The printed circuit board (pcb) market size is expected to grow by $ 19059.2 mn during 2023-2027, progressing at a CAGR of over 5.05%. The report provides thorouh insights on the COVID-19 impact on the market and new business opportunities, if any, during the pandemic period. According to Technavio research experts, we expect the impact to be significant during the first quarter, which should gradually alleviate in subsequent quarters – with a limited impact on the full-year economic growth.
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Printed Circuit Board (PCB) Market Trends & Drivers
The printed circuit board (pcb) market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as rising adoption of smartphones, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The printed circuit board (pcb) market has also explored key trends such as increasing industry automation, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Printed Circuit Board (PCB) Market: Segmentation Analysis
This market research report segments the printed circuit board (pcb) market by End-user (Communication network infrastructure, Consumer electronics, Automotive electronics, Military and aerospace, and Others), Product (4-6 low, Substrates, 1-2 sided, Flexible, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
The APAC region led the printed circuit board (pcb) market in 2023, followed by North America, Europe, Middle East and Africa, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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