Printed Circuit Board Market 2023: Market Size, Top Segments, Leading Region Forecast

The printed circuit board market reached a value of nearly $58,871.7 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.4% since 2017. The market is expected to grow from $58,871.7 million in 2022 to $75,226.9 million in 2027 at a rate of 5.0%. The market is then expected to grow at a CAGR of 5.6% from 2027 and reach $98,637.9 million in 2032.

The increasing demand for eco-friendly PCB's is expected to fuel the growth of the printed circuit board market during the forecast period. Innovation in producing environmentally friendly printed circuit boards ranges from additive processes that use inkjet and laser printing to the limited production of fully biodegradable boards. For example, in November 2022, Elephantech, a Japan based entrepreneurial venture that specializes in developing flexible printed wiring board ("PWB") manufacturing technology, has developed an eco-friendly PCB called P-Flex, using inkjet printing-based electronic circuit manufacturing technology, which it says reduces carbon emissions by 77% and water consumption by 95% compared to conventional processes.

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The board-in-board connector is a key trend gaining traction in the printed circuit board market. Board-to-board (BTB) connectors are used to accurately interconnect PCBs in a stackable manner, to accommodate various types of PCB orientations, relative distances, and space constraints to allow for design flexibility. For example, in 2022, Berkeley Lab, a US-based company developed printed circuit boards with solderless, board-in-board interconnections for low-cost, flexible designs. When compared to currently existing tiny connector technologies, these narrow board-in-board connectors can withstand higher voltages and mechanical forces.

The top opportunities in the printed circuit board market segmented by type will arise in the multi-layer segment, which will gain $6,378.6 million of global annual sales by 2027. The top opportunities in segment by substrate will arise in the rigid segment, which will gain $13,971.6 million of global annual sales by 2027. The top opportunities in segment by laminate type will arise in the FR-4 segment, which will gain $9,739.5 million of global annual sales by 2027. The top opportunities in segment by end-user industry will arise in the consumer electronics segment, which will gain $6,334.7 million of global annual sales by 2027. The printed circuit board market size will gain the most in China at $7,751.8 million.

Printed Circuit Board Market Segmentation:

The Printed Circuit Board market is segmented by type, by substrate, by laminate type, and by end-use industry.

By Type -
a) Single Sided
b) Double Sided
c) Multi-Layer
d) High Density Interconnect (HDI)
e) Other Types

By Substrate -
a) Rigid
b) Flexible
c) Rigid-Flex

By Laminate Type -
a) Fr-4
b) Polyimide
c) Other Laminate Types

By End-Use Industry-
a) Industrial Electronics
b) Healthcare
c) Aerospace And Defense
d) Automotive
e) IT And Telecom
f) Consumer Electronics
g) Other End-Use Industries

Major players in the Printed Circuit Board market include Zhen Ding Technology Holding Limited, Unimicron Technology Corporation, TTM Technologies, Inc., NOK CORPORATION, Tripod Technology Corporation .

The regions covered in the global Printed Circuit Board market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Printed Circuit Board Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Printed Circuit Board Market Report Table Of Content

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
20. Company Profiles
21. Key Mergers and Acquisitions
22. Opportunities And Strategies
23. Printed Circuit Board Market, Conclusions And Recommendations
24. Appendix

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