Printed Circuit Board Market Analysis, Growth and Global Outlook 2021 to 2026 - Sumitomo Corporation, Murrietta Circuits, Unimicron Technology Corporation, Jabil Inc.

The “Printed Circuit Board Market” report 2021-2026 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Printed Circuit Board market is expected to register a CAGR of 1.53% during the forecast period (2021 - 2026) and was valued at USD 58.91 billion in 2020, and it is projected to be worth USD 75.72 billion by 2026 during the period 2021-2026.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Printed Circuit Board market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the Global Printed Circuit Board Market: Jabil Inc., TTM Technologies, Inc., Becker & Muller Schaltungsdruck GmbH, Advanced Circuits Inc., Sumitomo Corporation, Murrietta Circuits, Unimicron Technology Corporation, Tripod Technology Corporation, AT&S Austria Technologie & Systemtechnik AG, Nippon Mektron Ltd., Zhen Ding Technology Holding Limited, and Other.

Industry News and Update:

- March 2020 - Zhen Ding Technology Holding Limited acquired Boardtek Electronics Corporation by Share-swap. After the share-swap, Boardtek would become the wholly-owned subsidiary of Zhen Ding. Boardtek engages in R&D, production, and sales of multilayer PCB which focuses on high-performance computing, high-frequency microwave, and higher efficiency of thermal dissipation.

- February 2020 - TTM Technologies Inc. has announced the opening of the Advanced Technology Center in Chippewa Falls, Wisconsin. This revitalized 40,000 sq. ft. the facility, located at 850 Technology Way, offers a wide variety of some of the most advanced PCB manufacturing solutions offered in North America today, including the ability to manufacture substrate-like PCBs. TTM acquired the assets of i3 Electronics, Inc. (i3) in June, 2019, and shortly thereafter began work to quickly retool this facility which started production in January, 2020.

Key Market Trends:

Consumer Electronics is Expected to Hold a Significant Market Share

- The usage of printed circuit boards (PCBs) is abundant in any electronic equipment, including calculators and remote-control units, large circuit boards, and an increasing number of white goods, which is contributing to the market growth considerably.

- The increasing usage of mobile phones is further anticipated to drive the market for PCBs across the world. For instance, according to the Germany statistical office, at the beginning of 2019, nearly every household (97%) owned at least one mobile phone, compared to 94%, early in 2014. Mobile subscribers are also expected to grow from 5.1 billion in 2018 to 5.8 billion in 2025. (GSM 2019 Report). Due to the miniaturization trend of mobile devices such as smartphones, laptops and tablets for consumer convenience, there has been a rise in the manufacturing of the Printed Circuit Board (PCB).

- Moreover, owing to the increasing demand from the market segment, several market incumbents are specifically catering to the end-users needs, by offering PCBs in multiple batch sizes.

- For instance, AT&S produces printed circuit boards for smartphones and tablets, and it supplies to major companies, like Apple and Intel. Additionally, in 2020, Apple plans to launch two iPhone SE 2 models in different sizes. The upcoming iPhone SE 2 models may use a 10-layer Substrate-like PCB (SLP) for its motherboard, which may be manufactured by AT&S.

Regional Analysis:

North America is Expected to Have a Significant Market Share

- With exploding consumer electronics sector, the soaring popularity of IoT, and rising applications in the automotive industry are identified as the key factors that are likely contributing a positive impact on the sales of PCBs in the region. Quality performance and great packaging flexibility of PCBs will contribute to their success in the interconnectivity solutions in the future.

- In Dec 2019, TTM Technologies, Inc., a leading global printed circuit board product, radio frequency components, and engineered solutions manufacturer, announced the opening of a new Engineering Center in New York. Following the acquisition of manufacturing and intellectual property assets from i3 Electronics, Inc., the company has hired a number of engineering experts previously employed by i3 to strengthen its advanced PCB technology capabilities and extend its patent portfolio for emerging applications for the aerospace and defense and high-end commercial markets.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Printed Circuit Board Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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