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Printed Circuit Board Market Report 2023-2032: Trends, Size, Industry Share, Outlook And Analysis | TTM Technologies, Nippon Mektron Ltd., Samsung Electro-Mechanics, Unimicron Technology Corporation, Advanced Circuits
Printed Circuit Board Market
The Business Research Company's Printed Circuit Board Global Market Report 2023 identifies increasing electric vehicle sales as the major driver for the Printed Circuit Board market's growth in the forecast period. Electric vehicles (EVs) are those that are powered entirely or partially by electricity. Printed circuit boards (PCBs) are used to connect electrical components in electric vehicles, such as simple audio and display systems. PCBs are also used in the production of charging stations, which allow electric vehicle users to charge their vehicles.
The global printed circuit board market size grew from $62.18 billion in 2022 to $69.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The printed circuit board market size is expected to grow to $104.99 billion in 2027 at a CAGR of 10.8%.
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Major competitors in the Printed Circuit Board market are TTM Technologies, Nippon Mektron Ltd., Samsung Electro-Mechanics, Unimicron Technology Corporation, Advanced Circuits.
A key trend in the Printed Circuit Board market includes biodegradable materials in printed circuit boards. Manufacturers are concentrating on decreasing electronic waste by replacing standard substrates with more ecologically friendly alternatives, which might help reduce the electronics sector's overall environmental effect while also potentially lowering assembly and manufacturing costs. For instance, in August 2022, the Department of Energy's Lawrence Berkeley National Laboratory (Berkeley Lab), a US-based research institute, developed a fully recyclable and biodegradable printed circuit to avoid mitigate the health and environmental hazards posed by heavy metal waste from landfill.
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The Printed Circuit Board market 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: Paper, FR-4, Polymide, Other Laminate Types
4. By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End-Users
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Printed Circuit Board market.
The Business Research Company's "Global Printed Circuit Board Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Printed Circuit Board Market Include:
1. Executive Summary
2. Printed Circuit Board Market Characteristics
3. Printed Circuit Board Market Trends And Strategies
4. Printed Circuit Board Market - Macro Economic Scenario
5. Printed Circuit Board Market Size And Growth
……
26. Africa Printed Circuit Board Market
27. Printed Circuit Board Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Printed Circuit Board Market
29. Printed Circuit Board Market Future Outlook and Potential Analysis
30. Appendix
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