Increasing Demand for Miniaturization of Electronic Devices Driving the Printed Circuit Board Market 2022-2031

A printed circuit board, or PCB, is a self-contained module of interconnected electronic components found in devices ranging from common beepers, or pagers, and radios to sophisticated radar and computer systems. The circuits are formed by a thin layer of conducting material deposited, or "printed," on the surface of an insulating board known as the substrate.

Interconnections between the components are made by etching away selected areas of the copper layer to expose the underlying substrate material. The substrate is usually made of glass-reinforced epoxy resin, which is also known as FR-4.

The copper is etched using a photoengraving process in which a photographic mask is used to selectively expose the copper to light. The exposed areas are then etched away, leaving the desired circuit pattern.

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The circuit board is then coated with a thin layer of solder, which is a metal with a low melting point. This solder coating makes it possible to attach the components to the board without the use of solder joints.

The completed circuit board is then mounted in a housing or enclosure that provides mechanical support and protection from the environment.

The PCB market is segmented on the basis of product, end user, and geography. The product segment of the PCB market is dominated by electronic components and systems. The end user segment is dominated by the industrial and telecommunication sectors.

The electronic components segment is projected to grow at the highest rate during the forecast period. This is due to the increasing demand for high-end electronic products, such as advanced smartphones and automotive applications.

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Key Trends

PCBs are made up of a substrate, usually made of glass-reinforced epoxy, with a thin layer of copper foil laminated to one or both sides. The tracks are created by etching the copper foil to create the desired pattern. The tracks are then coated with a solder mask to prevent short circuits and to protect the tracks from corrosion.

The trend in PCB technology is towards smaller and more complex designs. This is driven by the need for ever-smaller electronic devices. The challenge for PCB manufacturers is to create designs that are both small and reliable.

Another trend is towards using alternative materials for the substrate. This is driven by the need for lighter and more flexible PCBs, for example in wearable electronics. Polyimide and polyester are two materials that are being used more and more in PCB manufacturing.

The final trend is towards using more environmentally-friendly materials and processes. This is driven by the need to reduce the environmental impact of electronic waste. The use of lead-free solder, for example, is becoming more widespread.

Key Drivers

Some of the key drivers of the printed circuit boards market are the increasing demand for miniaturization of electronic devices, the need for high reliability and durability, and the growing demand for flexible and lightweight printed circuit boards. The miniaturization of electronic devices has led to an increase in the demand for printed circuit boards. This is because printed circuit boards offer a high degree of flexibility and allow for a wide range of designs. Additionally, printed circuit boards are more durable than other types of circuit boards and can withstand harsh environments. The growing demand for flexible and lightweight printed circuit boards is also driving the market. This is because these boards offer a number of advantages over traditional rigid boards, such as improved flexibility, light weight, and the ability to be rolled up or folded.

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Market Segments

By Substrate

Rigid
Flexible
Rigid Flex

By Application:

Consumer Electronics
Communication
Industrial Electronics
Computers
Military & Aerospace
Automotive
Medical Instrumentation

By Type:

Single-Sided
Double-Sided
Multi-Layer
HDI

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Key Players

Advanced Circuits
Cirtech
Daedal
Epec
Interconnect Systems
J-TEC
Merix
TTM Technologies
Sanmina
Jabil
Plexus Corp
Benchmark Electronics
Sumitomo Electric
LG Electronics

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