According to the latest report by IMARC Group, titled “Printed Circuit Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global printed circuit board market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global printed circuit board market size reached US$ 67.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 87.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
A printed circuit board (PCB) is an electrical circuit that uses conductive pathways, tracks, or signal traces to mechanically support and electrically connect electronic components. It is composed of fiberglass, epoxy, and other composite materials that help reduce the complexity of the overall circuit design. It helps enhance a computing system’s strength, performance, reliability, and security. As a result, PCB finds extensive applications in the defense, healthcare, aerospace, electronics, information technology (IT), and telecommunications industries across the globe.
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Market Trends
The global printed circuit board market is primarily driven by the rising product utilization in the head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of vehicles. Moreover, the increasing trend of miniaturization in the semiconductor industry has augmented product demand. Additionally, the widespread integration of robotics, artificial intelligence (AI), and the internet of things (IoT) has accelerated the product adoption rate.
Besides this, the rising use of PCBs in manufacturing remote-control units, circuit boards, industrial machinery, calculators, aerospace components, medical devices, business machines and computers, and communication, control, and home entertainment equipment has catalyzed the market growth. Furthermore, the rising demand for eco-friendly PCBs due to the increasing volumes of electronic waste is contributing to market growth. Other factors, including the rapid expansion in the automotive sector, technological advancements, and product innovations, are also anticipated to drive the market further.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advanced Circuits Inc., AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Becker & Müller Circuit Printing GmbH, Jabil Inc., Murrietta Circuits, Nippon Mektron Ltd. (NOK Corporation), Sumitomo Corporation, TTM Technologies Inc., Unimicron Technology Corporation (United Microelectronics Corporation), Würth Elektronik GmbH & Co. KG (Würth Group) and Zhen Ding Technology Holding Limited.
The report has been segmented the market into following categories:
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Type:
- Single-Sided
- Double-Sided
- Multi-Layer
- HDI
Breakup by Substrate:
- Rigid
- Flexible
- Rigid-Flex
Breakup by End Use Industry:
- Industrial Electronics
- Healthcare
- Aerospace and Defense
- Automotive
- IT and Telecom
- Consumer Electronics
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
Key Questions Answered in the Global printed circuit board market Market Report
• How has the global printed circuit board market industry performed in the past and how will it perform in the near future?
• What is the impact of COVID-19 on the global printed circuit board market market?
• What are the key regions in the global printed circuit board market industry
• What are the major driving factors and challenges in the global printed circuit board market market?
• What is the structure of the global printed circuit board market industry and who are the leading players?
• What is the degree of competition in the market?
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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