Global Printed Circuit Board Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Printed Circuit Board Market Report by The Business Research Company covers printed circuit board market drivers and restraints, printed circuit board market size, major players, and the impact of COVID-19 on the printed circuit board market.
The printed circuit board market consists of sales of printed circuit boards by entities (organizations, sole traders, and partnerships) that are used to connect electronic and electrical components without the use of wires. 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.
The global printed circuit board market is expected to grow from $50.88 billion in 2020 to $54.30 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The growth in the printed circuit board market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The printed circuit board market is expected to reach $68.38 billion in 2025 at a CAGR of 5.9%.
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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Some printed circuit board market trends include use of biodegradable materials in printed circuit boards (PCBs). 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.
Global printed circuit board market segments include:
1) By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Others
2) By Substrate: Rigid, Flexible, Rigid-Flex
3) By Laminate Type: Paper, FR-4, Polyimide, Others
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, It And Telecom, Consumer Electronics, Others
5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Printed Circuit Board Global Market Report 2021: COVID-19 Growth and Change is one of a series of new reports from The Business Research Company that provides printed circuit board market overviews, analyzes and forecasts market size, share, printed circuit board market players, printed circuit board market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The printed circuit board identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Printed Circuit Board Global Market Report 2021: COVID-19 Growth and Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: TTM Technologies, Nippon Mektron Ltd, Samsung Electro-Mechanics, Unimicron Technology Corporation, Advanced Circuits, Tripod Technology Corporation, DAEDUCK ELECTRONICS Co.Ltd., Flex Ltd., Eltek Ltd, Sumitomo Electric Industries, Dongshan Precision, and Zhen Ding Technology Holding Limited (ZDT).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Printed Circuit Board Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Printed Circuit Board Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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