The global Printed Circuit Boards (PCBs) market was valued at $12.10 billion in 2023 and is projected to reach $15.19 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2030. This growth is driven by the increasing demand for consumer electronics, advancements in automotive electronics, and the proliferation of connected devices.
Market Overview
Printed circuit boards (PCBs) are essential components in electronic devices, providing a platform to electrically connect and mechanically support various electronic components using conductive tracks, pads, and other features etched from copper sheets laminated onto a non-conductive substrate. PCBs are used in a wide range of applications, including consumer electronics, industrial machinery, automotive electronics, medical devices, and more. The versatility and efficiency of PCBs have made them integral to the production of modern electronic devices.
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Report Scope
The report on the global PCBs market provides a comprehensive analysis of market trends, dynamics, and competitive landscape. It covers various segments of the market based on type, substrate, application, and region. The report also highlights technological advancements, emerging trends, and market disruptions that could influence the future revenue mix of market players. Additionally, the report examines the impact of the COVID-19 pandemic on the market, analyzing both short-term and long-term effects.
Research Methodology
The research methodology for the PCB market report includes both primary and secondary research. Primary research involves interviews with industry experts, key opinion leaders, and market participants. Secondary research includes the analysis of industry reports, market publications, company websites, and other relevant documents. The data collected is validated through triangulation methods to ensure accuracy and reliability. The report provides a detailed analysis of market dynamics, competitive landscape, and future market outlook.
Market Drivers
Several factors are driving the growth of the PCBs market:
Rising Demand for Consumer Electronics: The increasing adoption of smartphones, tablets, laptops, and other consumer electronics is fueling the demand for PCBs.
Advancements in Automotive Electronics: The automotive industry is witnessing significant advancements, including the integration of advanced driver-assistance systems (ADAS), infotainment systems, and electric vehicles (EVs), all of which require sophisticated PCBs.
Proliferation of IoT Devices: The Internet of Things (IoT) is leading to an increase in connected devices across various industries, boosting the demand for PCBs.
Technological Advancements: Innovations in PCB materials and manufacturing processes are enhancing the performance and efficiency of PCBs, contributing to market growth.
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Market Segmentation
by Type
Single Sided
Double Sided
Multi-Layer
HDI
by Substrate
Rigid
Flexible
Rigid-Flex
by End-User Industry
Industrial Electronics
Healthcare
Aerospace & Defense
Automotive
IT & Telecom
Consumer Electronics
Others
Regional Insights
North America: The North American PCB market is driven by advancements in automotive electronics and the presence of leading technology companies.
Europe: Europe is witnessing growth due to increasing investments in automotive and industrial automation sectors.
Asia-Pacific: The region dominates the market, with China being the largest producer and consumer of PCBs. The growth is fueled by the high demand for consumer electronics and the presence of a strong manufacturing base.
LAMEA: The market in this region is growing due to increasing industrialization and the adoption of advanced technologies in various sectors.
Printed Circuit Boards (PCBs) Market Key Players
1. Jabil Inc.
2. Wurth Elektronik Group (Wurth group)
3. TTM Technologies, Inc.
4. Becker & Muller Schaltungsdruck GmbH
5. Advanced Circuits Inc.
6. Sumitomo Corporation
7. Murrietta Circuits
8. Unimicron Technology Corporation
9. Tripod Technology Corporation
10. AT&S Austria Technologie & Systemtechnik AG
11. Nippon Mektron Ltd.
12. Zhen Ding Technology Holding Limited
13. Nan Ya PCB
14. Young Poong
15. SEMCO
16. CMK
17. Other Key Players
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Key questions answered in the Printed Circuit Boards (PCBs) Market are:
- What is Printed Circuit Boards (PCBs)?
- What are the factors driving the Printed Circuit Boards (PCBs) Market growth?
- What are the factors are limiting the Printed Circuit Boards (PCBs) Market growth?
- What was the Printed Circuit Boards (PCBs) market size in 2021?
- Which trends are expected to generate additional revenue for the Printed Circuit Boards (PCBs) market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Printed Circuit Boards (PCBs) Market?
- What growth strategies are the players considering to increase their foothold in the Printed Circuit Boards (PCBs) Market?
- Who held the largest market share in the Printed Circuit Boards (PCBs) Market?
Key Offerings:
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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