuit Boards, Journey Circuits Inc, Mentor Graphics Corp, Rockwell Collins Inc, Telephonics Corporation, NTI PCB Lab, JHYPCB, Bonam Electronic Projects, Bosco Printed Circuits
The printed circuit board market report table of contents includes:
1. Executive Summary
2. Printed Circuit Board Market Characteristics
3. Printed Circuit Board Market Trends And Strategies
4. Printed Circuit Board Market – Macro Economic Scenario
5. Global Printed Circuit Board Market Size and Growth
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32. Global Printed Circuit Board Market Competitive Benchmarking
33. Global Printed Circuit Board Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Printed Circuit Board Market
35. Printed Circuit Board Market Future Outlook and Potential Analysis
36. Appendix
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