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Global Printed Circuit Board Market: Unfolding Growth Drivers, Major Players, and Market Projections
Printed Circuit Board Market Size
What Is The Projected Market Size Of The Global Printed Circuit Board Market And Its Growth Rate?
• The printed circuit board market size is expanding steadily and is projected to increase from $65.82 billion in 2024 to $68.75 billion in 2025, at a compound annual growth rate (CAGR) of 4.5%.
• This growth in the stated period can be attributed to rising demand for electric vehicles, increased usage in the healthcare sector, strong economic growth in emerging markets, and augmented demand for industrial robots in manufacturing.
• The printed circuit board market predicts a robust growth trajectory in the next few years, likely to elevate to $86.5 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. Growth during this period can be ascribed to rising demand for eco-friendly PCBs, increasing investments in 5G technology and telecom infrastructure, and the surge in IoT device usage and digitalization.
What Is Driving The Growth In The Printed Circuit Board Market?
Expanding sales in the electric vehicle sector are expected to drive growth in the printed circuit board market during the forecast period. Electric vehicles (EVs) are partially or fully electrically powered and use printed circuit boards (PCBs) to connect electrical components such as audio and display systems. For instance, charging stations, enabling EV users to charge their vehicles, also utilize PCBs. The surge in EVs is correspondingly anticipated to propel the PCB market, with EVs predicted to comprise 10% of global passenger car sales by 2025, expanding to 28% by 2030 and 58% by 2040, according to a study by Bloomberg New Energy Finance (BNEF).
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Who Are the Key Players Driving Printed Circuit Board Market Growth?
Key players in the Printed Circuit Board Market include:
• Zhen Ding Technology Holding Limited
• Unimicron Technology Corporation
• TTM Technologies Inc.
• NOK CORPORATION
• Tripod Technology Corporation
• AT&S Austria Technologie & Systemtechnik AG
• Kinwong
• Jabil Inc.
• Suzhou Dongshan Precision Manufacturing Co.Ltd
• Shennan Circuits
What Are The Key Trends In The Printed Circuit Board Market?
Key trends in the forecast period in the printed circuit board market include:
• Developing board-in-board connectors for higher efficiency and better connectivity.
• Adopting innovative software tools for printed circuit boards.
• Leveraging artificial intelligence for improved product quality.
• Focusing on 3D printing for compact designs and material optimization.
• Focusing on the development of sustainable PCBs.
• Focusing on partnerships and collaborations to expand product portfolio and geographic presence.
What Are The Segments Of The Global Printed Circuit Board Market?
The global Printed Circuit Board Market is segmented by:
1) Type: Single Sided, Double Sided, Multi-Layer, High Density Interconnect (HDI), Other Types
2) Substrate: Rigid, Flexible, Rigid-Flex
3) Laminate Type: FR-4, Polyimide, Other Laminate Types
4) End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End Users
Which Region Leads The Printed Circuit Board Market?
In 2024, Asia-Pacific was the largest region in the printed circuit board market and is also anticipated to grow at the fastest rate during the estimated period. The report covers diverse regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Printed Circuit Board Market Global Market Report?
- Market Size Analysis: Analyze the Printed Circuit Board Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Printed Circuit Board Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Printed Circuit Board Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Printed Circuit Board Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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