The Printed Circuit Board Global Market Report 2023 by The Business Research Company, provides printed circuit board market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Printed Circuit Board Global Market Report 2023, the market size grew from $62.18 billion in 2022 to $69.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the printed circuit board market is expected to grow to $104.99 billion in 2027 at a CAGR of 10.8%.
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.
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The printed circuit board market 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: Paper, FR-4, Polymide, Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End-Users
The use of biodegradable materials in printed circuit boards (PCBs) is shaping the printed circuit board market. Manufacturers are concentrating on decreasing electronic waste by replacing standard substrates with more ecologically friendly alternatives, which might help reduce the electronics sector’s overall environmental effect while also potentially lowering assembly and manufacturing costs. For instance, in August 2022, the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab), a US-based research institute, developed a fully recyclable and biodegradable printed circuit to avoid mitigate the health and environmental hazards posed by heavy metal waste from landfill. These printed circuit boards (PCBs) are composed of biodegradable polyester binders, conductive fillers such as silver flakes or carbon black, and enzyme cocktails, in which conductive ink provides electrical conductivity from the silver or carbon black particles and the biodegradable polyester embedded with purified enzymes such as Burkholderia cepacian lipase (BC-lipase) promotes the easy degradation of polymer chain into monomer .
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. Printed Circuit Board Market Size And Growth
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26. Africa Printed Circuit Board Market
27. Printed Circuit Board Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Printed Circuit Board Market
29. Printed Circuit Board Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- TTM Technologies
- Nippon Mektron Ltd
- Samsung Electro-Mechanics
- Unimicron Technology Corporation
- Advanced Circuits
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