Global Printed Circuit Board Market Size By Type (Single Sided, Double Sided), By Substrate (Rigid, Flexible), By End-User Industry (Industrial Electronics, Healthcare), By Geographic Scope And Forecast

Printed Circuit Board Market Size And Forecast

Printed Circuit Board Market size was valued at USD 77.20 Billion in 2022 and is projected to reach USD 124.16 Billion by 2030, growing at a CAGR of 6.12% from 2023 to 2030.

The rising technological advancements across the automotive industry, driven by the increasing emphasis on enhancing road safety, are seen as prominent factors driving the industry’s demand. The adoption of smart safety systems and the trends towards electrification, which are accelerating quickly, will also aid in the industry’s expansion. The Global Printed Circuit Board Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Printed Circuit Board Market Definition

In electrical and electronic engineering, a printed circuit board (PCB) is a medium used to carefully connect electronic parts to one another. It has the appearance of a laminated sandwich structure with conductive and insulating layers, with each of the conductive layers having a pattern of traces, planes, and other features (like wires on a flat surface) etched from one or more copper sheet layers laminated onto and/or between sheet layers of a non-conductive substrate. Printed wiring board (PWB) and etched wiring board (EWB) are further names for PCB. PCBs are important because they offer rigid support to hold components in place, electrical connections between components, and a small packaging that may be included in an end product.

The best software can assist in taking a design from concept all the way to manufacture. Even the simplest circuit board requires careful design using specialist software programs. PCBs are commonly used for the following purposesmedical devices, LEDs, consumer electronics, industrial equipment, automotive components, aerospace components, maritime applications, safety, and security equipment, scanning equipment ultrasonic scans, CT scans, and X-ray screens all depend on electronic components to work. MonitorsMedical monitoring equipment with electronic components includes blood glucose, heart rate, and blood pressure monitors.

Global Printed Circuit Board Market Overview

The rising technological advancements across the automotive industry, driven by the increasing emphasis on enhancing road safety, are seen as prominent factors driving the industry’s demand. In order to improve the overall driving experience, automakers from all over the world have focused on integrating cutting-edge electronic components in a variety of comfort and safety systems, such as lane-keeping and control systems, and intelligent glass control systems. The integration of such cutting-edge technologies will improve seat comfort, information, and seat comfort, which will positively impact the Printed Circuit Board Market outlook.

The adoption of smart safety systems and the trends towards electrification, which are accelerating quickly, will also aid in the industry’s expansion. The use of PCBs in connected vehicles has expanded the size of the Printed Circuit Board Market. These completely wired and wireless vehicles make it simple for cars to connect to computing devices like smartphones because they are so well-equipped. Drivers can use this technology to track their vehicles using their smartphones, monitor the remaining battery life in their electric vehicles, and remotely regulate the climate in their vehicles.

High-density interconnects (HDI), which enable faster and more compact device interconnection, is one of the major advancements in the Printed Circuit Board Market. Because of HDI, manufacturers of electronic devices may mass-produce wireless products that are smaller, faster at transmitting signals, and have better routing abilities. The development of flexible printed circuit board technology, or flex PCBs, which can be flexed or bent into different shapes and used in reliable computing and wireless devices, is another expanding trend in the Printed Circuit Board Market.

With the development of flexible PCB technology, vendors can have new opportunities. Yet, one of the major environmental concerns of the current era is electronic trash (or “e-waste”). PCBs are usually considered to play a major role in this problem. Certain PCB materials may not break down very well and end up in landfills, where they contaminate the soil around them. This topic has received attention since PCB manufacturing chemicals frequently pollute the environment if improperly disposed of.

Global Printed Circuit Board MarketSegmentation Analysis

The Global Printed Circuit Board Market is Segmented on the basis of Type, Substrate, End-User Industry, and Geography.

Printed Circuit Board Market, By Type

• Single Sided
• Double Sided
• Multi-Layer
• HDI

Based on Type, the market is bifurcated into Single Sided, Double Sided, Multi-Layer, and HDI. The Multi-Layer Printed Circuit Boards are expected to grow at a significant CAGR during forecasted years. Multi-Layer Printed Circuit Boards boards have conductors on internal layers that carry electrical signals between components, or the internal layers could be conductive plane layers. Multi-layer PCBs can be single-sided or double-sided.

Printed Circuit Board Market, By Substrate

• Rigid
• Flexible
• Rigid-Flex

Based on Substrate, the market is bifurcated into Rigid, Flexible, and Rigid-Flex. In 2021, the rigid PCB segment accounted for the largest market share; through 2030, it is expected to rise steadily. Printed circuit boards that are rigid can endure intense temperatures and stress. They are extensively utilized in products like MRI systems, EMG machines, consumer electronics, and many others because of their outstanding endurance against corrosive lubricants, Ultraviolet radiation, and harsh chemicals. They are strongly interwoven around the OEMs as well. The sector may experience significant growth as a result of the rising demand for these circuit boards from the electronics industry, which is being driven by improvements in their quality, cost-effectiveness, durability, and density.

Printed Circuit Board Market, By End-User Industry

• Industrial Electronics
• Healthcare
• Aerospace & Defense
• Automotive
• IT & Telecom
• Consumer Electronics
• Other End-User Industries

Based on End-User Industry, the market is bifurcated into Industrial Electronics, Healthcare, Aerospace & Defense, Automotive, IT & Telecom, Consumer Electronics, and Other End-User Industries. Printed circuit boards are anticipated to be used more frequently in consumer electronics, which will fuel the market’s rapid expansion. In 2021, the industry will have a significant valuation. The demand for smart devices and wearables has greatly expanded as a result of the fast-rising living standards and the optimistic outlook for the global economy. By the end of 2030, PCB sales may increase as a result of the consumer electronics industry’s increased design complexity as a result of the development of smart technologies.

Printed Circuit Board Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Based on Geography, the Global Printed Circuit Board Market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region dominates the market. The Asia Pacific Printed Circuit Board Market’s revenue share is expected to grow at a significant rate during the forecasted years. The development of the industrial sector in the main Asian nations of China, Japan, and India helps the local industry thrive.

The demand for consumer electronics, including tablets, televisions, mobile phones, refrigerators, video game consoles, and other products, has surged as a result of the region’s rapid population growth and growing urbanization. These advancements will support the growth of business in the area, together with the implementation of beneficial government measures targeted toward the development of industrial businesses.

Key Players

The “Global Printed Circuit Board Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are TTM Technologies, Inc., Wurth Elektronik Group (Wurth Group), Becker & Muller Schaltungsdruck GmbH, Sumitomo Corporation, Murrietta Circuits, Advanced Circuits Inc., Unimicron Technology Corporation, Tripod Technology Corporation, Nippon Mektron Ltd., Zhen Ding Technology Holding Limited. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Printed Circuit Board Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Printed Circuit Board Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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