Substrate-Like PCB Market is expected to reach US$ 4,718.6 Million by 2028 | The Insight Partners

Increasing Adoption of 5G Technology by Smartphone Manufacturers to Provide Growth Opportunities for Substrate-Like PCB Market during 2021-2028

Growing Adoption of Substrate-like PCB in Medical and Industrial Equipment Fuels Market Growth

As technologies advance, revealing new capabilities, the healthcare sector has started to use more PCBs. These components play a significant role in devices used for diagnostics, monitoring, treatments, etc. Smart medical devices are expected to give healthcare professionals more real-time data on their patients than ever before and operate with greater precision with the help of more precise sensors that are connected through IoT. Substrate-like PCBs are likely to find significant applications in CT and CAT scanners in the future. Moreover, the use of robotics in the medical field in neurosurgery and bone-cutting operations is projected to create a massive opportunity for the PCB market players offering products for the healthcare sector.

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The List of Companies - Substrate-Like PCB Market

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
Compeq Co., Ltd
DAEDUCK ELECTRONICS Co., Ltd
IBIDEN
KINSUS INTERCONNECT TECHNOLOGY CORP
Korea Circuit
SAMSUNG ELECTRO-MECHANICS
TTM Technologies Inc
Unimicron
Zhen Ding Tech. Group Technology Holding Limited

Which application dominated the market in 2021?

The global substrate-like PCB market was dominated by consumer electronics segment accounted for the largest share in 2021 during the forecast period. Smartphones have progressed from 4G LTE to 5G, with RF front ends using up more space in 5G smartphones due to the complexity of Massive MIMO antenna arrangements. Furthermore, the amount of data processed by the 5G system will grow geometrically, increasing battery capacity requirements will rise the demand of substrate-like PCB in consumer electronic application.

As the demand and sales of portable electronics continue to surge in different markets, electronic modules or devices must prioritize size and weight reductions in many of today's application areas and simultaneously provide reliable signal integrity for high-speed transmissions, even in harsh environments. Miniaturized components need to be arranged within a limited dimension, which is not feasible in conventional printed circuit boards (PCBs). This limitation is driving the need for substrate-like PCBs as it is a cross between a rigid board and a flexible substrate. These PCBs have particularly been introduced to address the elevating need for miniaturization in various electronic products with enhanced features.

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Additionally, rising trends in technologies such as IoT, 5G, and smart cars are further catalyzing the miniaturization of PCBs; they are also making substrates more powerful. To support these technological trends, the use of substrate-like PCB has increased. Smartphone manufacturers are miniaturizing the devices to make them portable and easier to handle. For instance, in May 2018, AT&S showcased various products at the 14th AT&S Technology Forum. One of them was mSAP (stands for the modified semi-additive process) technology through which the company can achieve highly miniaturized and precise PCB structures.

Impact of COVID-19 Pandemic on Substrate-Like PCB Market:

North America is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries hampers the economic growth of the region. The US has a prominent substrate-like PCB market size due to the growing automotive and consumer electronics industry and rising focus on the expansion of 5G networks. A huge increase in the number of confirmed cases and rising reported deaths in the country has affected both manufacturing and sales of materials associated with substrate-like PCBs. The factory and business shutdowns across the US, Canada, and Mexico resulted in the limited adoption of substrate-like PCBs. The region is expecting economic recovery and overall improvement after mass vaccination of people. However, companies' risks remain with the market uncertainties related to tough business environment associated with the unfavorable foreign exchange rates, raw material prices, and logistics costs.

Which country dominated the APAC region substrate-like PCB market?

China held the largest share in Europe region. China will account for the majority of such cars sold in the next five years. For instance, in 2020, GM announced to equip all-new Cadillac models and most Buick and Chevrolet cars in China with 5G by 2022. Moreover, the popularity of AI and IoT in China has brought new development opportunities for consumer electronics manufacturers. Thus, the rising demand for advanced technologies in the consumer electronics and automotive industry will raise the requirement of semiconductors by various automotive, consumer electronics manufacturers and eventually drive the substrate like-PCB market.

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This release was published on openPR.