Global Printed Circuit Board Market Outlook, Opportunities And Strategies
Learn about the global printed circuit board market through The Business Research Company, which provides information on printed circuit board market size, printed circuit board market drivers and restraints, printed circuit board market players, the COVID-19 impact on the printed circuit board market, and more.
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 drive printed circuit board manufacturing, thus driving the market during the forecast period.
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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.
Global printed circuit board market segments include:
By Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Others
By Substrate: Rigid, Flexible, Rigid-Flex
By Laminate Type: Paper, FR-4, Polymide, Others
By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the printed circuit board market in 2020.
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.
TBRC’s printed circuit board market report covers:
Major Market Players: 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)
The Printed Circuit Board Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s printed circuit board market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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