IMARC Group has recently released a new research study “Printed Circuit Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global printed circuit board market size reached US$ 67.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 87.7 Billion on by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What is a Printed circuit board Market?
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.
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What are the major market drivers in the Printed circuit board Market?
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.
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.
Who are the prominent players operating in the Printed Circuit Board Market?
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.
What segments are covered in the global printed circuit board market research report?
The report has been segmented the market into following categories:
Report Segmentation:
The report has been segmented the market into 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
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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