Printed Circuit Board Market to Reach $82.87 Billion by 2029, Growing at a CAGR of 5.3%

November 14, 2025 by The Business Research Company

Unlock Global Insights – Save 20% on Market Reports with Code ONLINE20

What Is The Global Market Value Of The Printed Circuit Board Industry In 2025?

The realm of printed circuit boards has seen consistent expansion lately, projecting an increase from its current valuation of $65.82 billion in 2024 to $67.42 billion by 2025, which represents a compound annual growth rate (CAGR) of 2.4%. This upward trajectory throughout the past period is largely due to several key factors, including the rising need for electric vehicles, heightened requirements originating from the healthcare sector, robust economic expansion observed in developing nations, and a greater call for industrial robotics within the manufacturing domain.

Anticipation points toward considerable expansion within the printed circuit board sector over the approaching years; by 2029, this market is projected to reach a valuation of $82.87 billion, reflecting a sustained compound annual growth rate of 5.3%. This upward trend in the projection span is fueled by several factors: a rising need for environmentally conscious PCBs, significant capital injections into 5G technology and telecommunications foundations, the proliferation of Internet of Things devices, and an overall shift towards heightened digitalization. Key developments shaping this forecast era encompass the creation of board-in-board connectors aimed at enhancing both efficiency and interconnectivity, the embrace of cutting-edge software solutions tailored for printed circuit boards, the utilization of artificial intelligence to elevate product standards, a concentration on additive manufacturing techniques to achieve smaller forms and optimized material usage, a dedicated push toward manufacturing sustainable PCBs, and a strategic emphasis on forging alliances and cooperative ventures to broaden product offerings and operational territories.

Unlock Your Free Sample Report for Exclusive Market Data:

https://www.thebusinessresearchcompany.com/sample.aspx?id=5316&type=smp

What Are The Emerging Market Drivers Creating New Opportunities In The Printed Circuit Board Industry?

The anticipated upswing in the sales volume of electric conveyances should significantly boost the market expansion for printed circuit boards throughout the projection timeframe; these electric vehicles, functioning through electrical power either wholly or partly, rely on PCBs to establish connections between diverse electrical elements, ranging from basic infotainment displays to audio modules, and furthermore, these circuit boards are integral to constructing the necessary charging infrastructure for EV owners, evidenced by projections from Bloomberg New Energy Finance (BNEF), a UK firm specializing in energy transition data, analysis, and reporting, which forecasts that electric vehicles will constitute one-tenth of all global passenger car sales by 2025, further escalating to twenty-eight percent by 2030, and finally reaching fifty-eight percent of global sales by the year 2040.

How Is The Printed Circuit Board Market Classified Into Different Segments?

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

Subsegments:

1) By Single Sided: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs

2) By Double Sided: Standard Double-Sided PCBs, Flexible Double-Sided PCBs, Rigid Double-Sided PCBs

3) By Multi-Layer: Standard Multi-Layer PCBs (3-10 Layers), High Layer Count Multi-Layer PCBs (More Than 10 Layers), Flexible Multi-Layer PCBs, Rigid Multi-Layer PCBs

4) By High Density Interconnect (HDI): Microvia HDI PCBs, Buried And Blind Via HDI PCBs, Flexible HDI PCBs, Rigid HDI PCBs

5) By Other Types: Flexible PCBs, Rigid-Flex PCBs, Aluminum PCBs, Ceramic PCBs

Which Competitive Trends Are Defining The Printed Circuit Board Market Structure?

The printed circuit board sector is being transformed by the adoption of materials that degrade naturally within circuit board production. A key focus for producers is the reduction of electronic refuse through the substitution of conventional base materials with greener substitutes, a move that could lessen the broader ecological footprint of the electronics industry while possibly driving down expenses related to assembly and production. Illustratively, in August of 2022, researchers at the Lawrence Berkeley National Laboratory (part of the US Department of Energy) engineered a completely recyclable and biodegradable circuit component specifically to lessen the environmental and health risks associated with discarding metallic waste in landfills. These PCBs achieve electrical conduction through conductive inks utilizing silver flakes or carbon black, while the polymer chains are facilitated to break down into monomers easily thanks to purified enzymes like Burkholderia cepacian lipase (BC-lipase) embedded within the biodegradable polyester alongside these conductive additives.

Who Are The Prominent Global Companies Shaping The Printed Circuit Board Market?

Major companies operating in the printed circuit board market include 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, 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

Download The Full Report For Exclusive Market Findings:

https://www.thebusinessresearchcompany.com/report/printed-circuit-board-global-market-report

How Do Regional Market Performances Compare Within The Printed Circuit Board Industry?

Asia-Pacific was the largest region in the printed circuit board market in 2024. 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.

Request A Customized Version Of The Printed Circuit Board Market Report:

https://www.thebusinessresearchcompany.com/customise?id=5316&type=smp

Browse Through More Reports Similar to the Global Printed Circuit Board Market 2025, By The Business Research Company

Integrated Circuits Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/integrated-circuits-global-market-report

Circuit Protection Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/circuit-protection-global-market-report

Photoresist Photoresist Ancillaries Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/photoresist-photoresist-ancillaries-global-market-report

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795