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Key Trends Reshaping the Printed Circuit Board Market: Eco-Friendly Innovations: Biodegradable Materials Transforming The Printed Circuit Industry Transformation
Printed Circuit Board
Printed Circuit Board Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the market size for printed circuit boards has seen consistent growth. From 2024 to 2025, it is forecasted to increase from $65.82 billion to $67.42 billion, projecting a compound annual growth rate (CAGR) of 2.4%. This rise from the historical period can be traced back to an escalating demand for electric automobiles, an amplified need originating from the healthcare sector, a robust economic expansion in burgeoning markets, and a risen demand for industrial robots within the manufacturing industry.
How Will the Printed Circuit Board Market Size Evolve and Grow by 2029?
Expectations are high for the printed circuit board market to undergo significant expansion in the coming years, with predictions of growth to $82.87 billion by 2029 at a compound annual growth rate (CAGR) of 5.3%. Factors driving this projected growth within the forecast period include rising demand for environmentally friendly PCBs, substantial investments in 5G and related telecom infrastructure, growth in IoT devices, and increased digitalization. Trending techniques within the forecast period include the development of board-in-board connectors to improve efficiency and connectivity, the utilization of innovative software for the production of printed circuit boards, utilizing AI for superior product quality, employing 3D printing for compact designs and improved material optimization, and a focus on creating sustainable PCBs. The industry is also focusing on partnerships and collaborations for the enhancement of product portfolio and geographic distribution.
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What Drivers Are Propelling the Growth of Printed Circuit Board Market Forward?
The rise in sales of electric vehicles is expected to spark the expansion of the printed circuit board market in the years to come. The vehicles that wholly or partially rely on electricity are known as electric vehicles (EVs). These EVs utilize printed circuit boards (PCBs) to connect the electronic components present in them, such as uncomplicated audio and display systems. Moreover, the production of charging stations, utilized by electric vehicle users to recharge their cars, also employs PCBs. For illustration, as per the data published by Bloomberg New Energy Finance (BNEF), a company based in the UK aiming to provide information, analysis, and updates on the energy sector transition, it's anticipated that EVs will constitute 10% of global car sales by 2025, further escalating to 28% by 2030 and then to a staggering 58% by 2040.
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What Trends Will Shape the Printed Circuit Board Market Through 2029 and Beyond?
In the printed circuit board market, the influx of biodegradable materials is creating a significant impact. Efforts are now centered around lessening e-waste by substituting regular substrates with more environmentally considerate options. This approach has the potential to not only lower the overall environmental footprint of the electronics industry but possibly decrease assembly and production costs as well. To illustrate, the US-based Lawrence Berkeley National Laboratory under the Department of Energy, in August 2022, initiated the creation of a completely recyclable and biodegradable printed circuit aimed at alleviating the health and ecological risks associated with heavy metal waste from landfills. These biodegradable printed circuit boards (PCBs) consist of biodegradable polyester binders, conductive fillers like carbon black or silver flakes, and enzyme blends. The conductive ink used here derives its electrical conductivity from the silver or carbon black particles and the biodegradable polyester that contains purified enzymes like Burkholderia cepacian lipase (BC-lipase) facilitates the efficient breakdown of the polymer chain into its monomer.
What Are the Key Segments in the Printed Circuit Board Market?
The printed circuit board market covered in this report 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: FR-4, Polyimide, Other Laminate Types
4) By End-Use Industry: Industrial Electronics, Healthcare, Aerospace And Defense, Automotive, IT And Telecom, Consumer Electronics, Other End Users
Subsegments:
1) By Single Sided: Standard Single-Sided PCBs, Flexible Single-Sided PCBs, Rigid Single-Sided PCBs
2) By Double Sided: Standard Double-Sided PCBs, Flexible Double-Sided PCBs, Rigid Double-Sided PCBs
3) By Multi-Layer: Standard Multi-Layer PCBs (3-10 Layers), High Layer Count Multi-Layer PCBs (More Than 10 Layers), Flexible Multi-Layer PCBs, Rigid Multi-Layer PCBs
4) By High Density Interconnect (HDI): Microvia HDI PCBs, Buried And Blind Via HDI PCBs, Flexible HDI PCBs, Rigid HDI PCBs
5) By Other Types: Flexible PCBs, Rigid-Flex PCBs, Aluminum PCBs, Ceramic PCBs
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Who Are the Key Players Shaping the Printed Circuit Board Market's Competitive Landscape?
Major companies operating 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, Sumitomo Corporation, Nippon Mektron Ltd, Compeq Manufacturing Co Ltd, CMK, IBIDEN CO. LTD, Ihara Electronic Industries Co. Ltd., Kyoden Co. Ltd., Genus Electrotech Ltd., Ascent Circuits Pvt. Ltd., Circuit Systems India Ltd., Shogini Technoarts Pvt, LtdGilson Inc, Elvia PCB, ICAPE Group, Würth Elektronik Group, EverMAX sro, A3 v.o.s, AJ Technology Ltd, AWOS s.r.o, Cemebo s.r.o, EMS-ELECTRA SRL, PCB ELECTRA, DGTronik, Flex Ltd, Rush PCB Inc, Custom Circuit Boards, Journey Circuits Inc, Mentor Graphics Corp, Rockwell Collins Inc, Telephonics Corporation, NTI PCB Lab, JHYPCB, Bonam Electronic Projects, Bosco Printed Circuits
What Geographic Markets Are Powering Growth in the Printed Circuit Board Market?
Asia-Pacific was the largest region in the printed circuit board market in 2024. Asia-Pacific is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed circuit board market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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