IMARC Group, a leading market research company, has recently releases report titled “Printed Circuit Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Printed Circuit Board market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Printed Circuit Board Market?
The global printed circuit board market size reached US$ 67.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 87.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
What are Printed Circuit Board?
A printed circuit board (PCB) is an electrical circuit that uses conductive pathways, tracks, or signal traces to mechanically support and electrically connect electronic components. It is composed of fiberglass, epoxy, and other composite materials that help reduce the complexity of the overall circuit design. It helps enhance a computing system's strength, performance, reliability, and security. As a result, PCB finds extensive applications in the defense, healthcare, aerospace, electronics, information technology (IT), and telecommunications industries across the globe.
What Are The Growth Prospects And Trends In The Printed Circuit Board Industry?
The global printed circuit board market is primarily driven by the rising product utilization in the head-up display (HUD), advanced driver assistance systems (ADAS) control modules and antilock brake systems of vehicles. Moreover, the increasing trend of miniaturization in the semiconductor industry has augmented product demand. Additionally, the widespread integration of robotics, artificial intelligence (AI), and the internet of things (IoT) has accelerated the product adoption rate.
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Besides this, the rising use of PCBs in manufacturing remote-control units, circuit boards, industrial machinery, calculators, aerospace components, medical devices, business machines and computers, and communication, control, and home entertainment equipment has catalyzed the market growth. Furthermore, the rising demand for eco-friendly PCBs due to the increasing volumes of electronic waste is contributing to market growth. Other factors, including the rapid expansion in the automotive sector, technological advancements, and product innovations, are also anticipated to drive the market further.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Single-Sided
- Double-Sided
- Multi-Layer
- HDI
Breakup by Substrate:
- Rigid
- Flexible
- Rigid-Flex
Breakup by End Use Industry:
- Industrial Electronics
- Healthcare
- Aerospace and Defense
- Automotive
- IT and Telecom
- Consumer Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Advanced Circuits Inc.
- AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
- Becker & Müller Circuit Printing GmbH
- Jabil Inc.
- Murrietta Circuits
- Nippon Mektron Ltd. (NOK Corporation)
- Sumitomo Corporation
- TTM Technologies Inc.
- Unimicron Technology Corporation (United Microelectronics Corporation)
- Würth Elektronik GmbH & Co. KG (Würth Group)
- and Zhen Ding Technology Holding Limited.
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